Philippines’ Ayala Land Halts Sales Of Luxury Residential Tower As Costs Surge Amid Iran War

Ayala Land started marketing the 67-story Laurean Residences in the fourth quarter of 2025, sensing strong interest in what would have been the country’s tallest residential skyscraper despite the ongoing over supply of condominiums in Metro Manila. The project reportedly generated sales of over 10 billion pesos ($170 million) before the company decided to pause the project.