The Bases Conversion and Development Authority (BCDA) has finalized a ₱5.1-billion investment deal with Korea Real Estate Investment & Trust (KOREIT) Asset Management and Sky Blue New Clark City Golf & Resort Corp. for a landmark golf and villa estate in New Clark City—an upcoming development expected to create 1,200 jobs and strengthen the Philippines’ sports and tourism infrastructure.
KOREIT, through subsidiaries Eagle-K GC Corp. and Eagle-K RV Corp., will lead the full development and management of the 150-hectare estate. The project includes a 77-hectare 18-hole championship golf course and clubhouse, a 52-hectare 9-hole extension with support facilities, and dedicated areas for residential villas and amenities. Commercial operations of the golf course are targeted for the first quarter of 2026.
BCDA President and CEO Engr. Joshua M. Bingcang said the partnership reflects the growing confidence of international institutional investors in New Clark City’s long-term vision. He noted that KOREIT’s entry boosts BCDA’s investment pipeline and supports plans to develop competitive and sustainable growth centers.
The ₱5.1-billion project is expected to stimulate economic activity in Tarlac and neighboring provinces by driving tourism, generating jobs, and supporting local businesses. It is also envisioned to attract both local and foreign visitors, further positioning New Clark City as a rising sports, leisure, and lifestyle destination.
Engr. Bingcang emphasized that beyond infrastructure, the development will bring new opportunities for communities and contribute to regional progress. The project adds to New Clark City’s expanding lineup of public and private investments in sports, tourism, and real estate.
