A KOREAN firm is planning to develop a retirement village in Angeles City, an official of the Philippine Investors and Retirement Industry Council (PIRIC) said.
PIRIC chairman Albert Dela Cruz said that PHICO Corporation, a South Korean company, is considering to build a retirement village at the Korea Town in said city for its members.
PHICO Corporation officials, including Vice President Yoon Si Hyeon, led the ground-breaking ceremonies for the construction of P300 million Water Park Resort and Hotel at the Korea Town, Angeles City.
Dela Cruz, who is also the chairman of the Philippine Globe Ventures Realty and Construction Corporation (PGVRCC), told SunStar Pampanga that some 200 villas, 6,000-square meter swimming pool, 27-foot man-made falls, hot and cold spa, and other attractions will be built inside the facility.
Dela Cruz said that the resort, once completed, is expected to generate 3,000 tourist arrivals every month.
The PGVRCC, the project developer and contractor, has scheduled the completion of the project by December this year.
Dela Cruz was recently appointed as director of the North Luzon Railways Corporation (Northrail) by President Duterte.
He is an environmental and urban planner, realtor and real estate consultant, and a developer engaged in various development and housing projects.
Dela Cruz is also a consultant of the Sanggunian Tribung Aeta of CADT 025 in Mabalacat City in Pampanga province and Bamban town in Tarlac province.