[ Manila Bulletin Online ] May 29, 2008
SAN FERNANDO CITY, Pampanga — The employment of at least 54,000 people in the Clark Freeport and Economic Zone has created a big demand for more housing units here and nearby communities.
This prompted realty companies and land developers to undertake housing projects that cater to the shelter needs of the executives, young professionals, and workers of the many companies in Clark.
A real estate executive said he is expecting a housing boom in areas around the Freeport.
He said, however, that the specific market consists of middle-income families who are looking for flexible, low-payment schemes.
Several realty firms are now on the drawing boards preparing housing projects for middle-income families.
The Lakeshore subdivsion project, located alongside the North Luzon Expressway in Mexico, Pampanga, was initially developed as a residential-commercial community for well-to do families, but it was redesigned to cater to the needs of the junior and senior executives in Clark and nearby areas.
Architect Nestor Mangio, owner-developer of the Lakeshore, said that the new ommunity is the most ideal choice for young professionals as well small- and middle-income families.
He described the units as "dream houses" for the newly weds.
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