Morong Bataan Eco-Tourism & Industrial Park For Sale

Morong Eco-Tourism and Industrial Park Project of 8

MORONG ECO-TOURISM AND INDUSTRIAL PARK PROJECT

Morong Special Economic Zone, Barangay Binaritan, Morong, Bataan

About the Project: The site of the project is a 192 hectares private property located in Brgy. Binaritan, Municipality of Morong, Province of Bataan. The property is where the former United Nations Philippine Refugee Processing Center was located which offered Friendship, Hope and New Beginnings to some 400,000 refugees from Vietnam, Laos and Cambodia. The property houses 11 symbolic monuments and shrines constructed by the former Indo-Chinese refugees. However, after the refugees left, the property was reclaimed by its private owners, and starting in 2008 BTPI has stopped all projects and now ready to leave the premises.

A private concrete road passes at the middle of the entire property from the SBMA-Morong Road also called the United Nation Highway. A natural boundary is a river/creek which is the source of the abundant water supply system.


INVESTING IN THIS PROPERTY (the former Bataan Technological Park, Inc.) Investors who wish to put up business here can enjoy the following benefits as economic zone:

a. Five percent (5%) levy on Gross Income Earned (GIE) in lieu of all national and local taxes and duties;

b. Tax and duty-free importation of raw materials and capital equipment; and

c. Management of the zone as a separate customs territory, ensuring free flow or movement of goods and capital equipment within, into and exported out of the zone.

The property provides vast agricultural land where there is available agri-industrial-based labor. It enjoys the benefits and incentives of a Morong Special Economic Zone (MSEZ). With its size and accessibility, it showcases its potential as a retirement haven, a corporate training center, and a zone for environment-friendly small and medium-scale industries through its increased accessibility, investor perks, and proximity to the Subic Freeport Zone and the Clark Freeport Zone - not to mention the mushrooming residential and resort developments along the Morong-Bataan coastline. GETTING THERE Overlooking the South China Sea, the property is situated in the most advanced and dynamic region in the country, as it lies within the area of the Manila-Clark-Subic Economic Triad. It is just a 20-minute drive from Subic via SBMA-Morong Road and 2 ½ hour-drive from Manila via the SCTEX. Aligned with the development of Ayala Land's ANVAYA COVE, the property can be reached by sea through the operation of a passenger terminal for a direct ferry transport to Manila at the Binanga Port in Morong.


MORONG SPECIAL ECONOMIC ZONE In March 1997, the entire Municipality of Morong was proclaimed as the Morong Special Economic Zone (MSEZ), with the BTPI (Bataan Technology Park, Inc.) as its Main Zone but even without the BTPI the property will remain as an industrial by virtue of the MSEZ proclamation investors and locators in the MSEZ may avail of a full range financial and fiscal incentives. THE SUBIC-CLARK-TARLAC EXPRESSWAY

Started on April 5, 2005, the Subic-Clark-Tarlac Expressway (SCTEX) is the country’s longest expressway with 93.77 kms. Commercial operations started on April 28, 2008, with the opening of the Subic-Clark Segment and Zone-A of the portion of Clark-Tarlac Segment. The opening of Zones-B and C of the remaining Clark-Tarlac Segment on July 25, 2008 signal the full operations of the SCTEX. The SCTEX seeks to transform the Central Luzon region into a world-class logistics hub in the Asia-Pacific region through the integration of economic activities in the Subic Bay Freeport, the Clark Freeport Zone, and the Central Techno Park in Tarlac and by linking major infrastructures such as the Seaport in Subic and the Diosdado Macapagal International Airport in Clark.

LATEST DEVELOPMENT Available when needed is an EXECUTIVE SUMMARY detailing the historical background how and why the property got into the hands of the current title holders of the some 192 hectares. The executive summary was prepared in coordination with the government agencies in Bataan such as Department of Agrarian Reform (DAR), the Department of Environment and Natural Resources (DENR), the Register of Deeds (RD), the Bases Conversion and Development Authority (BCDA), and the Local Government of Morong, Bataan. However, they are not supposed to sign into this paper for obvious reason. In short, there is no any legal impediment for the transfer of the title to any third party. These government agencies recognize the fact that the property is private from the very start. The private owners before the BCDA proclamation seeded the property to the current title holders through a deed of assignment and the ownership is doubly valid because the Department of Agrarian Reform covered the property and thereafter granted to farmers-beneficiaries. However, the industrial classification of the property stays since the whole Municipality of Morong is classified at Special Economic Zone. ECO-TOURISM PROJECT The property is an excellent location for an Eco-Tourism & Industrial Park because it is already developed into eco-tourism ventures. Proximity-wise, it is accessible to CLARK and SUBIC which are the homes of tourists not to mention the plan of the Disneyland to put-up in the vicinity of Clark-Subic-Morong.


The Bataan Technology Park Inc, as shown in their master plan which they stopped implementing when the property was reclaimed by private owners, actually planned to establish a retirement housing village, a mixed use area for agro-industrial establishments, an institutional area, a staff housing area, a leisure and commercial business area, an area for sports village, a golf course, a leisure subdivision and housing.

PRICE: The property is being sold at an agricultural price of PhP 1,500.00/sqm, although the property is classified as commercial-industrial by virtue of the proclamation of the whole Municipality of Morong as Special Economic Zone considering that it is already developed and existing facilities are included without added cost. In fact, a nearby Anvaya Housing Subdivision is being sold at PhP 12,000 to PhP 20,000 per square meters. OPTIONS:

1. Purchase: The entire 192 hectare property is actually for sale at P1,500.00/square meter, a price considered very cheap for an industrial-commercial land. It could be sold on spot cash or through instalment by pay 30% down payment and the owners will work for the transfer of the title within 2-4 weeks under the name of the buyer. Upon delivery of the TCT to the buyer company, the buyer shall pay the 70% balance through instalment for one (1) year. In fact, upon payment of the 30% down payment, the buyer can take over the property by posting his own security guards and operate the existing facilities consisting of eco-tourism facilities, administration building, sport facilities, swimming pools and housing cottages, concrete feeder roads, water system, electric power system, and museums, without added costs;

The

terminated

BTPI Master

Plan


2. Joint Venture: you may likewise opt to enter into a Joint Venture where you pay the 40% of the

totals value of the property to enable the owners to transfer the title in the name of the Joint Venture company. The 60% of the total value of the property will form as the equity of the current property owner in the Joint Venture Project.

The terminated project were estimated to cost some PhP 2 Billion Pesos and generate some P10 Billion Pesos in revenues for a period of 3 years, which is more than double the price of the land and cost of project development, if the same master plan is realized by those whoever will purchase the property. THE MORONG ECO-TOURISM & INDUSTRIAL PARK The project will continue the concepts started by the debunked BTPI in the areas of a Mix of Residential, Commercial, Institutional, Recreational and other Support Facilities. Just about 20-minutes drive, one can enjoy SBFZ's Tourism, recreational and Air & Sea Port Facilities. The projects long-term vision is to become an agri-industrial technology park that shall focus on modern and leading edge-biotechnology. Attached are some pictures of the existing facilities which are included in the sale with no added cost to the buyer. The pictures taken on March 17, 2012.

Morong Bataan Eco-Tourism & Industrial Park For Sale

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