Bacolod is known for its warm smiles and hospitable people which gained the city the moniker “The City of Smiles.” It is a well-loved tourist haven that is popular among local and international visitors. Apart from this, the capital city of Negros Occidental is also known to be a prime business destination in the South because of its quickly growing industries and high-powered markets.
Bacolod offers many good reasons why investors keep on coming back. With a plethora of opportunities available, it has a high economic growth that facilitates a healthy business and commerce industry.
In recent years, Bacolod City has emerged to be one of the leading investment hubs in the country. The Philippine Chamber of Commerce named the city as one of the most business-friendly local government units under the city level I category. The undeniable competitiveness of Bacolod has gained the trust and confidence of future potential investors.
In 2017 and 2019, Bacolod was named the Top Model City of the Philippines by The Manila Times. This helped catapult Bacolod into one of the top livable cities in the country.
The city is home to a robust IT and BPO industry, earning the title “Best destination for BPO activities in the Visayas.”
In the list below, let’s look at Bacolod and why it has become a favorite investment destination outside of Metro Manila.
What Makes Bacolod a Top Choice City for Business?
Flourishing BPO and IT Industry
The economic prowess of Bacolod has attracted many IT and BPO companies to open in the city because of its attractive workforce. The recent years have seen the flourishing of various global IT and BPO companies like Concentrix, Teletech,
Teleperformance, Convergys, and Transcom in the area that provided abundant employment opportunities among the locals. This paved the way for the recognition “Best destination for BPO activities in the Visayas.”
The Negros First Cyber Centre (NFCC), an IT- BPO hub in the city, first opened in Bacolod in 2015. It houses several call center companies, commercial facilities, and IT/BPO institutions.
The complex was built to provide an ideal working environment for the said industries. Today, it is managed by the Negros First CyberCentre Joint Venture Enterprises, a partnership between the provincial government of Negros Occidental and Negros Property Management Development Corporation (NPMDC).
In 2019, Bacolod City was recognized as one of the top destinations for Business Process Outsourcing (BPO) companies. Global firm Colliers made a projection that Bacolod will be one of the preferred BPO hotspots in the country. The city was named as the third fastest-growing economy in the fields of IT and BPOs.
The Department of Information and Communications Technology (DICT) declared Bacolod as a “center of excellence” for IT-business process management operations in 2020.
Complementing this growth is the fact that Bacolod is also a leading English as a Second Language (ESL) hub in the region. English tutorial services are on the rise, according to Colliers International Philippines.
Major Health Information Management Hub
Aside from the BPO and IT Industry, Bacolod has named a major health information management (HIM) hub outside Metro Manila by Colliers International Philippines in 2017. This is due to the abundance of medical healthcare graduates such as nurses and allied medical graduates every year. HIM companies such as GrabSupport, Medstar Philippines, Transkripsyo, etc. are currently present in Bacolod.
Other college graduates in the city are found in the field of business, IT, math, and health sector. There’s also a steady growth of graduates entering the field of health information management (HIM) and software engineering. Graduates here are employed in various industries for their skills and professionalism that make them a valuable part of the workforce.
Highly Competitive City
The bright future of Bacolod not only shines within the region but is also recognized by different groups in the country. In recent years, the city has been consistently awarded various citations for its high economic growth and huge investing potential.
Both in 2017 and 2019, media outfit The Manila Times awarded Bacolod with the “Top Philippine Model City” award.
The Philippine Chamber of Commerce and Industry had the city as a finalist in the “Business-Friendly LGU” Award in 2018. In the said ceremony, Bacolod was the only highly urbanized city recognized outside of Metro Manila.
Recently, the city of Bacolod was recognized as a clean and green city, which makes it an ideal place to settle and invest. In Western Visayas, Bacolod is deemed as the next commercial and industrial hub.
According to the National Competitiveness Council (NCC) in an article by the Inquirer, the City of Smiles ranks ninth in the most competitive local government unit (LGU) based on economic dynamism, government efficiency, and infrastructure support.
Fast-growing Market Value
It’s no secret that real estate is booming in Bacolod. With the influx of many developments over the years, Bacolod has become a favorite property investment hub among businesses because of its fast-growing market value.
Various developers have chosen to open in Bacolod, paving the way to different types of establishments being constructed in the area. The idea of communicity wherein everything is available within reach (the supermarket, the shopping mall. schools, hospitals, churches, etc.) is the latest trend in property development. With our fast-paced environment, today’s way of living should be complemented with the right home that fits our lifestyle.
