Bacolod, the “City of Smiles” and Capital of Negros Occidental, is a popular tourist destination known for its historical landmarks, churches, ancestral homes, and local delicacies. Travelers flock to the city for its annual “Masskara Festival” held every October. Known as the “The Sugar Capital of the Country,” Bacolod City is also the leading supplier of sugar in the Philippines. When you invest in Bacolod, expect the tourism sector to be part of your investment growth.
There are thousands of reasons why tourists can’t get enough of Bacolod, but they aren’t the only ones smiling. In the recent years, investors found a good reason to smile because of the plethora of opportunities found in the city.
Today, Bacolod City has emerged as one of the leading investment hubs in the country because of its economic growth and development over the years. It was listed by the Philippine Chamber of Commerce as one of the most business-friendly local government units under city level I category which attracts potential investors to the city. The improving competitiveness of this city over other key locations in the country has instilled interest and confidence to invest here.
Bacolod also is one of the top livable cities in the country and was even named the Top Model City of the Philippines and 2017 and 2019.
With these developments, Bacolod has grown into an important investment destination outside Metro Manila because of its huge potential and high investment returns.
Find out why you should invest in Bacolod, a city that keeps investors smiling.
Top 5 Reasons to Invest in Bacolod
1. Invest in Bacolod: A preferred investment destination outside Metro Manila
Bacolod’s booming economy has lured the BPO industry to flourish and contribute in providing jobs to local residents. It is the third fastest growing economy in the fields of IT and BPOs. Hailed as the “best destination for BPO activities in the Visayas,” Bacolod city was declared a “center of excellence” for IT-business process management operations in 2020 by the Department of Information and Communications Technology (DICT).
In 2015, Bacolod opened the Negros First Cyber Centre (NFCC), an IT- BPO hub in the city. It houses a number of call center companies, commercial facilities, and IT/BPO institutions. Global companies like Concentrix, Teletech, Teleperformance, Convergys, and Transcom have opened operations in the city. The industry is expected to grow more in the coming years.
In 2019, the city was recognized as one of the top destinations for Business Process Outsourcing (BPO) companies. There was a projection from global firm Colliers that Bacolod will be one of the preferred BPO hotspots in the country.
Aside from the BPO and call center industry, Bacolod is also a leading English as a Second Language (ESL) hub in the region.
Real Estate is another industry that has continuously grown over the years. Many developers choose to open in Bacolod because of its fast-growing market value. Real estate trends indicate that buyers today prefer their homes where you can just walk to the nearest supermarket, medical facilities, schools, and other essential establishments. As such, condominiums are slowly penetrating the real estate industry. They can be a sound investment as it offers a high return of investment when managed properly. With a booming economy projected in the horizon, the price of your investment will sharply appreciate in value.
Commercial and industrial establishments are also on the rise. Hotels, commercial centers, offices, parks, malls, and other commercial establishments can be easily accessed in close proximity.
2. Manpower services
Bacolod has a high literacy rate and its graduates are skilled and proficient in English. This is one of the reasons why the BPO industry has thrived in the city. Its graduates are employed in various industries that have made them a vibrant and dependable workforce.
Many graduates are in the field of business, IT, Math, and health sector. In the recent years, there’s also a rise in of graduates entering the field of health information management (HIM) and software engineering.
3. Infrastructure Projects
Bacolod is home to many iconic infrastructures that have helped shaped the city’s growing economy.
The Panaad Park and Sports Complex features the famous Panaad Stadium where football matches are held like the 2007 ASEAN Football Championship and the 2005 South East Asian Games. Other facilities in the city like the Negros Occidental Multi-Purpose Activity Center (NOMPAC) and Bacolod Arts & Youth Sports Center (BAYS Center) are used for sports like basketball, karatedo and boxing.
These spaces are also used during the Masskara Festival.
The Bacolod Silay International Airport is the main gateway for local and international flights in the city. It replaced the old Bacolod City Domestic Airport in 2008. Bacolod is only less than an hour away from and is serviced by the country’s major airlines. In terms of ports, there’s the Banago Wharf and BREDCO Port which serve as vessels entry point in the city.
Soon, the Bacolod- Negros Economic Highway is set to be inaugurated. Started in 2017, the project is regarded as the biggest single infrastructure ever built in Bacolod. The 21.8-kilometer highway has four lanes, with three bridges and a two-way bike lane.
Other infrastructures due for expansion are the Bacolod-Silay Airport and the Bacolod City South Bus Terminal. These projects are projected to further boost the city’s economic growth and development.
4. High economic growth
Bacolod’s promising future has long been recognized with the numerous awards and citations it has received in the past years. Last 2017 and 2019, the city was named as the “Top Philippine Model City” by media outfit The Manila Times. It was also a finalist in the “Business-Friendly LGU” Award in 2018 by the Philippine Chamber of Commerce and Industry. Bacolod was the only highly urbanized city recognized outside Metro Manila. With these recognitions, you can invest in Bacolod with utmost security.
Bacolod is deemed as the next commercial and industrial hub in Western Visayas. It was also recognized as a clean and green city making it a good place to settle and invest.
