Property developer Ayala Land Inc. earmarked P11 billion to fully develop its first tourism estate development in El Nido, Palawan into an integrated resort community. Ayala Land started selling commercial lots ranging from 800 to 2,600 square meters which would be developed for hospitality-related projects. Ayala Land’s premier residential brand Ayala Land Premier is also set to launch by the second quarter of 2018 a residential project in El Nido. Ayala Land started improving infrastructure and facilities in El Nido. Ayala Land already developed 10 percent of the total 325 hectares.

Source: The Standard July 09, 2017 12:22 UTC