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​Central Luzon new ‘epicenter’ for property investments

If you build it, they will come north of Manila.
The convenience of transport made possible by the improved North Luzon Expressway (NLEx), the scenic Subic-Clark-Tarlac Expressway (SCTEx) and the planned expansion of the Clark International Airport (formerly Diosdado Macapagal International Airport) has been largely responsible for jumpstarting property developments and attracting local and foreign investments in Central Luzon northward.

For the past couple of years, local property giants have staked their claims in this wide 21,470-square-kilometer swath of land that encompasses seven provinces (Aurora, Bataan, Bulacan, Nueva Ecija, Pampanga, Tarlac and Zambales). Examples are Ayala Land’s Marquee Residences in Angeles, Pampanga; Robinsons Land’s nine housing developments in Pampanga, Tarlac and select locations in Northern Luzon (Ilocos Norte and Laoag City); and Ayala Land Premier’s Anvaya Cove in Morong, Bataan.
Foreign investors have also been eyeing the Central and Northern Luzon regions, according to property consultant CB Richard Ellis. The firm said investors were particularly focused on the Clark and Subic Freeport Zones, and on strategic locations in the Northern Luzon Urban Beltway (NLUB). In the pipeline for the region are mixed-use developments, an aeropark, a business park, hospitals, leisure tourism estates, condominiums, golf courses, an ecopark, an international school and a shopping arcade.


CBRE’s “The Central Luzon Market” report, furnished to Inquirer Property last week, indicated that the NLUB has been “transforming its landscape into a high potential investment destination” and that this has been “brought about by infrastructure developments that paved way to increased economic activity in Central Luzon as businesses started expanding from Metro Manila to its peripheries.”

CIA new gateway to PH
The key project that the region’s development hinges on, according to CBRE, is the Clark International Airport, which was built in 2008 and is up for significant expansion. CIA has been “envisioned to be the primary international gateway of the country, with the Ninoy Aquino International Airport (Naia) already operating at maximum capacity,” said the report.
CBRE added that CIA is expected to increase its passenger capacity to more than 2 million annually. The government is studying the possibility of maintaining the two main airports (CIA and Naia) side by side, or just designating CIA as the country’s main airport.
“Anticipating these developments, investors are now pouring in multiple high-value investments in Clark and Subic Freeport Zones and in other areas of the NLUB,” the report said.
CBRE cited as an example Clark’s upcoming Global Gateway Logistics City, a 177-hectare mixed-use development composed of a logistics park, an aeropark, a business park and a neighborhood town center. Once completed, the development will also feature a 150-bed tertiary hospital, which will be leased, equipped and operated by The Medical City starting this year.
Donggwang Clark Corp., a South Korean firm, has likewise started construction of its 304-hectare leisure tourism estate. Its three-tower condominium complex was turned over in 2012, and the construction of its 36-hole golf course and clubhouse has commenced.


Other projects to be developed within the complex include a water park, spa and gymnasium, ecopark, business center, specialty stores and function rooms, an international school, a golf academy and driving range, a clinic and drugstore, a hotel, casino, a 500-unit villa complex and a shopping arcade.
The rapid property developments have resulted in Central Luzon’s prominent economic standing. The CBRE report said: “Central Luzon is now the third biggest contributor to the national economy with 9.1-percent share of the GDP in 2010. In 2011, the region posted the highest Gross Regional Domestic Product growth in the country at 11.9 percent, higher than the National Capital Region (7.5 percent) and Calabarzon (5.6 percent).”
It added: “The labor pool is one of the region’s core competencies. A total of 56,800 tertiary graduates were recorded in 2012, making it the second largest source of labor next to NCR.”


