List of Licensed Real Estate Developers

 Nov 9 (Reuters) - Nine months ending Sept. 30, 2011. 

                         (in billion pesos) 

 Net income             5.23      vs     3.94 

 Revenue               32.63      vs    27.87 

 Note: Ayala Land Inc , the Philippines' largest property firm, 

is owned by conglomerate Ayala Corporation  . 

It is a builder of residential towers and enclaves, office buildings, 

and develops and operates malls and hotels. 

($1 = 43.1 pesos)