Ayala Land Inc. on Thursday said it will spend some P10.3 billion to develop Ascenda, a 204-hectare, master-planned, nature-inspired development in Davao.
The said development will be done through a joint venture with the Floirendo family’s ANFLO Management and Investment Corp. (Anflocor), the company said.
‘Davao is truly a city on the rise, with its economic growth outpacing the national average. Major infrastructure projects-the Samal-Davao Bridge, the Coastal Road and the Davao Bypass Road – are unlocking new connectivity and opportunities.
Ascenda is well positioned to benefit from Davao’s momentum, providing Davaoeños new space to grow and an environment attuned to their modern, upgraded lifestyles,’ Anna Ma. Margarita B. Dy, Ayala Land president and CEO, said.
Ascenda marks a series of firsts for Ayala Land in the region. It is the first Ayala horizontal estate in Mindanao.
It will have the only Ayala Land Premier residential village, Virendo, in Davao. The estate is also the first major development that will benefit from the new Davao by-pass road, complementing the newly completed Coastal Road and Maharlika Highway system, cutting travel time from Davao City proper from 45 mins to 25 mins, and from Matina from 25 minutes to 15 minutes.
Ascenda is located in Davao’s Toril District, 16 kilometers from the city center. The estate is close enough for residents and businesses to connect with the busier side of Davao life but far enough to enjoy and commune with the peace and beauty of nature, which are front and center of Ascenda’s development philosophy.
‘Davao has been in Ayala’s radar since the 1970s,’ Dy said. ‘We were the first major property developer to invest in Davao City when we launched Insular Village in 1976. Then, in 2007, we developed Abreeza, and then Azuela Cove in 2017. Now the time has come for us to go full blast here in Davao with our largest estate development ever in the VisMin region.’
Ayala Land said it worked with acclaimed design firm Henning Larsen to shape the estate’s land use. Inspired by Singapore’s Bishan Park, which Henning Larsen redeveloped, the estate’s design preserves green corridors and waterways, integrates open spaces, and seamlessly weaves nature into the urban landscape. This thoughtful design not only enhances livability but also positions Ascenda as a model for sustainable and future-ready communities in the region.
It will have a 65-hectare Town Center, which features commercial district, an eco-park, among others.
‘We refer to Ascenda as ‘Davao’s Nature-Inspired Southern Gateway’ because it draws from Ayala Land’s experience in masterplanning large-scale suburban estates that place nature at the top of their value proposition,’ Dy said.