PHILIPPINES - Development of Subic Bay heats up

Asia Property Report - November 27, 2006

Philippines’ Subic Bay Metropolitan Authority (SBMA) will develop some 640 hectares of idle land to boost its tourism potential.SBMA administrator Armand C. Arreza said the idle land is directly connected to the Subic-Clark-Tarlac Expressway Project (SCTEP). He noted the SBMA will adopt the plan designed by Palafox industries, an urban development and planning group.

"The project will surely change the panorama of the entire Freeport zone," Arreza said.The planned "Gateway District" will have a 20,000 square metre convention centre, a 500-room hotel, condominium, shopping mall and golf course which will all be constructed at the main entrance of the Freeport zone linking to the STCEP.

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