Meanwhile, in an article of The Inquirer, it cited Bacolod as the 9th most competitive local government unit (LGU) on the basis of economic dynamism, government efficiency and infrastructure support, according to the National Competitiveness Council (NCC) ranks. Traditional businesses also saw an unprecedented growth thanks to the high economic growth of Region VI or Western Visayas which increased by 7.4 percent in the last two years. This also helps rank up the employment rate in the city.
With Bacolod’s growing economy, investors are exploring the city’s potential over other key provinces in the country. This gives Bacolod an edge in terms of work opportunities.
5. A tourist haven
The City of Smiles has long been a favorite tourist destination in the Visayas region. It is known for its people’s friendliness and warm hospitality as seen in their infectious smiles. Bacolod offers a ton of activities that travelers can enjoy including colorful festivals, food trips, historical tours, shopping galore, and island adventures.
For the history buffs, you can always visit The Ruins which is perhaps the most popular and most photographed tourist destination in Bacolod. The Ruins is widely called as the “Taj Mahal of the Philippines.”
Bacolod is also home to museums like The Negros Museum which showcases the rich history of the city and the culture of the past and Balay Negrense Museum found in Silay City. Regarded as an art hub in Negros, visiting Silay City will make you bring the past alive with its iconic antique houses and other memorabilia.
Old churches like the San Sebastian Cathedral features a baroque style of architecture. The century-old Church built during the Spanish era is made up of coral stones and lime. It is considered as one of the most beautiful churches in the country. Another popular church in Bacolod is the St Joseph the Worker Parish Church or the Church of the Angry Christ found inside the Victorias Milling Company. The church is known for its huge mural of Christ made up of striking colors in the altar.
Those looking for a nature tripping adventure will surely enjoy the Campuestohan Highland Resort, a popular resort in the mountain side, and Mambukal Mountain Resort that lets you get closer to nature with its various amenities including a hot spring.
Another popular tourist destination in Bacolod nowadays is Lakawon Island. Found in Cadiz, you can find here the famous Taw Hai Floating Bar, considered to be Asia’s largest floating bar. Visitors can enjoy the powder white sand and crystal-clear waters of Lakawon Island.
A trip to Bacolod is not complete without trying its delectable food and local delicacies. Be sure to try the Bacolod Chicken Inasal, Kansi, and Seafood as well as its famous cakes and other desserts. Besides, what is a trip to the sugar capital without having a great sugar rush.
Lastly, experience the vibrant culture of Bacolod with its annual celebration of the Masskara Festival held every October. The Masskara Festival centers on big bright masks similar to a Mardi Gras, highlighted with the dance competition of different groups. This event is a major tourism driver as tourists flock to the city to witness the grand celebration and experience its colorful street party.
With these 5 reasons, Bacolod’s bright future makes it an ideal place for your next investment. As cited above, Bacolod is one of the key investment destinations in the country. The growing demand for its booming IT and BPO industry opens a lot of economic opportunities. Real Estate is also on the rise with the presence of many industry players offering horizontal, vertical, and commercial developments. It also adds that Bacolod is one of the top livable cities in the country and was named the Top Model City of the Philippines and 2017 and 2019.
Why invest in Bacolod through Camella Manors Bacolod?
Looking for an affordable condo in Bacolod? Explore life in Bacolod with Camella Manors.
Camella Manors Bacolod is the first project of Camella Manors in the Visayas to become part of Vista Land’s communicity. Camella Manors is Vista Land’s newest mid-rise condominium brand located in the regions and nearby provinces of Metro Manila. It promotes an all-in lifestyle needs and resort-themed amenities that will cater to young professionals, starting families, investors, and Overseas Filipino Workers (OFWs). Camella Manors Bacolod, a midrise condominium development, brings you the experience of a condo-resort community as it pioneers a new level of hassle-free urban living in the midst of a booming economy. The condo will start opening its units in Buildings 1 and 2 this 2021 for occupancy. Camella Manors Bacolod is a 1.1 hectare mid-rise condominium with a total of 4 buildings.
Located along Cordova-Buri Road, Mandalagan, this affordable condo in Bacolod will give investors the best deal for its money with many amenities which include a swimming pool, kiddie pool, fitness gym, club house, playground, and commercial strips. There is also 24/7 security to ensure the safety of everybody. Animal lovers will be delighted to know that it is a pet- friendly community. Fur parents can now invest in Bacolod!
A perfect way to invest in Bacolod is through Camella Manors Bacolod. It offers the perfect synergy of comfort and luxury. It is strategically located near malls, hospitals, schools, tourist attractions, and business districts. It is located 15 minutes away from the Bacolod- Silay International Airport.
Investors in the first and second building can finally enjoy their new home by the second quarter of the year. Each building, Ibiza and Majorca, are both 7-storey high. A studio and a 1-bedroom unit measures 30.36 sq. m. The pre-selling of condo units of the third building, Capri, will open soon with units measuring 23.76 sq. m.
To know more about how you can invest in Bacolod with Camella Manors Bacolod, click here. Reservations can also be done conveniently and hassle-free through our easy-to-use online payment facilities.