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Lack of an urban planner a blessing for Ayala Land

Biggest Philippine developer could buy big plots, have own plan and design

Big scale: Values and yields at Ayala Land's projects have risen faster than its competition, says Mr Mirasol (right), seen with vice-president Jose Juan Jugo

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...