New Clark City

The Philippines most ambitious urban development project -- a planned city for 1.2 million people that is currently a construction site with world-class sports venues and not much else.

Updated March 10, 20266 min read

About New Clark City

New Clark City is either the Philippines greatest urban planning opportunity or its most expensive real estate gamble. The BCDA vision is a 9,450-hectare sustainable city in Capas-Bamban designed to decongest Metro Manila by relocating government offices. The 2019 SEA Games facilities proved the concept, and 840 affordable housing units recently broke ground. The reality: near-zero civilian population, no commercial establishments, no schools, no hospitals. Lots are marketed at PHP 10K-25K/sqm with no rental income possible and appreciation entirely dependent on continued government investment. For a small portfolio allocation (5-10%), New Clark City lots represent an asymmetric bet: limited downside if the project stalls, potentially transformative upside if government follows through. But this is firmly a 15-20 year wait.

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Location

New Clark City in Clark, Tarlac Province, Philippines

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Figures are indicative and subject to change. Regulations, taxes and market conditions vary by jurisdiction. Do your own due diligence and seek independent legal and financial advice.

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