How to acquire long-term lease of prime properties in Philippines Clark Freeport for business or residential projects
Philippines Clark field otherwise known as Clark Freeport Zone or Clark Airbase is normally a quiet and laidback town. But it is this peaceful suburban ambience that makes this highly developed city so attractive to investors looking for land within a safe and secure compound for business and residential projects.
It is fairly well known among local and foreign investors that Clark has many unique qualities making it an attractive investment opportunity for a wide variety of businesses. Clark Philippines’ Clark Freeport Zone located in Pampanga just 90 minutes north of Manila is on the radar screen of Manila-based businesses looking for destinations to expand or just to relocate their businesses.
For individuals and families living in Manila, Clark Freeport Zone represents a serious option for relocation. Ample job opportunities and a far better quality of life are reasons enough for Manila residents to relocate to Clark.
Much has been written and published to promote Clark as a destination or enumerate all its virtues, tax and other advantages and special qualities that have attracted businesses and individuals to establish themselves in this city. This article serves to keep would-be investors planning to acquire land within Clark Freeport Zone for business development informed of land available for lease in primary locations within this city.
Many large and small investment projects have materialized in this Freeport City causing not only its economy but also that of its neighbors like Angeles City and other cities in Pampanga to grow and prosper also. But despite all its virtues, unique qualities and attractive investment conditions, Clark Freeport Zone has not realized its full potential. Keen observers and analysts attribute that to one major obstacle that has prevented Clark from overtaking Manila. That obstacle is bureaucracy.
Leasing Land in Clark Freeport Zone
All projects and business investments in Clark starts with the leasing of land within Clark Freeport Zone. Briefly there are two ways for businesses: (1) enter into a lease agreement directly with the government organization called Clark Development Corporation or CDC which is the administrator of Clark Freeport Zone, or (2) take over a part of or the entire leasehold property of an existing locator.
Clark Freeport Zone is controlled by a government entity called Clark Development Corporation or CDC. CDC administers leases, regulates businesses and presumably promotes Clark as a preferred investment destination. Like just about all other government agencies here, CDC is burdened by excessive bureaucracy aggravated by frequent changes of top management. Frustrated would-be investors have turned away feeling unwelcome or disappointed with the treatment and poor services of this organization. Steps are being taken by CDC to rectify flaws in the organization and in time this problem should come under control. In the meanwhile many investors took the option of acquiring leases from existing businesses – called “locators” – inside Clark Freeport Zone and successfully started and even completed their projects without being overburdened by the infamous bureaucracies.
38-year-Lease on Choice Properties in Clark Freeport Zone
Prime property called Lot A located in the prime location of Clark Freeport Zone is suitable for commercial, residential, hotels/resorts and recreational projects. This property is accessible from P Kalaw Street and Creekside Road.
Landmark within vicinity: Clearwater Resort and Country Club
Actual Land Area: 7000 square meter
Development: Enclosed by walls on three sides
Utilities: Tapping point available for power and water
Lease expires 2050, renewable for 25 years subject to mutual agreement with CDC
Price: US$900,000 one-time payment
Method of Acquisition: Acquire the shares of a company that holds the lease with CDC to this property
Revenue Sharing (payment to CDC): 3% of gross profits or 7% of gross revenues whichever is higher.
Prime property called Lot B located in the prime location of Clark Freeport Zone is suitable for commercial, residential. hotel/resort and recreational projects. This property is accessible from P Kalaw Street at one end and Centennial Road from the other.
Landmark within vicinity: Clearwater Resort and Country Club
Actual Land Area: 22,000 square meters (2.2 hectares)
Development: none
Utilities: Tapping point available for power and water for temporary use
Lease expires 2050, renewable for 25 years subject to mutual agreement with CDC
Price: US$1,900,000 one-time payment
Method of Acquisition: Acquire the shares of a company that holds the lease with CDC to this property
Revenue Sharing (payment to CDC): 3% of gross profits or 7% of gross revenues whichever is higher.
Prime property called Lot D located in the prime location of Clark Freeport Zone is suitable for commercial, residential, recreational, hotels/resorts as well as warehouse and light industrial projects. This property is accessible from its 200m frontage to Centennial Road.
Landmark within vicinity: Texas Instruments at the back, Liberty Interiors Shopping Mall to the side
Actual Land Area: 30,000 square meters (3 hectares)
Development: none
Utilities: Tapping point available for power and water
Lease expires 2050, renewable for 25 years subject to mutual agreement with CDC
Price: US$2,700,000 one-time payment
Method of Acquisition: Acquire the shares of a company that holds the lease with CDC to this property
Revenue Sharing (payment to CDC): 3% of gross profits or 7% of gross revenues whichever is higher.
48-year-Lease on Choice Properties in Clark Freeport Zone
Leases on a small number of properties of areas from 3000 square meters to 25000 square meters are now available for acquisition in prime locations around Clark Freeport Zone. Prices for the leasehold rights vary depending on the size of the properties. These properties carry a lease for 48 years, renewable for 25 years subject to mutual consent with CDC. One-time payment for the takeover of the lease shall be required.
Small Lots below 5000 square meters: US$150/square meter
Medium-sized lots of up to 15000 square meters: US$130/square meter
Large lots of at least 15000 square meters: US$110/square meter
Method of Acquisition: Acquire the shares of a company that holds the lease with CDC to this property
Revenue Sharing (payment to CDC): 3% of gross profits or 7% of gross revenues whichever is higher.
so how do I get in touch with the right organization to seek assistance with acquiring long-term leases for properties inside Clark Freeport Zone?
That is not difficult.
