{"id":38879,"date":"2016-12-22T18:13:41","date_gmt":"2016-12-22T11:13:41","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-could-be-the-dubai-of-the-philippines\/"},"modified":"2016-12-22T18:20:17","modified_gmt":"2016-12-22T11:20:17","slug":"this-could-be-the-dubai-of-the-philippines","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/this-could-be-the-dubai-of-the-philippines\/","title":{"rendered":"This could be the \u2018Dubai of the Philippines\u2019"},"content":{"rendered":"


\n500,000 jobs at stake
\nThe famous Manila Bay sunset. Sphinx Wang\/Shutterstock
\nAfter the \u201cSingapore of the Philippines,\u201d here comes the\u00a0country\u2019s version of Dubai.
\nManila 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 energy.
\nThe artificial islands will have an international cruise ship terminal as well as an artificial beach, among other proposed amenities. The development will offer a monorail system, precluding the need for traffic-congesting, carbon-emitting automobiles that have been a perennial problem for Metro Manila.
\nThe development will reportedly generate 100,000 jobs during the construction phase and up to 500,000 upon completion.
\nMore: How to own an island in the Philippines
\nThe project presents a beguiling alternative to overseas Filipino workers in a ceaseless quest for higher-paying employment prospects in the Middle East. Dubai alone is home to 450,000 Filipinos.
\nSolar City is on tap to generate up to PHP10 billion (USD200 million) in real property taxes for the Philippine government. It is one of 80 reclamation projects that are reportedly being fast-tracked under President Rodrigo Duterte in several coastal cities, including the Mactan North Reclamation and Development project in Cebu and a 108-hectare venture in Bacolod City.
\n\u201cThere will be more,\u201d Philippine Reclamation Authority chairman Alberto Agra said.
\nSolar City has been met with controversy since its conception in the early 1990s. Critics claim that the project flouts the National Integrated Protected Areas System Act of 1992, which forbids developments of such scale in the bay.
\nRead next: Why townships are the future of luxury living in the Philippines
\n
\nSource : property-report.com
\nRead more…This could be the \u2018Dubai of the Philippines\u2019<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

500,000 jobs at stake The famous Manila Bay sunset. Sphinx Wang\/Shutterstock After the \u201cSingapore of...<\/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-38879","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-a75","jetpack-related-posts":[{"id":32384,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-on-philippine-billionaires-battle-for-manila-airport-development\/","url_meta":{"origin":38879,"position":0},"title":"It\u2019s on: Philippine billionaires battle for Manila airport development","date":"October 31, 2016","format":false,"excerpt":"\r This. Is. War. (kind of) Ninoy Aquino International Airport. Tooykrub \/ Shutterstock.com It has been called by turns a \u201cbeauty contest\u201d and a \u201cfashion show.\u201d Competing proposals to develop a new international airport for Manila are brewing between two of the Philippines\u2019 highest-net-worth individuals. Henry Sy\u2019s Belle Corp will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60394,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developing-manila-2-0-in-the-philippines\/","url_meta":{"origin":38879,"position":1},"title":"Developing Manila 2.0 in the Philippines","date":"July 11, 2017","format":false,"excerpt":"\r Vivencio Dizon, CEO of the Philippine Bases Conversion and Development Authority, talks about how former military bases are being given new leases on life.\r \r Source : cnbc.com\r Read more...Developing Manila 2.0 in the Philippines","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39803,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-philippines-is-about-to-get-a-lot-more-investment-from-singapore\/","url_meta":{"origin":38879,"position":2},"title":"The Philippines is about to get a lot more investment from Singapore","date":"January 6, 2017","format":false,"excerpt":"\r Flights between the island state and the archipelago to increase too View of the skyline of Makati at sunset, in Metro Manila, Philippines. 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