BCDA triples investments to ₱7.7B in Q1 2025

Investments generated by the Bases Conversion and Development Authority (BCDA) more than tripled to ₱7.72 billion in the first quarter of the year, reflecting strong investor confidence amid the state-run firm’s intensified efforts to develop dynamic growth centers, particularly New Clark City in Tarlac and Camp John Hay in Baguio City. 

Total approved investments facilitated by the BCDA reached ₱7.72 billion from January to March 2025, a 209.9% jump from ₱2.49 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. 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,” BCDA President and Chief Executive Officer Joshua M. Bingcang said. 

Bulk of BCDA’s investment portfolio during the period came from local investors, contributing ₱5.81 billion, while the remaining ₱1.91 billion was infused by foreign investors. 

Among the major players 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 total project cost of ₱2.7 billion.

Another major investor is the Filipino-South Korean consortium composed of Sta. Clara International Corporation, Saekyung Realty Corporation, and Korea Overseas Infrastructure and Urban Development Corporation. The group has committed to invest ₱4.8 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. 

Four local corporations have also partnered with the BCDA for the continued development of the hospitality and food industries in Camp John Hay, following the government’s recovery of the 247-hectare leased area within this popular ecotourism zone. 

These include Stern Real Estate and Development Corp., which committed to invest ₱178 million for the continued lease and expansion of the iconic Le Monet Hotel and Filling Station food court. 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 ₱20 million in investments each, while Amare has committed ₱30 million. 

“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,” Engr. Bingcang said.

BCDA, a government instrumentality vested with corporate powers under Republic Act 7227, remains a major force in creating economic opportunities in the country through its establishment of integrated developments, dynamic business centers, and vibrant communities. 

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Reference: 

Leilani Barlongay-Macasaet                                         

Vice President for BCDA Public Affairs                   

09088998578