Ayala Land (ALI), the real estate unit of the Ayala Corporation, has opened its second international Asia-Pacific office in Hong Kong in a bid to attract high-net-worth (HNW) investors to the growing Philippine market.
Antonio Aquino, president and CEO of ALI, was quoted by The Asset, saying, “Philippine property provides stable and steady returns for investors, without the volatility of other markets like Hong Kong. For overseas Filipinos, it’s also a good investment.”
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Thomas Mirasol, president of ALI international sales (ALISI), added that the firm aims to duplicate its Singapore experience in Hong Kong where it also aims to attract both HNW and overseas Filipino investors.
“When we opened the Singapore office, we were just targeting OFWs (overseas Filipino workers) but surprisingly, we got a lot of interest from the Singaporeans too. We’re hoping it will be the same in Hong Kong,” Mirasol concluded.
Established in 1834, ALI consists of five major subsidiaries and three affiliates that offer services in the areas of banking, insurance, automotive, real estate, telecommunications, information technology and water utilities.
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