SUBIC BAY FREEPORT—The Subic Bay Metropolitan Authority wants more Japanese companies to invest here after the agency signed a $30-million contract with Japan-based Subic Smart Community Corp. to upgrade the Subic golf course.
SBMA Administrator Atty. Wilma T. Eisma said upgrading the golf course will play an integral part in attracting more tourists to the freeport.
“When we first envisioned the Subic Freeport during its initial stage, we were thinking of making this into a port city like Singapore. Aside from the usual port operations like cargo and bulk handling, we imagined Subic Freeport as a tourist haven for local and international tourists alike,” Eisma said.
SSCC president Masafumi Miyamoto said they will develop the golf course into a world-class venue for tournaments in addition to housing for the elderly and retirees.
Miyamoto is the founder of Smart Community Co. Ltd., the first and largest continuing-care retirement community in Japan.
Creating residences is part of Miyamoto’s proposal for Japanese retirees, after a market study showed that Japan’s elderly care businesses rose to a whopping $252 billion in 2015.
The two-pronged development project is touted as a potential major asset in the freeport. The first part is the $3-million renovation and redevelopment of the whole golf course within two years.
The renovation will include the clubhouse, sprinkler systems and repair of ponds, improvement of the greens and the upgrade of machinery and equipment such as golf carts and service vehicles.
Miyamoto said the golf course will remain in operation despite the renovation, leaving open a minimum of nine holes.
The second part of the development project is the $27-million expansion of all areas for the Subic Smart Community within six years. This will include the construction of 200 residential units within two years.
Another 1,800 residential units will be added, including various amenities such as a gym, a sports center, arts and crafts studios, karaoke or music rooms, function rooms, library and bars and restaurants, the Japanese firm said.