Nudging its visibility across the entire region and accelerating its position as the Philippines’ fastest-growing business hub
This year, the Philippines hosted the 30th Southeast Asian Games in Metro Clark, which marked an opportunity to boost the area’s visibility for real estate investors, reported real estate advisory firm Santos Knight Frank, adding that it could also help maintain Clark’s standing as the fastest-growing business hub in the country.
“Hosting a big international event only works to a host city’s advantage if the area has the
essential ingredients for growth,” says Chairman & CEO of Santos Knight Frank Rick Santos.
“Metro Clark already has the fundamentals of a rising development and investment destination. The successful hosting of the SEA Games sends an important message that it is open and ready for business.”
The mentioned ingredients encompass the massive talent pool the area has to offer, its rapidly-developing infrastructures, as well as the huge mass of occupiers from several industries, particularly the BPO sector.
According to a Santos Knight Frank study, over 340,000 square metres of office spaces from six major developers will launch between 2019 to 2023, with the huge quantity of local talent as the main driving force.
Infrastructure is another crucial component that could prompt potential investments. Clark International Airport, for instance, is currently developing a new terminal to accommodate 8 million passengers yearly.
Furthermore, the number of established townships in the area, such as New Clark City, Clark Global City, Alviera, and Filinvest Mimosa+ Leisure City, would provide developers with an array of options for expansion in Central Luzon.
“There are huge opportunities in Metro Clark for all sectors of property,” says Associate Director for Investment & Capital Markets Kash Salvador.
“With Metro Clark as a hub, real estate investments are set to expand within the greater Central Luzon area and along the NLEX-SCTEX-TPLEX corridor. The connectivity brought by new infrastructures in northern Luzon will drive those markets to grow faster.”
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