SOUTH Korean-led development firm Hann Philippines Inc. (HPI) investing an initial P10 billion into its resort and lifestyle Hann Reserve estate in New Clark City, the Philippine Economic Zone Authority (PEZA) said Wednesday.
A registration agreement was signed on June 23 between Hann Philippines and the ecozone authority formalizing the company’s registration as an ecozone domestic market enterprise for tourism.
The registration enables the company to operate tourism-related facilities within the mixed-use development, including Professional Golfers’ Association of America-affiliated golf courses, clubhouses and food and beverage outlets.
"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," the PEZA said.
Hann Reserve is expected to generate more than 220 jobs and further strengthen tourism-driven economic activity in Central Luzon, according to PEZA.
Following a supplemental agreement signed in August 19, 2025, Hann Reserve officially began preview operations on January 31 in preparation for full commercial operations.
The 450-hectare luxury estate development in New Clark City is a project of Hann Development Corp., a subsidiary of Hann Philippines Inc.
“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,” the PEZA said.
