BCDA says 95% of Camp John Hay residential properties inked

BCDA has signed over 100 residential lease agreements. INQUIRER FILE PHOTO

MANILA, Philippines – The Bases Conversion and Development Authority (BCDA) has signed over 100 lease agreements in Camp John Hay in Baguio to date, equivalent to 95 percent of the residential units within the former American base.

The BCDA hopes to finalize and sign all residential lease contracts within this month.

“We are thrilled by the investors’ overwhelming support, trust and recognition of BCDA’s transformative power of repurposing state lands into spaces that fuel the nation’s progress. Our promise is that as we redevelop Camp John Hay, we will make sure that people and the planet are at the heart and center of our projects,” BCDA President and Chief Executive Officer Joshua Bingcang said in a statement.

The BCDA regained control of Camp John Hay last Jan. 6 following a landmark Supreme Court decision mandating the return of the property, including all the added constructions and permanent improvements, to the state-run organization.