{"id":32384,"date":"2016-10-31T11:47:09","date_gmt":"2016-10-31T04:47:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-on-philippine-billionaires-battle-for-manila-airport-development\/"},"modified":"2016-10-31T12:21:39","modified_gmt":"2016-10-31T05:21:39","slug":"its-on-philippine-billionaires-battle-for-manila-airport-development","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-on-philippine-billionaires-battle-for-manila-airport-development\/","title":{"rendered":"It\u2019s on: Philippine billionaires battle for Manila airport development"},"content":{"rendered":"


\nThis. Is. War. (kind of)
\nNinoy Aquino International Airport. Tooykrub \/ Shutterstock.com
\nIt has been called by turns a \u201cbeauty contest\u201d and a \u201cfashion show.\u201d
\nCompeting proposals to develop a new international airport for Manila are brewing between two of the Philippines\u2019 highest-net-worth individuals.
\nHenry Sy\u2019s Belle Corp will be an equal partner with the USD50-billion joint venture, known as All-Asia Resources & Reclamation Corp, in developing an airport and economic zone at Sangley Point, a former US naval station south of Manila. Belle Corp, part of SM Group, will be joining China Communications Construction Co\u2019s dredging unit in the project, which will entail reclamation of a 2,500-hectare plot.
\nUpon hearing of Sy\u2019s proposal, Ang described, in a text message, that the competition will be akin to a \u201cbeauty contest,\u201d Bloomberg reported.
\nMore: Why townships are the future of luxury living in the Philippines
\nApparently, the venture will rival a proposal by Ramon Ang\u2019s San Miguel Corp, submitted as early as 2014, to develop the newest airport on reclaimed land by the Manila Bay.
\nAll-Asia has resubmitted its plans to the National Economic and Development Authority. President Rodrigo Duterte has reportedly verbally approved the venture.
\n\u201cWe will have a fashion show on who can present the best plan,\u201d Astro del Castillo, managing director at financial and investment advisory firm First Grade Holdings Inc, told Bloomberg. \u201cThe reputation of an investor is important, particularly in big-ticket projects. The interest in this bidding could draw attention to other government infrastructure projects.\u201d
\nRead next: How Davao became hot property in the Philippines
\n
\nSource : property-report.com
\nRead more…It\u2019s on: Philippine billionaires battle for Manila airport development<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This. Is. War. (kind of) Ninoy Aquino International Airport. Tooykrub \/ Shutterstock.com It has been...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-32384","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-8qk","jetpack-related-posts":[{"id":38879,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-could-be-the-dubai-of-the-philippines\/","url_meta":{"origin":32384,"position":0},"title":"This could be the \u2018Dubai of the Philippines\u2019","date":"December 22, 2016","format":false,"excerpt":"\r 500,000 jobs at stake The famous Manila Bay sunset. Sphinx Wang\/Shutterstock After the \u201cSingapore of the Philippines,\u201d here comes the\u00a0country\u2019s version of Dubai. Manila Goldcoast Development Corp (MGDC) is reclaiming three islands in Manila Bay to create Solar City, a 148-hectare mixed-use development that will run entirely on renewable\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":161972,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/abu-dhabis-nmdc-group-secures-610mn-contract-in-the-philippines\/","url_meta":{"origin":32384,"position":1},"title":"Abu Dhabi\u2019s NMDC Group secures $610mn contract in the Philippines","date":"October 2, 2025","format":false,"excerpt":"\r Awarded dredging and reclamation works as part of the development of the Harbor City Project in Pasay City, Manila Bay\r \r Source : arabianbusiness.com\r Read more...Abu Dhabi\u2019s NMDC Group secures 0mn contract in the Philippines","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/10\/NMDC-Group-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":10202,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/philippines-property-awards-2016-the-winners-list\/","url_meta":{"origin":32384,"position":2},"title":"Philippines Property Awards 2016: The Winners list","date":"April 8, 2016","format":false,"excerpt":"\r The 4th annual Philippines Property Awards gala was held at the prestigious Fairmont Makati Megaworld Corporation won four big awards including Best Developer (Philippines)\u00a0at the\u00a0Philippines Property Awards 2016 annual gala dinner held on Thursday evening, 7 April at the Fairmont Makati.\u00a0The Dr Andrew L Tan-led company also collected 13\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108749,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/2019-philippines-property-awards-winners\/","url_meta":{"origin":32384,"position":3},"title":"2019 Philippines Property Awards Winners","date":"July 5, 2019","format":false,"excerpt":"\r The Philippines\u2019 finest developers from Luzon, Visayas and Mindanao have been accorded the real estate industry\u2019s highest honours at the 7th Annual PropertyGuru Philippines Property Awards, presented by global brand Kohler at an exclusive gala dinner and ceremony on Friday, 5 July 2019, at the Fairmont Makati hotel. Cebu\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":14444,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/philippine-mall-chain-sm-prime-eyes-southeast-asian-domination\/","url_meta":{"origin":32384,"position":4},"title":"Philippine mall chain SM Prime eyes Southeast Asian domination","date":"May 26, 2016","format":false,"excerpt":"\r The 2014 Best Developer (Philippines) winner is looking at its ASEAN neighbours for expansion opportunities SM City Xiamen in China (image credit: Manila Bulletin) Managing a total retail space of 7.3 million sqm, Manila-based property conglomerate SM Prime Holdings Inc seems to be casting its net even wider. In\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29357,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-davao-became-hot-property-in-the-philippines\/","url_meta":{"origin":32384,"position":5},"title":"How Davao became hot property in the Philippines","date":"October 10, 2016","format":false,"excerpt":"\r Duterte\u2019s former stronghold goes from strength to strength as Manila property firms pivot south Image: Dmitry Kaminsky\/Shuttershock To witness how Davao stands out, a visitor only needs to be there on New Year\u2019s Eve. Thanks to a firecracker ban, revellers toot horns and clang pots. It\u2019s a little less\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/32384"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=32384"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/32384\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=32384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=32384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=32384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}