Surbana Jurong inks deal to develop New Clark City
It will assist BCDA and JOIN to draft development management framework, among others, for Philippine project
Singapore
SURBANA Jurong has inked a memorandum of cooperation with Bases Conversion and Development Authority (BCDA) and Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN) to develop New Clark City in the Philippines.
New Clark City has been touted as the first "smart, green, disaster-resilient city", and is among the biggest projects in President Rodrigo Duterte's ambitious eight trillion peso (S$204.8 billion) "Build, Build, Build" infrastructure programme.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
HDB resale prices up 1.8% in Q1; 6,800 BTO flats to be launched in June
Singapore’s private home prices up 1.4% in Q1, rents drop by 1.9%: URA
OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2
Singapore office rents in central region fall 1.7 per cent in Q1 over Q4: URA
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year