LUXURY TOWER. Artist's rendition of Laurean Residences.
Ayala Land Premier
Despite construction grinding to a halt amid higher costs and uncertainty from the Middle East war, half of Laurean Residences’ deep-pocketed buyers are choosing to stay rather than take a refund or move to another Ayala project
MANILA, Philippines – Ayala Land (ALI) put one of its boldest luxury bets on pause this year. And yet many of the people who had already bought into it are willing to wait it out.
Around half of the buyers of Laurean Residences have chosen to stick with the project, ALI chief operating officer Mikhail Cruz said during the property giant’s H1 briefing on Monday, August 10. When the Makati tower was suspended, ALI earlier gave buyers the option to refund or transfer their payments to other Ayala Land developments.
