P2.6B tourism estate to rise in Clark

CLARK FREEPORT— A new tourism estate will rise as a new South Korean partnership has recently broke ground on a 2.3-hectare area inside this Freeport Zone.

Dubbed as The Sharp Clark Hills, this P2.6-billion tourism-related project is Clark’s first premium residential town with 5 high-rise condominium buildings, 21 storey each with a total of 508 units. It is a new type of residential complex combining apartments and resorts.

The Sharp Clark Hills is set for completion by year 2020.

The project is a joint venture of South Korea’s POSCO Engineering and Construction Co. Ltd., (POSCO E&C) and JB Cresta that will put up the Sharp Clark Hills Corporation (SCHC). The company will be in charge with the development and construction of the state-of-the-art condominium buildings, including support amenities such as a clubhouse, swimming pool, gym, spa and other related facilities.

POSCO Engineering and Construction Co. Ltd., one of the largest construction firms in the world. Also designs highways, bridges, roads and airports. While JB Cresta Corporation, CFZ locator since 2007 as tourism, leisure estate developer.

In its website, “At POSCO E&C, we continue to distinguish ourselves with our success in new city and complex development projects, including the Songdo International Business District in South Korea and the North An Khanh New City in Vietnam, as well as in renewable energy projects, including solar, wind and tidal energy.”

Present during its groundbreaking ceremonies recently were: Yong Il Lee, executive vice president of POSCO E&C; Seung Sik Shin, representative of JB Clark Hills Corp.; Jung Hyub Lee project manager of SCHC and Evangeline Tejada, vice president for business development and business enhancement group of Clark Development Corporation (CDC).

CDC President-CEO Noel F. Manankil congratulated JB Cresta and its partner Posco E&C for expanding business in the Philippines particularly in Clark.

“Posco E&C’s entry here will not only enhance the beautiful landscape of Clark but will also define the Freeport’s attractiveness as a premier investment hub, said Manankil in a message read by Tejada.

“The upcoming presence of The Sharp Clark Hills will be an addition to the growing number of international brands that are choosing Clark as their new home,” said Manankil.
“The CDC is committed to maintain Clark as a liveable, vibrant and dynamic work and play destination,” Manankil added.
The project is expected to employ 500 construction workers during construction and 50-70 regular workers once fully operational.