PROPERTY developer Ayala Land Inc. on Monday said it had temporarily halted sales of its Laurean Residences project, citing rising cost pressures and uncertainties linked to evolving global conditions amid the ongoing war in the Middle East.
“We have made the prudent decision to strategically place sales of Laurean Residences on pause, as the current environment presents increasing pressures on costs and reduced predictability in delivery timelines,” the statement read.
The company did not disclose how long the pause would last but said the move forms part of a broader strategy to manage capital more carefully amid volatility.
Ayala Land said it was taking a more deliberate approach to capital allocation, prioritizing developments with clearer execution visibility while strengthening its recurring income portfolio.
The developer added that it had reached out to affected buyers to discuss available options, assuring customers of continued support.
“We deeply value the trust our buyers place in Ayala Land, and we remain committed to delivering high-quality projects with the care and discipline that have always defined our company,” the statement added.
The move comes as developers grapple with rising input costs and external risks that could impact project timelines, prompting firms to reassess planned launches and investment pipelines.
Ayala Land shares dropped P0.24, or 1.40 percent, to close at P16.96 each on Monday.
