SBMA to build ₱1B residential complex for its employees

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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PBBM’s housing promise soon to break ground in Subic Freeport

Some 1,300 employees of the Subic Bay Metropolitan Authority may soon be able to live in their own homes inside Subic Bay Freeport as part of President Ferdinand “Bongbong” Marcos Jr.’s campaign to build one million houses per year until 2028 to reduce the backlog in housing through the Pambansang Pabahay Para sa Pilipino Housing (4PH) Program. 

This, after the Department of Human Settlements and Urban Development (DHSUD) and the Subic Bay Metropolitan Authority (SBMA) signed a memorandum of agreement (MOA) to develop a housing project for SBMA employees. 

Under the Marcos administration’s Philippine Development Plan 2023-2028, the government will mobilize private sector and government resources to meet the country’s housing needs. 

The DHSUD will target the financing of one million housing units annually to narrow the housing deficit. 

This will require the mobilization of substantial financial resources from national and local governments, as well as government financing institutions and private banks, with whom the government will engage to increase their participation in the housing sector through their development loans, homeowners lending programs, and real estate mortgages. 

"To ensure that the Pambansang Pabahay Para sa Pilipino (4PH) Program is successful and sustainable, I have directed the concerned agencies to adjust housing targets based on need and demand until 2028,” President Marcos Jr. said. 

Consequently, this allows us to assess our government’s capacity to provide guarantees and interest subsidies in our social development programs,” he added. 

The Socialized Housing Program of the SBMA will cost P2 billion and is set to be constructed at lot 70-B Rizal Highway Extension at the Central Business District of the Subic Bay Freeport Zone (SBFZ). 

In a sectoral meeting with officials of the DHSUD, Pres. Marcos said the national housing thrust must be sustained to address the country’s shelter gap. 

He said that while the program is quite ambitious, the housing program will create a positive impact on the national economy. 

“Even the effect on the economy is going to be terrific if we are able to do this and that’s why it’s necessary. We have to do this. We have to find a way to do this. We have to be a little creative,” Pres. Marcos added. 

The DHSUD is leading the implementation of 4PH, which aims to address the 6.5 million housing backlog in the country. (Radyo Pilipinas)

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