Colliers Radar: New opportunities in Pampanga seen

Over the years, Colliers has seen the proliferation of more office and residential hubs outside Metro Manila. In their view, this bodes well for the Philippine economy as more economic centers rise. This means that economic development also spreads outside of Metro Manila and this also indicates that property sector growth is broad-based and not just focused on a single location.

Colliers believes that this pace of progress has been facilitated by an improving infrastructure and overall local government competitiveness, as measured by economic dynamism, innovation, quality of manpower, resiliency, among other factors.

Undeniably, Metro Manila remains a major investment destination, but developers are setting their sights on other urban areas. This decentralization thrust is likely to be supported by the continued implementation of public projects outside Metro Manila. These include airports, bus rapid transits, as well as cargo and passenger railways.

The infrastructure projects implemented by previous administrations have dictated developer strategies. The implementation of key infrastructure projects nationwide has provided access to properties that could be redeveloped into mixed commercial, residential, hotel/leisure and industrial estates. These projects also helped the government bring economic opportunities to nearby areas such as Cavite, Laguna, Bulacan, Tarlac, and Pampanga in Luzon. In the Visayas region, Cebu remains the primary property investment hub, but other locations are starting to catch up with the likes of Iloilo and Bacolod cornering substantial investments from national and homegrown developers. In Mindanao, Davao remains the most attractive property investment destination. Overall, Colliers Philippines believes that developers will continue to venture into residential projects in second-tier, third-tier cities and municipalities all over the country, where demand comes from local end-users,as well as those based in Manila, but are looking to buy in their home provinces as second homes.

The markets may be smaller compared to Metro Manila but more stable in terms of end user housing demand.

With a thriving property landscape post-covid, Colliers also projects the development of offices, malls, hotels, and industrial parks outside of the capital region. Moving forward, the local government units will be competing for more investments and this competitive landscape should result in a more diverse Philippine property market, eventually benefiting investors and end-users.

Colliers said Pampanga is ripe for more luxury projects especially for the affluent market based in Angeles City and San Fernando. The development of more townships and infrastructure projects will likely further raise the attractiveness of luxury developments in Pampanga. The completion of big-ticket infrastructure projects in the next 12 to 36 months such as the NLEX-SLEX connector, Central Luzon Link Expressway (CLLEX), and Manila Clark Railway should also partly lift land values and property prices in the province.

Pampanga: A Resplendent Property Hub
Pampanga is ready for more industrial park developments given the presence of the newly-modernized and expanded Clark Airport. This should further be supported by a cargo rail project in the province.

ampanga is part of central Luzon which remains an attractive hub for manufacturers and other industrial locators. The expansion of industrial space in central Luzon especially in Pampanga will only result in a more active industrial sector in the region.

Colliers see Pampanga retaining its stature as one of the most competitive and attractive property development sites in north and central Luzon. National developers have expansive projects in the province. Colliers sees more aggressive development outside of key areas such as Angeles, San Fernando, Mabalacat, and Porac. The province also continues to attract foreign firms planning to develop horizontal residential projects catering to a growing end-user market. Some of these foreign companies have expressed interest to firm up joint ventures with local players in Pampanga. Download the latest report here:

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