Philippine Property Roundup: Ayala Land Raises Capex, Cebu Landmasters Eyes P25-Billion Launches
Developers adjust spending and inventory plans as government trims infrastructure outlay
Written by PropVela Editorial TeamPublished 2 min read
Today's roundup covers a major developer's revised spending plans, an aggressive project pipeline in the Visayas and Mindanao, and a government budget cut with implications for property values nationwide.
ALI Lifts Capex to About P60 Billion
Ayala Land, Inc. has raised its 2026 capital expenditure budget back up to roughly P60 billion, reversing a May cut to P50 billion that followed a weak first-quarter performance. The company had originally targeted P70 billion to P80 billion in February before scaling back. ALI's first-half net income dropped 19% year-on-year to P11.5 billion, while revenue fell nearly 10% to P75 billion, though the developer now says the higher budget is needed to finish projects slated for completion this year. According to BusinessWorld, the upward revision reflects ALI's push to stay on track despite softer earnings.
Cebu Landmasters Lines Up P25-Billion Launches as Sell-Through Hits 95%
Cebu Landmasters is gearing up to roll out more than 11 projects worth about P25 billion in the second half of the year, adding over 5,600 residential units across Cebu, Mactan, Ormoc, Butuan, Davao, and Panglao. The replenishment push comes after the developer's current inventory reached a 95% sell-through rate, leaving little left to sell. Earlier launches this year were delayed by slow government processing of Licenses to Sell, and the company is also making its first move into Luzon with a project in Pasig City. According to BusinessWorld, the expansion marks a notable geographic diversification for the Cebu-based builder.
Government Slashes Infrastructure Spending to P1.34 Trillion
The national government has trimmed its infrastructure spending program, a development that matters to property developers who depend on roads, rail, and connectivity projects to support land values and justify new projects in emerging growth areas. Reduced public spending on infrastructure could slow the pace at which outlying corridors become viable for residential and commercial development. According to Philippine Star, the adjusted budget now stands at P1.34 trillion.