Investments generated by state-run firm Bases Conversion and Development Authority (BCDA) more than tripled to P7.72 billion in the first quarter, driven by strong interest in its New Clark City and Camp John Hay properties.
BCDA said approved investments reached P7.72 billion from January to March 2025, a 209.9 percent jump from P2.49 billion in the same quarter last year.
“The BCDA’s strong performance is a testament to the private sector’s steadfast confidence in the long-term potential of our economic zones, including New Clark City and Camp John Hay,” BCDA President and Chief Executive Officer Joshua M. Bingcang said in a statement.
He said these “high-impact investments will surely help spur increased business activity and drive economic growth, providing more employment and livelihood opportunities for the local communities.”
The state-run firm said bulk of its investment portfolio during the period came from local investors, contributing P5.81 billion, while the remaining P1.91 billion was poured in by foreign investors.
Among the major contributors, BCDA noted, is Science Park of the Philippines Inc., a local real estate developer that signed a 50-year contract lease for the development of a 100-hectare industrial park in New Clark City with a project cost of P2.7 billion.
Another major investor is the Filipino-South Korean consortium composed of Sta. Clara International Corp., Saekyung Realty Corp., and Korea Overseas Infrastructure and Urban Development Corp.
According to BCDA, the group has committed to invest P4.8 billion to build an “affordable” housing facility in New Clark City, a portion of which will be allocated for the Marcos administration’s Pambansang Pabahay Para sa Pilipino Program.
Meanwhile, in Camp John Hay, BCDA said four local corporations have also partnered with the state-run firm for the continued development of the hospitality and food industries, following the government’s recovery of the 247-hectare leased area within this ecotourism zone.
“These include Stern Real Estate and Development Corp., which committed to invest P178 million for the continued lease and expansion of the iconic Le Monet Hotel and Filling Station food court,” BCDA said in a statement.
Food and beverage firms Top Taste and Trading Inc., Amare La Cucina, and Prime Collective Corp. have also signed agreements to establish new restaurants and cafes in the area.
“Both Top Taste and Prime Collective have pledged P20 million in investments each, while Amare has committed P30 million,” the state-run firm noted.
“As we continue to build inclusive, sustainable, and future-ready cities, we invite more investors to explore vast opportunities within our ecozones and to become partners in driving transformative, game-changing projects that will help shape the future of our nation,” Bingcang said.
