The Next Wave of Real Estate Investments in Tarlac
31 AUGUST 2024
An Architect's Perspective of Atrium Center Tarlac - Asiawide Land's Commercial Project in Concepcion, Tarlac
Tarlac, a burgeoning agricultural hub in the Philippines, is swiftly emerging today as a prime investment destination.
With its strategic location as a convergence point for roads leading to neighboring provinces and its notable contributions to the country’s revolutionary history, Tarlac is well-positioned to reap numerous profitable advantages. In the coming years, the province is also set to benefit from various infrastructure and economic developments led by the national government. Despite being a relatively young province compared to its neighboring provinces, these factors combine to offer investors abundant opportunities for growth and stability in Tarlac.
But when it comes to real estate, what does Tarlac really offer you as a potential investor? Let’s break down its competitive strengths as a real estate investment hub.
Geographical Advantage
Tarlac is located in the Central Plains of Luzon bordered by Pampanga to the south, Pangasinan to the north, Nueva Ecija to the east, and Zambales to the west which makes the province the crossroads of major routes.
Tarlac benefits from an extensive road network that includes major expressways like the Central Luzon Link Expressway (CLLEX), Tarlac-Pangasinan-La Union Expressway (TPLEX), and the Subic-Clark-Tarlac Expressway (SCTEX). These routes facilitate smooth travel and logistics, connecting Tarlac to crucial destinations.
Travel time from Tarlac Province:
- 2 hours to Pangasinan
- 3 hours to Baguio City
- 6 hours to Ilocos provinces
- 2 hours to Manila
- 1 hour to Pampanga
- 2 hours to Nueva Ecija
- 4 hours to Zambales
In addition, Tarlac also benefits from the close access to international airports and free ports, enhancing its inter-connectivity within the region.
Good Economy, Good Investment Opportunities
Tarlac is rising as a significant investment hub, bolstered by its reputation as a premier agricultural center and an attractive destination for business ventures.
Covering 305,345 hectares, with 129,000 hectares dedicated to farming, Tarlac is a powerhouse in agriculture. The province excels in the production of rice, sugarcane, and a variety of other crops including sweet potatoes, okra, tomatoes, and more. With 10,500 hectares allocated to fruit trees, Tarlac is also a leading producer of tamarind, avocado, and star apple.
According to the 2022 Provincial Product Accounts (PPA), Tarlac has a total of 8.8% contribution to Central Luzon’s GDP, ranking fifth among the region’s provinces. The province also recorded a remarkable 17.9% growth rate in Gross Value Added (GVA) for Agriculture, Forestry, and Fishing (AFF).
Build Better Future with New Infrastructure
Tarlac’s infrastructure is rapidly evolving to enhance regional connectivity and attract both business and tourism. The province boasts vital road networks that significantly improve access across the region. Additionally, Tarlac also benefits from just being a 30-minute drive from Clark International Airport which is currently undergoing substantial upgrades.
Looking ahead, Tarlac stands to gain from several key infrastructure projects specifically from the Build, Build, Build Program of the national government. The Central Luzon Link Expressway (CLLEX) will reduce travel time to Cabanatuan City from 70 minutes to just 20 minutes. Similarly, the Tarlac-Pangasinan-La Union Expressway (TPLEX) will shorten the journey to La Union from 3.5 hours to just 1 hour. New road developments are also ongoing in New Clark City that will further enhance connectivity between the new metropolis and Tarlac.
Unique Culture and Heritage Gives Unique Experience
Tarlac offers a blend of historical, natural, and modern attractions. According to the May 2024 Tourism Demand Statistics, Tarlac attracted 88,365 overnight visitors in 2023. This influx of tourists highlights the province’s growing popularity as a destination. Relatively, Capas, one of its towns, is the Tourism Capital of the province.
Advance and Proactive Services
Shielded from major earthquake fault lines and intense weather disturbances, Tarlac benefits from a proactive disaster risk reduction and management system. Tarlac confidently noted their Provincial Disaster Risk Reduction and Management Team being equipped to respond effectively to emergencies.
Tarlac also ensures universal coverage for basic health services, with a continuous improvement of healthcare facilities to provide accessible and high-quality services.
High Returns with Attractive Costs
Tarlac has become a prime location for real estate development, experiencing notable growth since 2016. According to the Department of Human Settlements and Urban Development (DHSUD)’s June 2024 report, a total of 350 real estate projects are already registered in Tarlac from 2015 to present. This surge in projects highlights the increasing investment interest in Tarlac.
Relatively, Tarlac is now rapidly emerging as a premier investment destination, renowned for its innovation hub, strategic export potential, abundant agricultural resources, excellent accessibility, comprehensive services, low cost of living, competitive and attractive property prices, and ongoing infrastructure developments.
With its proven geographical, economic, cultural, health, and innovative advantages, Tarlac has proven to be an ideal location for property investment over the next 5 to 10 years.
Choose the Right Real Estate Investment Partner
As Tarlac continues to rise as a leading real estate investment hub, selecting the right developer is crucial for maximizing returns. Asiawide Land, with a proven 16-year track record and a deep commitment to quality, is at the forefront of Tarlac’s transformation. With three burgeoning developments — Atrium de Tarlac, Altierra de Tarlac, and Atrium Center Tarlac — Asiawide Land provides a blend of residential and commercial spaces that meet the area’s growing demands. As Asiawide Land prepares to expand further into Capas, Tarlac, investing with them ensures alignment with a developer that not only understands the local market but is also dedicated to creating sustainable and thriving communities.
Article Sources:
At Asiawide Land, we prioritize accuracy and trust in all our published content. To ensure this, our articles are backed by primary sources such as industry reports, market data, government publications, and expert interviews. This rigorous approach helps us provide you with reliable, up-to-date insights to guide your real estate decisions.
- Philippine Statistics Authority. “Three out of Nine Economies in Central Luzon Post Double-Digit Growth in 2022, https://psa.gov.ph/statistics/ppa/node/1684061794”
- Provincial Government of Tarlac. “Why Invest in Tarlac?, https://tarlac.gov.ph/investment-tourism/why-invest-in-tarlac/”
- Department of Public Works and Highways (DPWH). “DPWH Constructs New Roads Leading to New Clark City, https://www.dpwh.gov.ph/dpwh/news/22830”
- Inquirer. “Tarlac emerging as an investment hub in the north, https://business.inquirer.net/424094/tarlac-emerging-as-an-investment-hub-in-the-north”
- PhilStar. “Tarlac, finally, https://www.philstar.com/business/2024/05/15/2355093/tarlac-finally”
- Department of Tourism. “2023 Regional Travelers, http://www.tourism.gov.ph/tourism_dem_sup_pub.aspx”
- Department of Human Settlements and Urban Development. “List of Projects with License to Sell, dhsud.gov.ph/services/list-of-license-to-sell/”