THE BASES Conversion and Development Authority (BCDA) signed a P5.1-billion agreement with a South Korean real estate investment management firm for a golf course and residential villa estate in New Clark City. Under the agreement, the BCDA, Korea Real Estate Investment & Trust (KOREIT) Asset Management, and Sky Blue New Clark City Golf & Resort […]THE BASES Conversion and Development Authority (BCDA) signed a P5.1-billion agreement with a South Korean real estate investment management firm for a golf course and residential villa estate in New Clark City. Under the agreement, the BCDA, Korea Real Estate Investment & Trust (KOREIT) Asset Management, and Sky Blue New Clark City Golf & Resort […]

BCDA signs Clark golf, residential project deal with KOREIT

2025/11/27 20:38

THE BASES Conversion and Development Authority (BCDA) signed a P5.1-billion agreement with a South Korean real estate investment management firm for a golf course and residential villa estate in New Clark City.

Under the agreement, the BCDA, Korea Real Estate Investment & Trust (KOREIT) Asset Management, and Sky Blue New Clark City Golf & Resort Corp. will develop a 150-hectare estate within the BCDA property.

“(The) development is set to create 1,200 direct and indirect jobs and boost the Philippines’ sport and tourism infrastructure,” the BCDA said in a statement Thursday.

The project, which will begin commercial operations by the first quarter of next year, will include an 18-hole championship golf course and clubhouse, a nine-hole extension and supporting facilities, and residential villas and related amenities.

It will be fully developed and managed by KOREIT through its Philippine subsidiaries Eagle-K GC Corp. and Eagle-K RV Corp.

BCDA President and Chief Executive Officer Joshua M. Bingcang said the partnership “reflects growing interest from international institutional investors in New Clark City’s long-term development plan.”

“KOREIT’s entry shows the level of confidence that major global investors place in New Clark City. This strengthens our investment pipeline and supports our goal of building competitive, sustainable growth centers,” he added.

The project is expected to generate economic activity in Tarlac and nearby areas, supporting local businesses and employment.

“The development is also projected to attract both domestic and international visitors, positioning New Clark City as a rising sports and lifestyle destination,” he said.

“This project goes beyond building new facilities. It creates jobs, opens opportunities for local communities, and supports regional growth. It is another step in making New Clark City a world-class, sustainable district,” he added. — Justine Irish D. Tabile

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Market Watches Pullback as Supply Unlock Approaches

Market Watches Pullback as Supply Unlock Approaches

The post Market Watches Pullback as Supply Unlock Approaches appeared on BitcoinEthereumNews.com. PI holds an upward structure as buyers defend key EMA and Fibonacci support zones. Upcoming unlocks may raise volatility as supply pressure tests short-term demand. Community anticipation grows as hints of a major Pi Network update fuel sentiment. Pi is retracing after reaching the $0.27 zone, and traders are watching how the price reacts as it moves closer to key Fibonacci regions that shaped last week’s rally. The recent rejection near the 0.786 level sparked short-term profit-taking.  However, the broader market structure still leans upward because higher lows continue to form across multiple timeframes. This trend keeps interest elevated as volatility builds around major Pi Network developments and the approaching unlock schedule. Besides, rising community expectations have added another layer of focus on how PI behaves in the coming days. Technical Outlook Suggests Controlled Pullback PI remains above the 9 EMA, which has acted as dynamic support throughout the recent breakout. Hence, traders now expect the current pullback to remain controlled as long as PI stays above the $0.2520 zone. This level aligns with SuperTrend support, signaling continued strength if buyers defend it during intraday dips. PI Price Dynamics (Source:TradingView) Additionally, the mid-range Fibonacci levels form an important cluster around $0.2495. This zone marks equilibrium for the current swing. A move toward $0.2382 may still attract strong demand because it overlaps with the previous consolidation area. However, losing $0.2227 would weaken the bullish structure and shift attention to lower ranges. Related: Ethereum Price Prediction: Rising Channel Hints at Ethereum Recovery On the upside, resistance at $0.2608 remains the first level traders are watching. A break above it may trigger stronger momentum toward $0.2769. A clean move above this zone could open a path toward the $0.2974 swing high, which stands as the next major objective for bulls. Unlock Cycle and…
Share
BitcoinEthereumNews2025/11/28 20:18