Provincial Pulse Beats Stronger as Metro Manila Recalibrates

Last week, I discussed residential opportunities outside Metro Manila.

- Joey Roi Bondoc Director and Head of Research, Colliers Philippines

Among the more competitive regions are central and western Visayas, including Cebu, Iloilo, and Bacolod. This second part looks at key property destination hubs in Luzon.

Infrastructure developments that serve key areas outside of Metro Manila have been critical in stretching progress beyond the National Capital Region (NCR), including central and southern Luzon regions, where we have seen new and massive real estate developments that demonstrate the regions' rapidly expanding local economies.

CENTRAL LUZON'S PIVOT TO GROWTH

There's no doubt that Pampanga plays a pivotal role in sustaining the economic expansion of Central Luzon. Pampanga is definitely ripe for more property development projects, including leisure-oriented developments.

What also works for Pampanga is the presence of vital infrastructure projects that have been redefining the province's property landscape. The significant levels of public infrastructure investment over the past few years, coupled with the Luzon Economic Corridor initiative, have set the stage for further growth in Central Luzon. This is already evident with regional and national developers launching massive vertical and integrated communities, which will likely further raise the attractiveness of new commercial, residential, industrial, and hotel and leisure projects in the region.