Real estate business immensely grows in Bataan

BALANGA CITY, Bataan – Real estate business is flourishing in the Southern Bataan  amid reports of that the country’s largest food conglomerate is scouting for  lucrative industrial sites for the company’s  future expansion plan .

Sonny Quicho, a fishpond owner who owns several parcels of land located in the upper section of Orion town, said real estate agents are screening potential places and holding initial negotiations with the property owners of Orion, Limay, Mariveles and Bagac towns for the proposed construction of a highly-sophisticated power plant, manufacturing and processing industries, storage terminals and other facilities.

Quicho has predicted the latest strategy of the national government of discouraging locators and foreign investors to put up industrial and manufacturing firms in the highly-urbanized Metro Manila has benefitted the Bataan Peninsula which is gaining a top-level business reputation as an ideal and alternative premier investment hub in Central Luzon.

The coastal villages of Mariveles and Bagac towns have been identified as profitable sites for health tourism industry, housing and recreational projects, oil depot and port terminal sites, for the expansion of the Authority of the Freeport Area of Bataan (AFAB) of the 500 hectares Special Economic Zone of San Miguel Corporation (SMC) and shipyard facilities.

He added the proliferation of labor-intensive industrial firms in the seven economic zones in the province has encouraged real estate developers and land resources and management firms to undertake joint projects through the establishment of shopping malls, fast food businesses, housing subdivisions and other service-oriented enterprises.