19 Feb '18, 1am

New city in the Philippines investment-worthy?

A new city is rising in the Philippines. A “smart, green, disaster-resilient” city, it answers to President Rodrigo Duterte’s 8 trillion pesos (S$204 billion) “Build, Build, Build ” infrastructure programme. The Philippines New Clark City to be bigger than Manhattan The planning and building is expected to take about 3o to 40 years. But when it is done, the 9,450-hectare New Clark City will be bigger than Manhattan with a population of 2 million. It will be a new metropolis in the Clark Special economic zone featuring mixed-use residential properties, an agro-industrial park and an international food market. The city will also house national government agencies. Singapore’s part to play in this new development comes from Surbana Jurong . They have signed an agreement with the Philippines’ Bases Conversion and Development Authority (BCDA) and Japan Overseas Infrastructure I...

Full article: https://www.iproperty.com.sg/news/new-city-in-the-philipp...

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