Central Luzon on the rise

With a vibrant investment climate, the region is expected to grow with an expanding property sector

- CARLA MORTEL BARICAUA

With major infrastructure projects and a dynamic workforce, Central Luzon will continue attracting more property developments in the region, Colliers Philippines Senior Researcher Joey Bondoc mentioned.

At the recent business forum titled “Talakad: Central Luzon’s Economic Rise” held at the Clark Marriott hotel on April 23, Bondoc further discussed the progress and prospects of the region's property sector.

Bondoc cited key infrastructure developments such as the Skyway Stage 3, Central Luzon Link Expressway Phase 1, New Clark International Airport, and NLEX-SLEX Connector, as well as the MRT-7 scheduled to be completed in 2027, the Manila-Clark Railway in 2028, and the New Manila International Airport in 2029.

He also acknowledged that the talent and quality of manpower capable of handling outsourcing services in the region continue to entice BPO companies to locate in Bulacan and Pampanga. According to Bondoc, “About 60 percent of the population in Pampanga is from the 15 to 64 age group, which is gainfully employed and definitely contributing to the total economic output of Central Luzon.”

“Clark is a preferred destination of all these outsourcing companies,” added Bondoc. “We see a healthy supply of office space that will be completed in Pampanga beyond 2025. An average of 50,500 sqm of office space is set to be completed annually from 2025 to 2027.”