Bulacan's astounding rise as a major real estate hub

Last week, I highlighted the growing viability of Tarlac as an ideal real estate market in Central Luzon.

- JOEY ROI BONDOC Director and Head of Research, Colliers Philippines and JOSE KARLO MANLAPAZ Research Intern, Colliers Philippines

Within the region, other provinces are emerging as viable hubs, with major developers aggressively landbanking to launch massive townships that feature offices, residential towers, malls, hotels, horizontal residential projects, and even expansive industrial parks.

Interestingly, some observers have noted that Bulacan was somehow bypassed by property firms' development initiatives. Outside of Metro Manila and towards the northern Luzon region, Bulacan was the practical choice. However, the late 2000s to early 2010s saw how major players such as Ayala Land launched residential towers and a mall in Angeles City in Pampanga. The good news is that Bulacan is starting to establish itself as an important property market in Luzon, with national players launching vertical as well as horizontal projects in the province.

Bulacan is still playing catch-up, but the foundations to ensure its sustained growth have already been laid. These game-changing indicators bode well for the province's long-term property growth.

BULACAN'S METEORIC RISE: CONNECTIVITY IS KEY