Demand for Land Reclamation in the Philippines
Land reclamation is the process of creating new land from oceans, riverbeds, or lake beds. The land reclaimed is known as reclamation ground or landfill. And this can be achieved through different methods. The simplest of which involves filling of an area with large amounts of heavy rock and/or cement, then filling it with clay and dirt until the desired height is reached.
In the Philippines, the demand to reclaim land has increased at very rapidly for the past decade not because of the scarcity of land but because of the need for valuable space in a particular area.
Land Reclamation in Manila Bay
Take for instance the Manila Bay area where land reclamation in the country practically started way back in the 1970s with the then President Marcos.
Back then, the reclaimed area was used primarily as extensions of government offices, cultural establishments, and public recreation site. Today, it has expanded its area to include shopping malls, business parks, entertainment centers, housing projects, and residential condominiums.
In addition, the Philippine Reclamation Authority (the implementing body for reclamation projects) has 22 projects along Manila Bay’s coastline on its table, six of which are already approved and ready for implementation.
Because of the viability of pooling commercial establishments in one area and the lack of available huge tracks of land in Metro Manila, the demand for reclamation sites tremendously increase.
In fact, these market needs to push the prices of real estate in reclaimed areas in Manila Bay to P400,000 to 500,000 per square meters.
But despite all, these projects provide the government its much-needed revenue and spurt economic growth in the area. More projects mean more jobs.
And with the continuous growth in the outsourcing industry and the President’s Philippine Online Gaming Operation project, the huge demand for land reclamation in the Philippines will continue to grow for years to come, or even decades.