Arca South is a 74-hectare planned unit development owned by Ayala Land, Inc. located at East Service Road, Barangay Western Bicutan, Taguig. It was formerly part of Food Terminal Inc. before being sold to Ayala Land. With the decline of FTI, there have been several attempts over multiple Philippines presidential administrations to sell off part of the property, including a public auction in 2009, but they all failed. In November 2012, the Philippine government announced the sale of the 74 hectares of the 120-hectare property to Ayala Land, Inc. for 24.3 billion Philippine pesos. Ayala plans to turn the property into a mixed-use development. Proceeds from the sale are pledged to the programs of the Department of Agriculture and the Department of Agrarian Reform. The remaining 46 hectares remains in FTI. More information...
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