Many leading experts continue to promote the potential of Metro Clark with JLL Philippines the latest to champion the region’s property market. The consultancy believes improved infrastructure will help support growth and make it an attractive alternative to Metro Manila.
“All roads lead to Clark. Improved infrastructure is being put in place to make it more accessible now – major highways such as the North Luzon Expressway and Metro Manila Skyway Stage 3, the Clark International Airport, and soon, the North–South Commuter Railway,” Ian Perez, JLL Philippines Director for Capital Markets, told the Manila Times. “Living in Metro Clark and working in Metro Manila central business district, and vice versa, has now become more viable,” he said, emphasizing that infrastructures are being built to make traveling between Metro Manila and Metro Clark take 45 minutes (one way).
Businesses in the Philippines have begun to explore viral diversification, or the need to be more geographical diverse to help them cope with future pandemics. This is another reason JLL Philippines is bullish on the potential of Metro Clark.
“(Businesses) have adopted a ‘hub-and-club model’ where they will maintain a head office (club) in Metro Manila for interactions such as client meetings and town halls and expand through satellite offices (hubs) in the provinces, which may be closer to where employees live. Metro Clark will serve as one of these hubs,” Perez stated.
2021 Urban Land Institute Asia-Pacific Summit celebrates the potential of Metro Clark
Clark was featured as a model city during the 2021 Urban Land Institute Asia-Pacific Summit with the organization hailing it as a smart, green and disaster-resilient metropolis. Real estate and land use professionals from around the world were given a virtual tour of Clark’s various investment and tourism facilities as well as learning about masterplans for the Clark International Airport, New Clark City and the Clark Freeport Zone.
The long-running summit champions innovative and unique urban developments in the region. The transformation of Clark into a global business hub was highlighted during the virtual tour. The area currently hosts more than 1,220 firms with major corporations, including Texas Instruments, Samsung, Yokohama and UPS International, now having a base in the city.
Read More: Clark hailed as a smart, green and disaster-resilient metropolis