ALI denies reports regarding property development in Sagada !-- -- Iris Gonzales (The Philippine Star) - December 24, 2019 - 12:00am MANILA, Philippines Ayala Land Inc., the listed property developer of the Ayala Group, has no plans to develop a property in Sagada, Mountain Province, a relatively preserved town in the Cordillera mountains.

In a statement yesterday, ALI said "it has no plans for acquisition and development in the town of Sagada." ALI made the clarification after reports circulated on social media that the property giant is developing a 20-hectare property in Batalaw "for rest and recreation purposes.

" Sagada residents, in a statement, said they are opposing the entry of Ayala Corp. and other big businesses in their town.

They said there is a municipal council resolution affirming the established cultural rule in Sagada which prohibits the sale of land to outsiders, according to an article on nordis.net.

The article also said the Sagada town council passed resolution 203-2019 calling on Mayor James Pooten to order the municipal assessor to refrain from processing any survey and the transfer and revision of tax declarations "with sweeping and unimaginable land areas." The moratorium also includes lands that used "natural landmarks and names of places as boundaries on their tax declarations," the article also said.

"Particularly, it urged the mayor and concerned offices to stop the processing of sale or transfer of lands and tax declarations under the name of Julia Agayyo. The legislators also discouraged prospective buyers of the land, underscoring that Agayyo's land claim in Kanipawan, Sagada is "fraudulent," the article said.

"The subject declaration in the name of Julia Agayyo being a sweeping declaration with an unimaginable land area coupled by the fact that it merely used names of places or natural landmarks as boundary, speaks of itself that it is not real of true, but was made only for convenience purposes other than ownership" the resolution stated as quoted by the article. ALI is one of the country's biggest property developers.

It is behind many malls, condominiums and many tourism projects across the country. In Palawan for instance it owns the exclusive El Nido Resorts.

© Pakistan Press International, source Asianet-Pakistan