BCDA, Korean firms to build P5.1-B golf estate
THE Bases Conversion and Development Authority has partnered with Korea Real Estate Investment & Trust Asset Management and Sky Blue New Clark City Golf & Resort Corp. to develop a 150-hectare golf and residential estate, securing a P5.1-billion investment expected to boost tourism and generate new jobs.
PHOTOGRAPH COURTESY OF Bases Conversion and Development Authority
The Bases Conversion and Development Authority (BCDA) has partnered with South Korean real estate firms for a P5.1-billion premium golf course and residential villa estate in New Clark City.
Korea Real Estate Investment & Trust (KOREIT) Asset Management and Sky Blue New Clark City Golf & Resort Corp. will collaborate with BCDA to develop the 150-hectare project, which includes a 77-hectare 18-hole championship golf course with clubhouse, a 52-hectare 9-hole extension, residential villas, and supporting facilities. Commercial operations are targeted for the first quarter of 2026.