Monday, January 28, 2008

Ayala Land @ Fifteen!


“You keep dreaming, Ayala Land keeps building. Fifteen years later, our vision remains clear: We want to build only good things for Filipinos. Thus, we keep innovating by building not just houses but communities and homes for every life stage. Not just malls but entire lifestyles. Not just offices but real estate solutions for corporations. As long as people continue dreaming, we’ll continue building.”

Six months after purchasing on installment a condo unit in Avida Makati West, three months after the Glorietta 2 'bomb blast' incident and one month after some passengers got stuck at The Columns Ayala Avenue (TCAA) elevator, the BIG QUESTION is if Ayala Land Incorporated (ALI) has learned from their recent experiences. In an earlier blog entry, I mentioned that ALI is in a lose - lose situation regardless of the G2 investigation result; if it’s a terrorist attack, then how come they were able pass through G2s “tough” security? If it’s a faulty sewage system, then that’s reflective of their property management (or mismanagement). And the most recent TCAA resident ordeal which I think is NOT an act of terrorism, have our fingers pointing to property (mis) management once again.

A financial magazine says that the property boom is in play and will continue until Y2010. Furthermore, it said that some of the players include Ayala Land Inc., Megaworld Properties and Robinson’s Land Inc. with ALI leading the pack. The Avida Makati West project’s expected turnover is fourth quarter of Y2010. There’s ample time to react and get your act together. Small time investors like us don’t want to deal with problems with security, elevators conking out and a stinky sewage system. That’s the prime reason why we choose to invest in Ayala Land Inc.

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