Hann clears way for P 10-B New Clark tourism venture

MANILA, Philippines – South Korean-led investment firm Hann Philippines Inc. has formally joined the roster of tourism enterprises of the Philippine Economic Zone Authority (Peza), thus availing of fiscal sweeteners for its flagship Hann Reserve development in New Clark City.

Peza says Hann Philippines has signed a registration agreement as an economic zone domestic market enterprise for tourism, covering the company’s integrated mixed-use project in Capas, Tarlac.

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This allows Hann Philippines to operate tourism-related ecozone facilities within Hann Reserve, including what Peza says will be the country’s first Professional Golfers’ Association of America-affiliated golf courses, as well as clubhouses and food and beverage outlets.

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“The registration underscores sustained investor confidence in the Philippines’ economic zones while reinforcing New Clark City’s position as a premier destination for tourism and investment,” Peza says.

The registration covers an initial P10-billion investment and is expected to generate more than 220 jobs, according to Peza.

The agreement was signed on June 23 by Peza director general Tereso Panga and Hann Philippines vice president for finance, corporate secretary and treasurer Mitchell Estacio.

Recall that in 2025, Peza reclassified Hann Reserve from a tourism economic zone into a mixed-use special economic zone, paving the way for a wider range of investments beyond hospitality.

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Hann Philippines plans to develop manufacturing, agro-industrial, tourism and information technology projects across the 455.6-hectare (ha) estate, for which it had earlier earmarked P17 billion for the first phase of development.

The project began preview operations on Jan. 31 as preparations continue for full commercial operations.

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Beyond its tourism facilities, Hann Reserve is planned as a multiphase development. The second phase, targeted for completion by 2030, will add residential and retail components, golf entertainment facilities, an international school, additional public park developments and a river golf course.

Once completed, Hann Reserve will further expand the company’s presence in Clark, where it already operates the 11-ha Hann Casino Resort.

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“As Hann Reserve continues to take shape, the development is expected to create employment opportunities, stimulate local businesses and contribute to the long-term economic growth of the region,” Peza says. INQ