Ayala Land Inc. said that it would sell 2,450 club shares priced between P510,000 and P850,000 each for the construction of recreational facility.

The 320-hectare property in Morong, Bataan, which is the Anvaya Club, offers residential lots and exclusive villas as well as beach club and golf course facilities.

The company is to rise as much as P1.9B from the sale of the club shares.

Ayala Land Inc. is constructing the project in 3 phases. [via]