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Louella Desiderio - The Philippine Star
November 29, 2025 | 12:00am
MANILA, Philippines — South Korean real estate investment management firms are investing P5.1 billion in the development of a premium golf course and residential villa estate in New Clark City, Tarlac.
In a statement, the Bases Conversion and Development Authority (BCDA) said that it has secured investments from Korea Real Estate Investment & Trust (KOREIT) Asset Management and Sky Blue New Clark City Golf & Resort Corp.
KOREIT’s Philippine subsidiaries Eagle-K GC Corp. and Eagle-K RV Corp., will undertake the development and management of the 150-hectare estate.
Of the total area, 77 hectares will be allocated to an 18-hole championship golf course and clubhouse, while 52 hectares will be reserved for a nine-hole extension.
It will also have residential villas and related amenities.
Commercial operations of the golf course are targeted to start by the first quarter of next year.
The project is expected to support employment generation by creating 1,200 direct and indirect jobs.
BCDA president and CEO Joshua Bingcang said the partnership shows foreign firms’ growing interest 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 said.
Apart from promoting economic activity in the area, the project supports the BCDA’s efforts to position New Clark City as a rising sports and lifestyle destination.
“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,” Bingcang said.
The BCDA is promoting New Clark City as a green, smart, sustainable and disaster-resilient metropolis.
