The most ambitious project of the Philippines in order to decongest Manila is to build a new city — Have a clean slate — 9,400 hectares — The New Clark City is envisioned to be the city of the future.
Watch the video below and see how the best minds from the private sector are working with the public sector to create the new Clark City. An excerpt from their 5 minute video expresses what they value the most — the future we will all share.
“Make no little plans, they have no magic to stir men’s blood… let your watch word be order and your beacon be beauty. Think big.” — Daniel Burnham
Watch President/CEO of BCDA, Vince Dizon and CEZA Administrator/CEO Atty. Raul L. Lambino as they talk about the ‘Build Build Build’ program and the New Clark City.
Clark Airport has seen passenger numbers surge following a state-sponsored initiative to encourage airlines to relocate part of their operations to the Pampanga gateway.
Its development forms part of the government’s goal to decongest Manila’s Ninoy Aquino International Airport, which is operating well beyond its design capacity.
The expansion of Clark Airport is underway, with the Megawide Construction Corp. and GMR Infrastructure consortium building a new passenger terminal that will increase its current capacity of four million passengers yearly to 12 million passengers by 2020.
The Clark Airport deal is the sole project in the Public- Private Partnership pipeline to be awarded in 2018, PPP Center officials said on Thursday.
It is also the first of the administration’s hybrid PPPs, which separates the construction and O&M components.
Udenna bought out the former developer of the area, Global Gateway Development Corporation last year for $1 billion. The transaction was supported through loans from the Bank of China, BDO Unibank and the Philippine National Bank.
- Supportive LGU
- Presence of Good infrastructure (airport, roadways, railways)
- Private Developers
50B peso — Subic Clark Railway Project (Completed 2022)
New Clark City Govt Admin Center — House for SEA Games this Nov 2019
9.36B Clark International Airport New Terminal (expansion) — June 2020
5.6B Clark International Airport Operations and Maintenance ( → Changi Clark)
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Relevant Disclosures:
1.) The Filinvest Mimosa + Leisure City is a joint development of FDC and its property arm, Filinvest Land (FLI)
$200-million minimum investment committed by FDC will cover a lifestyle mall, a five-star hotel and an events venue that will be built within the 201-hectare townscape, which is envisioned to become a premier leisure and business destination at the Clark Special Economic Zone (CSEZ).
The project also includes the renovation of existing Quest Hotel, two championship golf courses and villas.
This is seen to bring Filinvest Mimosa + Leisure City closer to its commitment to develop the area into a world-class tourist and gaming destination, while creating new employment, investment and entrepreneurial opportunities apart from boosting government income and the tourism industry.
2.) The Gotianun family-led Filinvest Development Corporation (FDC) reported first half net income of Php7.2B, a 45% increase vs. the same period in 2018. Majority of revenues, or 44%, were contributed by the property business — which includes both the real estate and hotel groups. Banking (38%), power (11%) and sugar (6%) contributed the balance.
The property segment was the main contributor to the group’s formidable growth. Commercial lot sales at Filinvest Alabang Inc. led to 85% growth in revenues and 152% growth in its net income. The hotel segment also played a solid role in the property group’s 1H performance, reporting 27% revenue growth. FLI delivered robust 28% growth in its rental revenues as its recurring income portfolio reached 595,000 square meters of gross leasable area (GLA) to date.
3.) 2017 Net Income = 10 Billion for FDC
Gotianun-led Filinvest Development Corp. (FDC) boosted net profit last year by 21 percent to P10.3 billion, driven by higher earnings from the banking, property and power generation businesses.
Group-wide revenues for 2017 increased by 15 percent to P67.6 billion last year, mostly contributed by banking (42 percent) and property (40 percent) segments and complemented by revenues from the power (15 percent) and sugar (3 percent) businesses
4.) 1Q18 = 2.8B Net Income for FDC
Watch these videos:
http://tv.philstar.com/filinvest-mimosa/
Filinvest Land has more than tripled its net income from P1.86B annually to as much as P6B in the last decade. Assets have increased from P53B to P145B with a healthy debt ratio of 0.8 (net debt to equity ratio).
Filinvest Land, Inc. (FLI) has more than 2,200 hectares of land bank nationwide. In addition, FLI has the right to develop 288 hectares in Clark Green City and another 201 hectares together with the leisure and hospitality arm of Filinvest Development Corp. at Clark Mimosa. Several land parcels are positioned to benefit from the various priority infrastructure projects of the government.
Recurring Income portfolio = 587,000 sqm by end of 2017
High Dividend Yield Ratio for Property Investment
22 office buildings = 348000 sqm GLA, end of 2018 it will be 524,000 or a growth of 51%. Cyberzone properties.
https://www.tradingview.com/x/amG4p5TS $FLI Chart since 2008 for reference
https://www.tradingview.com/x/L1m53Vbr $FDC Chart since 1983 for reference
Further Reference Readings:
http://www.filinvestland.com/wp-content/uploads/2018/04/2017-FLI-Annual-Report-FA.compressed.pdf