Condominiums are particularly on the rise in the city because of the comfort and convenience they offer. They are strategically located in a prime area to give the residents easy access to many essential establishments. They also offer world-class amenities including a swimming pool, tight security, sports facilities, a jogging trail, and many more.
Major Infrastructures in Strategic Locations
One good indicator of economic prosperity is the presence of well-established infrastructures that facilitate events and activities in the region. Bacolod has several major infrastructures that help shape the city’s growing economy.
In terms of transportation, Bacolod has an international airport called the Bacolod- Silay International Airport which serves as the main gateway for local and international flights in Metro Bacolod and nearby areas. The new airport was opened in 2008, replacing the old Domestic Airport. This allows passengers from Manila to reach the City of Smiles in less than an hour of air travel.
Bacolod has two major ports for vessel entry. The Banago Wharf and BREDCO Port feature different shipping lines such as 2Go Travel, Ocean Jet, Montenegro Lines, Supercat, Fast Cat, etc. Bacolod serves as a marine gateway to areas like Iloilo, Manila, Cagayan de Oro, etc.
In major road construction, the Bacolod- Negros Occidental Economic Highway (BANOCEH) is soon to be completed in 2022. The 49.8-kilometer highway has four lanes, three bridges, and a two-way bike lane. This will connect Bacolod City to Victorias City. It further connects to the Bacolod- Silay Airport Access Road going to EB Magalona and Victorias City.
Bacolod is also home to many sporting facilities and convention centers that attract many events organizers in the city. Big events like the 2007 ASEAN Football Championship and the 2005 South East Asian Games were held at the famous Panaad Stadium. Other notable facilities like the Negros Occidental Multi-Purpose Activity Center (NOMPAC) and Bacolod Arts & Youth Sports Center (BAYS Center) host events like the Masskara Festival and sports matches in the region.
Tourism Hotspot
Bacolod is always on the list of top places people want to visit. The city’s rich culture and beautiful tourism destination attract visitors to the City of Smiles, making it one of the most in-demand travel hotspots in the country. Tourists can enjoy various activities that range from visiting historical sites, eating fresh seafood, partying at the Masskara Festival, and many more.
For starters, The Ruins is always a good place to visit for its grandeur. Known as the the “Taj Mahal of the Philippines,” the structure has an interesting back story that adds to the charm of the place. It is the most photographed tourist destination in Bacolod.
Another good place to visit is The Negros Museum which showcases pieces of the city’s historic past. If you travel further down to Silay, Balay Negrense is another great museum to check to get a glimpse of the sugar industry in Bacolod in the 19th century. Silay City is regarded as an art hub in Negros featuring antique houses and memorabilia.
The San Sebastian Cathedral is an iconic church in Bacolod known for its baroque style of architecture. Built during the Spanish colonial times, the church is made up of sturdy materials coral stones, and lime. The centuries-old church is considered to be one of the most beautiful churches in the country.
Those looking for a good nature adventure should head down to either Campuestohan Highland Resort, which is a popular resort and theme park in the mountainside, or Mambukal Mountain Resort that offers hot springs and other amenities.
Lakawon Island is an emerging destination that has drawn the interest of many tourists. Found in Cadiz City, the island is where the famous Taw Hai Floating Bar is, which is the largest floating bar in Asia. Lakawon Island boasts of its powdery, white-sand shores and crystal-blue waters.
Lastly, what is a Bacolod trip without experiencing the world-famous Masskara Festival? Held every October, the Masskara Festival features a mardi gras parade that shows big colorful masks.
The celebration is marked with a dance competition in the streets. This annual event is a much-awaited festivity because of the big tourism drive to the area. People from all walks of life come to celebrate and experience the fun in Bacolod.
The six points above are just some of the reasons why Bacolod is called to be a business-friendly capital. More and more businesses are discovering the potential of the city as the next place of their investment. With a solid economy and a strong workforce, there’s no wonder why the City of Smiles continues to be a favorite investment destination. The city’s booming IT and BPO industry also helps boost the economic opportunities for the locals.
Because of these economic opportunities, Bacolod becomes an ideal place to settle and work. It was named one of the top livable cities in the country and the top model city of the Philippines.
Why invest in 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 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 amid 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, clubhouse, 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.
Camella Manors Bacolod 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-story high. A studio and a 1-bedroom unit measure 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.
Preselling of units is ongoing. To know more about Camella Manors Bacolod, click here. Reservations can also be done conveniently and hassle-free through our easy-to-use online payment facilities.
