Property developer Ayala Land Inc. launched integrated estate Habini Bay, a 526-hectare master-planned development in Misamis Oriental province, to take advantage of the growth of Northern Mindanao.
Habini Bay is being positioned as a new center of trade and commerce in Northern Mindanao, Ayala Land said in a statement posted on its website.
The estate is a joint venture project of Ayala Land and parent company Ayala Corp. which acquired the property in the 1960s and eventually donated 183 hectares to form part of the airport.
The property developer said Habini Bay’s masterplan would be anchored by an industrial park to be managed by Laguna Technopark Inc.
The property developer said the municipal government of Laguindingan would also relocate and build a new municipal government center within the estate.
Other projects include a provincial bus terminal which will provide convenient access to and from neighboring towns and cities and a technical school that supports the push for quality education in the region.
Ayala Land said a 30-meter-wide road along the coastline of the property connecting to the airport would allow easy access to Habini Bay’s industrial and mixed-use commercial sites, a seaport and other transport facilities.
Habini Bay will have pedestrian and bike-friendly roads to encourage a healthy modern lifestyle in an integrated and sustainable estate.
“Over the years, Ayala Land has been committed to enriching the way we live and to enhancing land nationwide,” said Ayala Land Visayas-Mindanao group vice president and chief operating officer Jun Bisnar said.
“We focus on inclusive growth, sharing our expertise as a full-line property developer to communities around the country. We remain a committed partner in nation-building and in improving the quality of life of our fellow Filipinos in the various regions where we invest,” he said.
Ayala Land said it planned to bring to Misamis Oriental its experience and track record in building sustainable mixed-use estates.
Ayala Land’s presence in Mindanao started about a decade ago through Abreeza estate in Davao and Alegria Hills in Cagayan de Oro.
It opened Ayala Malls Centrio within the Centrio estate, also in Cagayan de Oro in 2012.
Last year, the company launched Azuela Cove, a prime waterside estate also in Davao.