Building brands
Monetizing dreams
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| “It was a very dilapidated area but the golden rule of property development is location, location, location. Taipingqiao was such a prime location that I was very confident” Vincent HS Lo, Shui On |
METRO MANILA’S URBAN sprawl is at its neatest and most orderly in Makati City – and for good reason. Almost single-handedly, Ayala Land, a local property developer established after World War II, has planned, designed and built the city from the ground up, without a cent of government money.
There is concrete evidence of this achievement on Makati Avenue, one of the two key city thoroughfares along with Ayala Avenue. Squeezed between the glass-fronted skyscrapers and office towers sits a modest two-storey block. Formerly a control tower and now a protected building, it is the only visible evidence that Makati was once an airport and Makati and Ayala Avenues its...
