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Ayala’s Avida Land Corp. (Avida), one of the fastest growing players in the highly competitive middle income housing segment has acquired a new property in Cagayan de Oro last year.

This is according to Ayala Land’s Annual Report for 2012. A screenshot of a portion of the report (page 26) is shown above which I highlighted the section stating the info. Avida is now constructing its first venture in the city with Centrio Tower. Could this new property be the former Vacation Hotel lot? Your guess is as good as mine…

Read the Full Annual Report HERE.

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