ALI to develop its biggest estate in Mindanao

Real estate giant Ayala Land, Inc., through a joint venture with parent company Ayala Corporation, is investing an initial 13.8 billion to jumpstart the development of a mixed-use project in Misamis Oriental called Habini Bay, which will be its biggest estate in Mindanao.

In a statement, ALI said it will promote inclusive growth in Northern Mindanao through the development of Habini Bay, a 526hectare master-planned estate located within the municipalities of Alubijid and Laguindingan, Misamis Oriental.

Habini Bay is positioned as a new center of trade and commerce in Northern Mindanao. Amid natural landscapes and inviting coastal views, it is likewise strategically connected to the Laguindingan airport and will offer a diverse mix of developments to create new lifestyle options and business opportunities.

The estate is a joint venture project of ALI and Ayala Corporation which acquired the property in the 1960s and eventually donated 183 hectares to form part of the airport.

“Over the years, Ayala Land has been committed to enriching the way we live and to enhancing land nationwide,” said ALI Visayas-Mindanao group Vice President and COO Jun Bisnar.

He added that, “we focus on inclusive growth, sharing our expertise as a full-line property developer to communities around the country. We remain a committed partner in nation-building and in improving the quality of life of our fellow Filipinos in the various regions where we invest.”

Ayala Land plans to bring to Misamis Oriental its experience and track record in building sustainable mixed-use estates.

Habini Bay’s masterplan will be anchored by an industrial park to be managed by Laguna Technopark Inc. (LTI), the country’s foremost industrial estate developer which brought in the world’s leading manufacturers of electronics, automotive, pharmaceuticals, and consumer products.

Affordable residential developments will also be built in the estate, together with mixed-use commercial lots.