8 March 2010 105 views No Comment Email This Post

MANILA – Property demand from the overseas Filipino market is bouncing in a big way in the aftermath of the Wall Street shakeout that depressed the investment portfolio of high net worth individuals, according to Ayala Land Inc.

This was the main reason why Ayala Land is altering the master plan for its maiden foray into leisure estate development—the P10-billion 320-hectare exclusive Anvaya Cove Beach and Nature Club in Morong, Bataan—to offer low-rise condominium and multi-dwelling units that are ideal for overseas buyers seeking readily built vacation houses, company senior vice president Rex Mendoza said.

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