BCDA Secures ₱1-B Investment Following Camp John Hay Takeover

The Bases Conversion and Development Authority (BCDA) has secured ₱1 billion in investments from lease agreements in Camp John Hay, Baguio, nearly two months after taking full control of the former American military base.

According to BCDA, it has signed 75 lease agreements, with 70 residential leases involving both local and foreign nationals. The remaining deals include commercial agreements with major companies such as:

✅ Landco Pacific Corp. (a Metro Pacific Investments Corp. subsidiary)
✅ Stern Real Estate Development Corp.
✅ Amare La Cucina
✅ Golfplus Management Inc. (GMI)
✅ DuckWorld Philippines
✅ Top Taste Trading Inc.

BCDA President and CEO Joshua Bingcang highlighted the rapid investment growth, calling it proof of Camp John Hay’s potential as an ecotourism and investment hub.

“Numbers don’t lie. Breaching the ₱1 billion mark in just two months proves that investors see Camp John Hay’s potential. More exciting deals are on the way,” Bingcang said.

BCDA Eyes ₱10-B Investment Target

BCDA officially took control of Camp John Hay in January 2025 after the Baguio Regional Trial Court upheld a Supreme Court ruling ordering the Camp John Hay Development Corp. (CJH DevCo.) to turn over all properties.

The agency now aims to attract ₱10 billion in investments by offering 70 hectares of untapped land to the private sector.

BCDA, which helps strengthen the Armed Forces of the Philippines (AFP) through its revenues, ended 2024 with ₱11.3 billion in earnings, a 3% increase from the previous year, mainly driven by its 6.1-hectare mixed-use development in Taguig City.