Aseana City in New Development Push

The 204-ha Aseana City is being positioned to become the new Philippine tourism capital before the end of the decade, with the completion of landmark projects by local developers, and resort and casino owners within the next several years.

In a statement, DM Wenceslao & Associates Inc., the owner-developer of Aseana City, noted that the entry of property giant Ayala Land Inc. (PSE: ALI), Japanese Pachinko tycoon Kazuo Okada, and Megaworld Corp.’s (PSE: MEG) Andrew Tan dovetails with the company’s vision to “develop a new masterplanned growth center that would boost the offerings of the country to tourists and other locators.”

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Source: Philippine Daily Inquirer

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