SUBIC BAY

SBMA to build 1B residential complex for its employees
Jun 11, 2025

Subic Bay Freeport – Subic Bay Metropolitan Authority (SBMA) is set to build a PHP 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 (LA) 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 LA 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 PHP 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 PHP 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.

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