South Korean-backed Hann Philippines Inc. has taken another step forward in the development of its Hann Reserve project after securing registration with the Philippine Economic Zone Authority (PEZA) as a tourism enterprise.
As reported by local media, the registration agreement covers the company's integrated mixed-use development in Capas, Tarlac, allowing Hann Philippines to operate tourism-related facilities within the economic zone while benefiting from the fiscal incentives available under PEZA's investment framework.
The agreement, signed by PEZA Director General Tereso Panga and Hann Philippines Vice President for Finance, Corporate Secretary and Treasurer Mitchell Estacio, covers an initial investment of PHP 10bn. According to PEZA, the project is expected to generate more than 220 jobs during its development.
Under the registration, Hann Reserve will feature a range of tourism facilities, including what PEZA described as the Philippines' first Professional Golfers' Association of America-affiliated golf courses, together with clubhouses, food and beverage outlets, and other hospitality amenities.
PEZA said the approval demonstrates continued investor confidence in the country's economic zones while reinforcing New Clark City's position as an emerging destination for tourism and investment.
The latest milestone builds on PEZA's decision in 2025 to reclassify Hann Reserve from a tourism economic zone into a mixed-use special economic zone, allowing the project to accommodate a broader mix of investments beyond traditional hospitality.
Hann Reserve began preview operations on January 31 as preparations continue for its full commercial launch. The wider 455.6-hectare development is planned in multiple phases, with future stages incorporating manufacturing, agro-industrial and information technology projects, alongside residential neighborhoods, retail facilities, an international school, public parks and additional golf attractions.
Once completed, Hann Reserve will significantly expand Hann Philippines' footprint in Clark, complementing the company's existing 11-hectare Hann Casino Resort. PEZA said the long-term project is expected to create employment opportunities, support local businesses and contribute to sustained economic growth across the region.
Hann Reserve is part of a 455.6-hectare mixed-use special economic zone that will eventually include tourism, residential, retail, education and technology developments
