Avaland seeks more land as 3Q profit jumps 48%

Avaland Bhd chief executive officer Apollo Bello Tanco.

PETALING JAYA: Avaland Bhd, controlled by Philippine property giant Ayala Land Inc, is actively looking to buy more land in Malaysia to “bolster future earnings”.

At the moment, Avaland already owns a landbank of 194.4 acres across the Klang Valley, with an estimated gross development value of RM11.6bil.