Lack of an urban planner a blessing for Ayala Land

ANOTHER real estate developer might have viewed it as an obstacle, but Ayala Land says that it has worked the Philippines' political instability, frequent leadership changes, and government's lack of an urban planning or development agency to its advantage.

Not having to adhere to a regulatory body's land use blueprint has enabled it to acquire large plots of land and develop them according to its own plan and design. And a…