DEVELOPER 101: COMPARING THE PHILIPPINE’s TOP 3 DEVELOPERS
As a real estate investor,you need to have an understanding of the Philippine’s most reliable developers to know where to put your money. Factors such as quality,specialization,and the especially whe multiple developers offer similarly priced investments in the same neighborhood. To help you understand the competitive world of Philippine developers,we’ve created this quick of master-planned locations,with residential,commercial,office and resort developments nationwide.
1. AYALA LAND- Ayala Land Inc,is one of the largest and most famous developers owned by the giant Ayala Corporation. It was founded in 1988 with a current income of 166.2 billion of consolidated revenue in 2019. Ayala has 5 distinct residential brands. Ayala Land Premier offers luxurious high end developments,Alveo caters to urban high achievers and cosmopolitans,Avida services the middle class,while Amaia and BellaVita services the broad C market for a wide range of offerings. It is also currently the country’s largest property developer with 11,624 hectares in their landbank, and established success stories in Makati Central Business District (Makati CBD),Ayala Alabang,Cebu Park Districts,Bonifacio Global City (BGC) and Nuvali. It is also ranked high in the Philippine Stock Exchange(PSE) at 4th place.
2.MEGAWORLD- Megaworld is another of the country’s leading real estate developers that pride itself in pioneering the live-work-play-learn township concept in the Philippines,introducing high-end residential condominiums and mixed-use communities to middle-income earners across Metro Manila,Cebu,Iloilo, and Davao. It was founded in 1989 and now has a net income of P44.9 billion in consolidated revenues. Some of its distinguished township projects include its flagship Eastwood City,Uptown Bonifacio,Forbes Town Center,Newport City,Mckinley Hill and the Iloilo Business Park. It current landbank stands at 4,500 hectares and ranks 18th in the PSE.
3. SM PRIME HOLDINGS- Sm Prime Holdings was founded in 1994. Its strength is in developing commercial establishments as the country’s premiere shopping center developer and operator in the country with 72 malls nationwide including the Mall of Asia,and Megamall. Its residential arm SMDC however specializes in middle-market condominiums with the convenient locations and affordable prices. Some notable developments include the Tagaytay Highlands and Hamilo Coast. SM Prime Holding’s total land bank in the provinces stands at 542 hectares,and consolidated income for 2019 is currently as SP26.5 billion. The company ranks 28th in the PSE.