Aseana City in new development push
THE 204-HECTARE Aseana City is being positioned to become the new Philippine tourism capital before the end of the decade, with the completion of landmark projects by local developers, and resort and casino owners within the next several years.
In a statement, DM Wenceslao & Associates Inc., the owner-developer of Aseana City, noted that the entry of property giant Ayala Land Inc., Japanese Pachinko tycoon Kazuo Okada, and Megaworld Corp.’s Andrew Tan dovetails with the company’s vision to “develop a new masterplanned growth center that would boost the offerings of the country to tourists and other locators.”
Delfin “Buds” Wenceslao, director of real estate for DM Wenceslao & Associates, noted that the completion in 2017 of ALI’s mall development and mixed-use project in the Manila Bay area is seen to hasten the growth of Aseana City. ALI leased a nine-hectare property, which will be developed into one of the country’s largest malls with an office and a hotel tower.
Expected next year meanwhile is the opening of a key resort project, the 40-hectare Tiger Resorts, being developed by Okada, while in 2018, Megaworld’s 31-hectare Resorts World Bayshore is also expected to start operations.
These three developments alone, the company added, are expected to boost daytime population at the Aseana City, which currently stands at about 40,000.
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