BCDA investments tripled to P7.72B as of March 2025
BCDA has signed over 100 residential lease agreements. INQUIRER FILE PHOTO
MANILA, Philippines–Investments facilitated by the Bases Conversion and Development Authority (BCDA) surged to P7.72 billion in the first quarter of 2025, more than triple the amount from the same period last year, with local investors contributing the majority of the total.
In a statement on Saturday, the government-owned and controlled corporation reported that investments generated from January to March surged by 209.9 percent from the P2.49 billion recorded in the same period 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,” BCDA president and chief executive officer Joshua Bingcang said in a statement.
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“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,” he added.
The BCDA said local investors dominated its first-quarter investment portfolio, contributing P5.81 billion, or 75.26 percent of the total.
Foreign capital comprised the remaining P1.91 billion, representing 24.74 percent.
Among the notable investors is Science Park of the Philippines Inc., which signed a 50-year lease to develop a 100-hectare industrial park in New Clark City. The project carries a total cost of P2.7 billion.
A Filipino-South Korean consortium, composed of Sta. Clara International Corp., Saekyung Realty Corp. and Korea Overseas Infrastructure and Urban Development Corp., also committed P4.8 billion to build an affordable housing complex in New Clark City.
