The Bases Conversion and Development Authority has doubled down on its efforts to address concerns of stakeholders at Camp John Hay (CJH), particularly its members and investors, casting their apprehensions aside for a robust investment climate.
This, even as investments reached P1 billion after the state-run firm has taken full control of the 247-hectare prime property for business and leisure starting January this year. It has rested possession of the historic former US military rest and recreation facility as the Supreme Court ruled in favor of the BCDA.
BCDA Chairman Hilario Paredes has made sure to personally attend to concerns of stakeholders, the most recent of which is the meeting with Korean nationals who were impacted by the changes in management and operation of the famed travel and golf destination.
“We recognize the difficulties this situation brings, and we want to reassure our Korean friends that we are here to offer the support needed during this time of transition,” said Atty. Paredes. His words reflect the BCDA’s dedication to ensuring that the welfare of all those involved remains a top priority.
Atty. Paredes further emphasized the BCDA’s unwavering commitment to providing the necessary support, ensuring that every individual affected is given the attention and assistance they deserve.
“Our team is working tirelessly to facilitate a smooth process, and we deeply appreciate your patience, understanding, and cooperation,” he added.
This initiative reinforces the BCDA’s mission of building stronger relationships and fostering an inclusive, supportive environment for all.
The High Tribunal ruling reinstates full BCDA control of the prime property that was once the R and R (rest and recreation) camp of US military troops. It includes The Manor, the Forest Lodge, the CAP Convention Center, Commander’s Cottage, open spaces, and other areas.
With the ruling, all land and improvements in the property, whether directly held by CJH Development Corp (CJHDC), its subsidiaries and/or affiliates or occupied/held by other individuals or parties claiming rights under them, have been ordered to be turned over to the BCDA immediately.
BCDA reported that it had already signed 75 residential and commercial lease agreements in Camp John Hay, totaling around ₱1 billion in investments.
Some of the major industry players and small- and medium-enterprises that have already begun to pour in investments in Camp John Hay are Metro Pacific Investments Corporation (MPIC) subsidiary Landco Pacific Corporation, Stern Real Estate Development Corporation, Amare La Cucina, Golfplus Management Inc. (GMI), DuckWorld Philippines, and Top Taste Trading Inc.
Of the 75 contracts signed in two months, 70 were residential lease agreements signed with local and foreign nationals, including Koreans, while the remaining were commercial lease agreements.
At the 9,450-hectare New Clark City in Tarlac, the BCDA has also partnered with a Korean-led consortium for a low-cost residential complex that would help address the Philippines’ housing needs.
Another Korean company – Hann Group – has also started to develop a 450-hectare property at NCC. The Hann Reserve will feature luxurious brands in resorts, hotel, gaming and golf industry under its US$4- billion investments.
