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Albay’s lot prices climb 10 times

By Roderick T. dela Cruz | Jul. 12, 2015 at 11:20pm [ ]
 Lot prices in several parts of Albay, particularly in the new economic township called Guicadale, have climbed by nearly ten times since 2007, after the calamity-prone province unveiled a new redevelopment plan and implemented a disaster risk reduction strategy. 
Undeveloped lots in parts of Guicadale which sold for P30 per square meter in 2007 now command prices of P300 or more per square meter.  Guicadale refers to a new township in the towns of Guinobatan, Camalig and Daraga as well as the city of Legazpi. 
Guicadale covers some 64,000 hectares of safe lands for development, which has been identified under the province’s disaster risk reduction strategy. 
Housing subdivisions are currently being developed in the area, while commercial and recreational spaces are laid out with road networks linking up with several towns and cities and additional 87,000 hectares of upland areas, according to Albay Governor Joey Salceda. 
Salceda said with disaster risks in the province now properly addressed, Albay’s DRR strategy is now geared towards economic expansion. Guicadale started with the build up of 40 resettlement communities for 10,076 people, followed by the construction of the P4.7 billion Bicol International Airport. 

Salceda said one proof of redevelopment is a tiny village, called Barangay Anislag in Daraga town, which now teems with people almost equal to a town community where church, marketplace, commercial spaces and a hospital were established to serve the needs of its growing population.

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