With simultaneous implementation of various public and private developments to help decentralize and drive investments to other regions in the Philippines, more investors grow eager on Central Luzon as a potential economic vehicle for trade, commerce, tourism, and business activities in the Philippines.
Central Luzon is known for its thriving agriculture, hunting, forestry, and fishing industries. However, the recent emergence of real estate, renting and other business activities marks a new phase of growth and development for the region. Big property players are also taking notice of the region’s potential for business. Here’s why:
One of the Country’s Top Performing Economies
According to the Philippine Statistics Authority, Central Luzon is the third fastest growing economy in the Philippines, contributing 0.9% to the country’s 6.7% growth in 2017. The region’s sustained growth can be attributed to massive infrastructure investments in Pampanga. The expansion of the Clark International Airport and construction of the Clark-Manila Railway under the government’s BUILD, BUILD, BUILD program is designed to connect Central Luzon to the rest of the world. Once completed, these key infrastructure projects are expected to drive new investments from local and foreign entities who are looking to expand their businesses beyond the metro.
A total budget of 8.4 trillion pesos was allocated for the construction of bridges, expressways and other transit routes, with the purpose of expediting economic activity and improving the flow of capital, goods and people in the provinces. The government aims to complete 75 high-impact projects in the medium term.
The Growth of Pampanga
At the core of Central Luzon’s development is Pampanga. Forestry and Agriculture are the main sectors that drive its budding economy, accounting for 3.9% of the region’s growth as of 2017. With the province’s vast lands and thriving economy, it serves as Central Luzon’s economic powerhouse, making it a growing agro-industrial-commercial metropolis.
A Gateway of Commerce
The provincial capital of Pampanga, the City of San Fernando, is strategically positioned to become the next central business district in this region due to its rapid growth and upcoming developments. In anticipation of key infrastructure projects, property developers are expanding to build commercial, industrial and residential projects due to its advantageous location and direct access to seaports, airstrips, and metropolises that benefit all aspects of residential, trade, and tourism opportunities in the province.
The Next Tourism Hotspot
Central Luzon has long been a tourist destination for people who enjoy exploring the outdoors, beach hopping and gorging on good food. The landscape is bordered by picturesque mountains and intersected by small rivers flowing out to the Pampanga River. Located at the foot of Mount Arayat is the Banal na Bundok Dalan Ning Krus (the Holy Mountain Way of the Cross) where 14 Stations of the Cross can be found. Towards the east of Angeles City is the world-famous Mt. Pinatubo, a top destination for adventurers with its exciting 4x4 vehicle adventure and scenic landscape that can be trekked within a day. The white sand beaches of Anawangin Cove in San Antonio, Zambales is credited for starting the new wave of tourism in the region. There are also countless restaurants and bistros tucked away in the province, should one decide to pursue a gastronomical feast. A modest food shack in Angeles City, Pampanga, is believed to be the birthplace of everyone’s favorite sisig. Everything from exotic food to authentic signature Kapampangan dishes can be found in Pampanga, if one knows where to look. Vestiges of Pampanga’s ancestral villas also adorn the cityscape of San Fernando along with Spanish-era churches such as the San Guillermo Parish in Bacolor and Betis Church in Guagua, Pampanga.
A Land of Opportunity for Investors
If you are looking for a viable place to grow your business, look no further than Megaworld’s 36.5-hectare, mixed-use township project in the City of San Fernando – Capital Town Pampanga. This master planned project will have an array of features for a LIVE-WORK-PLAY-SHOP integrated lifestyle while preserving the rich cultural heritage of the area.
The Next Tourism Hotspot
Central Luzon has long been a tourist destination for people who enjoy exploring the outdoors, beach hopping and gorging on good food. The landscape is bordered by picturesque mountains and intersected by small rivers flowing out to the Pampanga River. Located at the foot of Mount Arayat is the Banal na Bundok Dalan Ning Krus (the Holy Mountain Way of the Cross) where 14 Stations of the Cross can be found. Towards the east of Angeles City is the world-famous Mt. Pinatubo, a top destination for adventurers with its exciting 4x4 vehicle adventure and scenic landscape that can be trekked within a day. The white sand beaches of Anawangin Cove in San Antonio, Zambales is credited for starting the new wave of tourism in the region. There are also countless restaurants and bistros tucked away in the province, should one decide to pursue a gastronomical feast. A modest food shack in Angeles City, Pampanga, is believed to be the birthplace of everyone’s favorite sisig. Everything from exotic food to authentic signature Kapampangan dishes can be found in Pampanga, if one knows where to look. Vestiges of Pampanga’s ancestral villas also adorn the cityscape of San Fernando along with Spanish-era churches such as the San Guillermo Parish in Bacolor and Betis Church in Guagua, Pampanga.
A Land of Opportunity for Investors
If you are looking for a viable place to grow your business, look no further than Megaworld’s 36.5-hectare, mixed-use township project in the City of San Fernando – Capital Town Pampanga. This master planned project will have an array of features for a LIVE-WORK-PLAY-SHOP integrated lifestyle while preserving the rich cultural heritage of the area.
Capital Town Pampanga offers a mix of everything to nurture the entrepreneurial spirit and talent of the community. The township’s safe and conducive atmosphere makes it an ideal destination for residential, commercial, and industrial projects. With Pampanga’s flexible business taxes and land use values, you can get the most out of your investment. Whether you are putting up a new branch for your enterprise or building a new concept store, your every business venture has a place in Capital Town Pampanga.
For more information about Capital Town Pampanga, contact +6317-144-8696, email info@capitaltownpampanga.com or like our Facebook page.
Sources:
http://rsso03.psa.gov.ph/article/central-luzons-2017-gross-regional-domestic- product-grdp-press-release
https://www.sunstar.com.ph/article/1744218
https://news.mb.com.ph/2018/03/23/what-is-build-build-build/
https://business.inquirer.net/244881/strength-central-luzon
https://www.thesummitexpress.com/2018/01/luzon-spine-expressway-duterte-traffic-decongestion-plan.html
https://www.sunstar.com.ph/article/136576
https://lifestyle.mb.com.ph/2017/06/29/sisig-debate-sizzles/
http://countrystat.psa.gov.ph/?cont=16&r=3
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