Ayala Land halted the sales and construction of Laurean Residences, a 67-story luxury tower in Makati, due to escalating costs and uncertain delivery timelines linked to the ongoing Middle East conflict. The move follows strong initial demand and about 10 billion pesos in early sales, but cost pressures and delayed certainty prompted a pause while buyers are offered refunds or reallocation to other projects. The developer plans to reallocate capital toward ventures with clearer execution visibility and recurring income streams, signaling a cautious shift in strategy amid a cooling market. Industry observers anticipate further project suspensions across developers as the war drags on and costs stay elevated, potentially impacting revenue in the near term.
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Laurean Residences, a planned 67-story luxury tower in the Makati central business district, was marketed starting in Q4 2025 and drew substantial interest before its pause.
Ayala Land said it paused sales due to rising construction costs and reduced predictability in delivery timelines, affecting its ability to meet customer commitments with certainty.
Early sales reportedly surpassed 10 billion pesos, illustrating strong initial demand despite Manila's condo oversupply; buyers are being offered refunds or the option to shift payments to other Ayala Land projects.
Ayala Land will prioritize capital allocation toward projects with clearer execution visibility and assets with recurring income, such as malls, hotels, and office buildings, as part of a broader strategic refocus.
Industry experts warn that further suspensions may follow as the Middle East conflict persists, with high costs and supply bottlenecks expected to constrain development in multiple sectors.