Related to mall of asia... the next Hong Kong, or Singapore?


Property giant SM Prime Holdings Inc. has proposed to double its Manila Bay reclamation project spanning the coastal areas of Pasay and Paranaque to 1,200 hectares, potentially creating a new urban hub bigger than Mandaluyong that will require greater capital outlays of around P150 billion.

In a chance interview with Inquirer last week, SM Prime chair Henry Sy Jr. said the property company had submitted proposals to reclaim 600 hectares more on top of the initial 600-hectare reclamation projects proposed five years ago.

“I’m trying to get another 600 hectares,” Sy said, noting that with a fresh landbank of 1,200 hectares, coupled with the proposed reduction in corporate income taxes and a “proper” airport, the metropolis could be transformed into the “next Singapore or Hong Kong.”

.......

Sy said the bay area would overshadow even BGC. The project will be the single biggest property development project in Metro Manila in recent history.


Read more: SM turns shy on China, aggressive on massive Manila Bay project | Inquirer Business