Deal #6683

Location #1

Spatial accuracy level
Exact location
Location
Nasugbu, Batangas, Philippines

Latitude
14.1913144
Longitude
120.5991335
Target country
Philippines

Land area

Intended size (in ha)
8650
Size under contract (leased or purchased area, in ha)
[2018] 5800
Size in operation (production, in ha)
[current] 5800
Comment on land area
5,800 hectares is for a property called the Hamilo Coast Project, while another firm, the Manila Southcoast Development Corp, together with Fil-Estate Properties Inc, is looking to turn 1,800 hectares of land into a golf resort.

Intention of investment

Intention of the investment
Tourism

Nature of the deal

Nature of the deal
Outright Purchase
Comment on nature of the deal
The government’s Assets Privatization Trust (APT) sold the whole hacienda to Manila Southcoast Development Corp. (MSDC), a member of the SM Group of Companies.

Negotiation status

Negotiation status
Concluded (Contract signed)

Implementation status

Implementation status
In operation (production)

Operating company

Name of investment project
Hamilo Coast Resort

 

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Data source #1

Data source type
Company sources

Data source #2

Data source type
Media report
Date
2014-06-06

Data source #3

Data source type
Media report
Date
2012-02-13

Data source #4

Data source type
Media report
Date
2012-03-12

Data source #5

Data source type
Research Paper / Policy Report
Publication title
Understanding Land Grabbing, Land Rights in the 21st Century

Data source #6

Data source type
Media report
Date
2011-09-22

Consultation of local community

Community consultation
Limited consultation

How did the community react?

Community reaction
Mixed reaction

Presence of land conflicts

Presence of land conflicts
Yes

Displacement of people

Displacement of people
Yes

Negative impacts for local communities

Negative impacts for local communities
Socio-economic
Displacement
Violence

Former land owner (not by constitution)

Former land owner
State
Community

Former land use

Former land use
Smallholder agriculture

Former land cover

Former land cover
Cropland
Forest land

Detailed crop, animal and mineral information

Livestock area
Fish

Feb. 4, 2019, 6:56 a.m.

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Jan. 10, 2019, 8:37 a.m.

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