The Subic Bay
Metropolitan Authority (SBMA) is set to build a ₱1-billion residential complex
featuring four condominium buildings, which will be constructed within this
premier Freeport zone, offering affordable housing for its employees.
To be called
Subic Bay Residencias, the housing project was made official during the signing
of the lease agreement between the SBMA and the Philippine Community
Housing Corporation. (PCHC) CSE Builders Joint Venture Company Ltd. held at the
administration building on June 4, 2025.
SBMA Chairman
and Administrator Eduardo Jose L. Aliño and PCHC General Manager Mary Grace
Ocampo signed the lease before top government officials, including Department of
Human Settlements and Urban Development (DHSUD) Undersecretaries Emmanuel D.
Pineda and Eduardo P. Robles Jr., the SBMA Board of Directors, and officials
from PAG-IBIG Fund led by Finance and Utilities Department Manager Brenda T.
Cao.
According to
Chairman Aliño, Subic Bay Residencias will be built at Lot 70-B, Rizal Highway
Extension, Central Business District, Subic Bay Freeport Zone, with a total of
20,762 square meters.
“The
development and construction of Subic Bay Residencias will consist of four
condominium buildings and other auxiliary uses such as parks, a swimming pool,
a clubhouse, a tennis court, a daycare center, and retail area/commercial
areas,” Aliño said.
He said that
the four buildings will have a total of 1,600 to 1,920 units, with a selling
price of ₱1.8 million per unit, which may be reduced to ₱1.6 million, depending
on the availability and area preference, and the financial capability of the
beneficiary.
He added that
the total minimum development commitment is ₱1 billion, within a maximum period
of five years from the commencement of the LA, citing that this is just the
first phase of the many housing projects inside the Freeport.
A thrust
under the Marcos administration’s 4PH Program, the socialized housing for
workers inside the SBFZ like the Subic Bay Residencias is geared towards
providing housing for the employees of the agency.
Back in May
2024, SBMA signed a memorandum of understanding with the DHSUD to construct
socialized housing under the 4PH Program within the SBFZ. The housing project
aims to provide affordable yet sustainable houses to Freeport zone workers who
fall under the low-income bracket.
“Its
advantage is that it is close to their workplace. Because what we want to
happen is that after you work, we want you to be able to just walk from your
work to home to save time and save money,” Aliño said. (MPD-SBMA)
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