News Alert - Philippines Real Estate News
Korean developers on the rise in the Philippines
Asia Property Report
The state owned Clark Development Corporation (CDC) has recently signed a
lease agreement with a Korean real estate developer, called Koregon Villas
Inc, to build a US$49 million residential project in Pampanga, Philippines.
The units are being built ...
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The state owned Clark Development Corporation (CDC) has recently signed a lease agreement with a Korean real estate developer, called Koregon Villas Inc, to build a US$49 million residential project in Pampanga, Philippines. The units are being built on an 11,223-square-meter area on J.Abad Santos Avenue and will boast recreational facilities, paved roads and other amenities. CDC president Felipe Antonio B Remello is looking forward to the project and what the Korean company can bring to the area,
“The project will employ some 100 workers during its construction phase and another 150 employees during its full operations” he said.
Koregon Villas Inc will be the second Korean developer to move into Pampanga, Philippines. Earlier this month Korean firm JM Star Clark started construction on a 17,190-square-meter area for its tourism and residential development called Le J Village according to Manila Bulletin Publishing Corporation.