For more information about Clark Freeport Zone, please log on to this web site:
http://www.ClarkPhilippines.com
This web site also offers information about everything of interest in Clark Philippines including hotel and resort accommodation, where to eat and dine out, shopping and places of interest to visit.
Email: Editor@ClarkPhilippines.com
Clark is a popular holiday destination not only for the popular Hot Air Balloon fiesta each year. Clark Airbase or Clark Air Field as it is also called, is well known for its international airport DMIA, splendid golf courses and casinos, spacious resorts offering plenty of clean and safe outdoor facilities as well as world-class restaurants, gastro pubs and wine shops.
If you are looking for a good hotel or resort to make your visit to Clark Pampanga more enjoyable, you might want to check out this resort located in the central business district of Clark Freeport Zone.
Clearwater Resort and Country Club, Clark Pampanga
Creekside Road near Centennial Expo,
Clark Freeport, Pampanga Philippines 2023
Tel: (632) 633-1566 (045)599-5949 0917-520-4403 0922-870-5177
Ask for Joanne or Jeremy or Marilou
To make inquiries and bookings with this hotel in Clark Pampanga, click here to contact Clearwater Resort now
Clearwater Resort and Country Club
Manila Sales Office
3003C East Tower, Philippines Stock Exchange Center,
Exchange Road, Ortigas, Metro Manila, Philippines 1605
Tel: (632) 637-5019 0917-540-3626 0917-530-6242
ask for Rea, Chay or Joanne
Email: Reservation@ClearwaterPhilippines.com
Getting to this beach resort in Pampanga Angeles City Clark Philippines
After entering Clark Freeport from Dau and Angeles City, proceed straight along the main highway MA Roxas, passing the stand-along wine shop called Clark Wine Center on the right, continue to bear right making no turns at all, go past Mimosa Leisure Estate on the opposite side of the road, one will hit a major intersection. Go straight and the road becomes Creekside Road. YATS Clearwater Resort and Country Club is on the right just 200m down.
Visitors to this Freeport Zone are well advised to take this opportunity to savor the laidback lifestyle for which Clark Freeport is so famous. Staying overnight at one of the good resorts in Clark enable visitors to relax, unwind and take some of the stress away from living and working in the crowded city like Manila. Some might take a short trip over to Subic also.
Clearwater Resort in Clark Philippines is well regarded by travel agencies and frequent visitors to Pampanga as one of the hotels that best represents the laidback lifestyle for which Clark is famous. This hotel in Clark is also very popular among Manila visitors looking for a good resort for family bonding. Companies in Manila as well as event organizers hold teambuilding and other corporate events in some of the outdoor event venues in this resort in Clark.
You might want to spend a night or two in this resort while you are here in Clark to attend to business matters or to relax and unwind over a game of golf.
And if you are a food and wine lover, you might not want to pass up this opportunity to wine and dine at one of the most famous fine dining restaurants in the Philippines, Yats Restaurant and Wine Lounge. This restaurant is not only well regarded by food critics for its cuisine but is also the only restaurant in the Philippines to be given the prestigious Best of Awards of Excellence by world leading wine magazine, Wine Spectator in recognition of the best 850 restaurant wine lists in the world.
Hong Kong-based Yats International
built this restaurant in 2000 to provide a world-class cozy fine dining restaurant, as well as business meeting facilities and venues for private dinners and social functions in Philippines Pampanga Angeles City Clark Freeport Zone. North Luzon Pampanga Angeles City Clark Philippines was selected for this restaurant because of safety, clean air, absence of traffic and proximity to Manila and Subic. Clark Freeport is located near Manila and Subic. Diners from Manila and Subic can travel north along North Expressway and arrive in Clark in about 90 minutes without having to go through city driving.
Click here to inquire or reserve a table to wine and dine at Yats Restaurant and Wine Lounge in Clark.
Getting to this fine dining restaurant of Angeles City Clark Freeport Zone Pampanga Philippines
How to get to this fine-dining restaurant in Clark Philippines?
Once you get to Clark Freeport, go straight until you hit Mimosa. After you enter Mimosa, stay on the left on Mimosa Drive, go past the Holiday Inn and Yats Restaurant (green top, independent 1-storey structure) is on your left. Just past the Yats Restaurant is the popular gastro pub called The London Pub.
Yats Restaurant and Wine Lounge
Mimosa Drive past Holiday Inn, Mimosa Leisure Estate,
Clark Freeport Zone, Pampanga, Philippines 2023
Tel: (045) 599-5600 0922-870-5194 0917-520-4401
Please ask for Lito, Daniel or Cosh
Wine lovers in Manila, Subic, Angeles city and Clark Philippines travel frequently to this wine shop in Clark Freeport Zone Pampanga to stock up on fine wines. This Angeles Philippines Clark Freeport Zone wine store offers a fine range of wines of all price points from wines for everyday enjoyment under p1,000 per bottle, to exciting matured vintage wines at midrange price levels of p1,500 to p5,500 and rare and luxurious wines to mark special occasions or gifts of wine to VIPs, loved ones and special people.
Clark Wine Center in Clark Pampanga Angeles City Philippines
Bldg 6460 Clark Observatory Building
Manuel A. Roxas Highway corner A Bonifacio Ave,
Clark Freeport Zone, Pampanga, Philippines 2023
Tel: 0917-826-8790 (632) 633-1566 0922-870-5173
ask for Kristine or Daniel
Wine@Yats-International.com
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
Tel: (632) 637-5019 0917-520-4393 0926-686-5955
Ask for Rea or Chay
Have a safe and pleasant trip to Clark!
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