P4.8B consortium develops 3,320 affordable housing units in New Clark City
A consortium of South Korean and Filipino companies is investing P4.8 billion to develop an affordable housing complex in New Clark City, with 720 units under the government's 4PH Program.
The project aims to address the housing shortage with a total of 3,320 units across 12 high-density buildings on a 6.1-hectare site.
Beyond housing, the development will include green spaces, road networks, and disaster-ready structures, aiming to transform New Clark City into a smart, sustainable metropolis.
The BCDA signed a memorandum of understanding in 2023 with the Department of Human Settlements and Urban Development (DHSUD) to build housing units within New Clark City, initially planning for 10,000 units.
Aside from residential units, the complex will also feature essential amenities such as retail spaces and sports facilities, aligning with the United Nations Sustainable Development Goals.
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