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Ayala to spend P90B for Cebu devt

AYALA Land Inc. (ALI) is set to invest around P90 billion for the development of its 26-hectare waterside development, South Coast City in Cebu City.

South Coast City is a consortium of Ayala Land, SM Prime Holdings Inc. and Cebu Holdings Inc., and is expected to house 'prime entertainment and commercial concepts' in Cebu.