Colliers Philippines has identified Central Luzon as a rapidly developing region with significant potential in real estate. The area benefits from its strategic location and ongoing infrastructure projects, making it an attractive destination for both investors and residents. Key factors driving this growth include the region’s robust economic activity, diverse real estate offerings, and increasing competitiveness. Notably, areas like Pampanga and Bulacan are gaining attention due to major developments such as the New Clark City and the upcoming Bulacan Airport.
This was announced by Colliers Philippines on August 20, 2024, at Hilltop, hosted by Filinvest Mimosa Plus, during the inaugural Central Luzon Property Market Briefing. The event provided a platform for insightful discussions, bringing together industry leaders and stakeholders to explore the region’s real estate opportunities. Among the attendees introduced to the media were Valine Aquino, Marketing Manager – Townships, Filinvest Alabang, Inc. and Joey Roi Bondoc, Director, Research Colliers Philippines
Colliers Philippines, a branch of the global real estate services and investment management company Colliers, offers a wide range of services including commercial real estate brokerage, property management, valuation and advisory services, project management, and investment services. Catering to various sectors such as office, retail, industrial, residential, and hospitality, they are known for their market insights and research reports on real estate trends, economic outlooks, and property forecasts. These reports help businesses, investors, and developers make informed decisions about the real estate market in the country.
Filinvest and Colliers International are actively involved in developing the Clark Mimosa+ Leisure City in Pampanga. Filinvest is investing significantly to transform the area into a premier mixed-use development with malls, office spaces, and hotels, positioning it as a key player in Central Luzon’s property market.
A surge in new residential projects in Pampanga is anticipated beyond 2022, driven by sustained demand, easing mobility restrictions, consistent remittances from overseas Filipino workers, and business expansion. Pampanga is increasingly becoming a preferred property investment destination outside Metro Manila due to significant infrastructure development and decentralization efforts.
Local developers with large landholdings but limited experience in master-planned communities should partner with national developers to create large townships. With major infrastructure projects like the NLEX-SLEX Connector, North-South Commuter Railway (NSCR), and the expansion of Clark International Airport set for completion in the next 12 to 36 months, developers are advised to strategically launch new projects to capitalize on rising property values in cities such as Angeles, Mabalacat, and San Fernando.