Read more: https://business.inquirer.net/121275/central-luzon-new-epicenter-for-property-investments#ixzz6r9kzP2cr
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  • Home
  • Properties in Pampanga
  • House and Lot
    • San Fernando >
      • Aspire Prime Residences
      • Amaia Scapes San Fernando
      • Bria Homes San Fernando
      • The Hauslands Pampanga
      • Park Place
      • La Aldea Fernandina
      • Horizon Residences
      • Montana Strands
      • Montana Views
      • Woodgrove Park
      • Sendara Plains
    • Mexico >
      • Lakeshore
      • Flavorscapes at Lakeshore
      • The Palms at Lakeshore
      • Berkeley Residences Pampanga
      • Camella Sorrento
      • Beverly Place
      • Fiesta Communities Mexico
      • Ajoya Pampanga
      • Amaia Scapes Pampanga
    • Angeles >
      • Nouveau Residences
      • Aldea Grove Estates
      • Mansfield Residences
      • Timog Residences
      • Deca Clark Resort Residences
      • Solana Frontera
    • Mabalacat >
      • Cheerful Homes
      • Austine Homes
      • Claremont
      • Fiesta Communities Mabalacat
    • Porac >
      • Alviera >
        • Corvia
        • The Greenways
        • Montala
        • Northdale
        • Greendale
      • The Arcadia
      • Camella Pampanga (Porac via Angeles)
    • Magalang >
      • Bria Homes Magalang
      • Phirst Park Homes
      • Highview Haciendas
    • Bacolor >
      • Hampton Orchards
      • Solana Casa Real
    • Minalin >
      • Highview Residences
    • Apalit >
      • Camella Apalit
    • Floridablanca >
      • Madison Homes
  • Condo
    • San Fernando >
      • Azure North
      • Capital Town >
        • Chelsea Park Place
        • Bryant Parklane
        • Montrose Parkview
        • Shophouse District
    • Angeles >
      • Rockwell Center Nepo Angeles
      • Now Residences
      • Bayani Hall Twin Towers Angeles
      • Jewel Residences
    • Clark >
      • Green Garden Clark
      • Besco Clark Residences
      • Golf Ridge Private Estate
  • Inquiry
  • News and Events
    • Revolution Precrafted pushes design democratization
    • Revolution properties has designer homes, now precrafted for ease of access and at a fraction of the cost
    • Your First Look At The Designer Prefab Homes Coming To Manila
    • World’s first livable art park is here
    • Century Properties to launch P10.6-billion projects through 2018
    • Century Properties’ 1st tourism project rakes in P1.7B sales
    • Precrafted homes to rise in Pampanga
    • PH company in $3.2-B deal with Dubai firm
    • Seven Tides seals $3.2bn deal to build luxury villas
    • Tie-up sealed for building homes, stores in Lakeshore
    • Robbie Antonio's Unicorn Startup Seals $3.2-B Deal to Build Luxury Villas in Dubai
    • Revolution Flavorscapes Launch
    • Robbie Antonio's Unicorn Startup Seals $3.2-B Deal to Build Luxury Villas in Dubai
    • Philippine unicorn Revolution Precrafted enters Myanmar in pact with KT Group | Revolution Flavorscape
    • Philippines' first 'unicorn' disrupts property business
    • BCDA AND JAPAN INK PARTNERSHIP WITH SURBANA JURONG OF SINGAPORE FOR FULL DEVELOPMENT OF NEW CLARK CITY
    • ​Revolution Flavorscapes at Lakeshore: The World's First Livable Food Park
    • September Update
    • Pampanga, a perfect place for investment – Enrile
    • Clark investments, attractions continue to increase
    • A Promising Real Estate Landscape in the City of San Fernando, Pampanga
    • Smart investments beckon in Pampanga
    • The 8 Best Investment Locations in the Philippines for 2020
    • The rise of the Pampanga megalopolis
    • Central Luzon new ‘epicenter’ for property investments
    • Central Luzon is top PHL investment destination
    • Central Luzon tops 2020 investments thanks to Bulacan airport project
    • The rise of Clark
    • ALI invests P18 billion in Tarlac City estate
    • ALI hits a ‘Cresendo’ of great excitement
  • Blogs
    • Revolution Flavorscapes Lakeshore
    • Revolution Flavorscapes in Lakeshore Pampanga
    • Revolution Flavorscapes at Lakeshore Mexico Pampanga
    • Revolution Flavorscapes Project Overview
    • Revolution Flavorscape
    • Grand Family Palooza August 11, 2018 event
    • Revolution Flavorscapes Lakeshore Pampanga
    • Rockwell Nepo Angeles
    • Beverly Place | Settle in Pampanga
    • Ajoya Pampanga |. Discover your home for life at our Ajoya developments!
    • Rockwell to bring luxury brand to Angeles, Pampanga | Rockwell Nepo
    • Rockwell gains foothold in Angeles, Pampanga | Rockwell Nepo
    • Rockwell eyes P6.7-b sales in Angeles City | Rockwell Nepo
    • ROCKWELL READIES ANGELES DEVELOPMENT | Rockwell Nepo
    • Rockwell, TGN Realty Ink Deal To Develop Land In Pampanga | Rockwell Nepo
    • Rockwell To Start Developing Angeles Project | Rockwell Nepo
    • Rockwell Land to develop Pampanga mixed use project | Rockwell Nepo
    • Rockwell to launch Pampanga project | Rockwell Nepo
    • Golf Ridge Private Estates | Filigree