Iloilo Business Park Guide 2026
Updated August 2026 · Sources: Colliers PH, Megaworld, JLL Philippines
Prime Assets PH
Iloilo investment guide
Iloilo Business Park (IBP) is a 72-hectare master-planned township by Megaworld Corporation in the Mandurriao district of Iloilo City, Megaworld's largest single investment outside Luzon at ₱35 billion. Designed as Iloilo City's new central business district, IBP integrates BPO office towers, residential condominiums, retail centers, the Iloilo Convention Center, and lifestyle amenities into one walkable township. It is widely recognized as the anchor of Iloilo's transformation into the Philippines' next major investment and outsourcing hub outside Metro Manila.
72ha
Total township area
₱35B
Megaworld total investment
₱130K
Land price/sqm (2026)
Iloilo Business Park has attracted the world's largest BPO and IT-BPM companies, capturing 13% of total office deals outside Metro Manila as of H1 2024. Major locators include:
| Company | Sector | Notes |
|---|---|---|
| Concentrix | BPO / CX | One of IBP's largest employers |
| Teletech (TTEC) | BPO / CX | Major Iloilo City presence |
| TDCX | BPO | Premium CX operator |
| Transcom | BPO | European-headquartered CX firm |
| WNS Global | BPO / KPO | Financial services outsourcing |
| Carelon Global Solutions | Healthcare BPO | US health insurance outsourcing |
| Reed Elsevier | Publishing / KPO | Academic publishing operations |
| IQor | BPO | Customer lifecycle management |
| Hinduja Global Solutions | BPO | India-headquartered CX group |
| Nearsol | BPO | Nearshore outsourcing |
| Landers Superstore | Retail | First Panay Island location, 2026 |
| Iloilo Convention Center | MICE | Largest convention facility in Visayas |
Commercial land within Iloilo Business Park has appreciated dramatically. In 2015, land was priced at ₱30,000 to 39,000/sqm. By 2024 this rose to ₱101,000/sqm, with prime lots transacting at up to ₱130,000/sqm in 2026. Condominiums in Iloilo City have grown approximately 5.4% annually from 2016 to mid-2024 according to Colliers Philippines, competitive with Metro Manila residential markets.
Beyond the township, Iloilo's infrastructure pipeline is accelerating value appreciation across the city and province. Key projects include the Panay-Guimaras-Negros (PGN) Inter-Island Link Bridge, a ₱188 billion mega-project targeted for completion by 2030 that will transform connectivity across the Visayas, airport modernization at Iloilo International Airport, and the ₱30.11 billion 2026 Annual Investment Program endorsed by the Iloilo Provincial Development Council. JLL Philippines and Colliers have both cited infrastructure as the primary catalyst for Iloilo real estate growth in 2026.
Investors evaluating Iloilo real estate investment frequently compare the three major township corridors. Here's how they differ:
| Factor | Iloilo Business Park | Atria Park District | Cubillas Estate |
|---|---|---|---|
| Developer | Megaworld | Ayala Land | Independent, Prime Assets PH |
| Scale | 72 hectares | ~30 hectares | 53 hectares |
| Location type | Inland CBD | Inland mixed-use | Seafront, coastal township |
| Land price (2026) | ₱101,000–130,000/sqm | ₱80,000–100,000/sqm | Pre-inflection (below market) |
| BPO / office density | Very high, established | High, established | Development stage, IT-BPM potential |
| Seafront access | None | None | 53 ha of titled coastline |
| Tourism & leisure potential | Low | Low | Very high |
| PGN bridge impact | Indirect | Indirect | Direct coastal corridor |
| Appraisal & revenue potential | Fully priced in | Fully priced in | ₱2.2B appraised, ₱26B projected revenue |
| Entry point | High, established | High, established | Early mover, pre-inflection |
For qualified investors only
Considering the next Iloilo township?
While Iloilo Business Park and Atria are fully priced in, a 53-hectare seafront estate in Iloilo is available for acquisition or joint venture, appraised at ₱2.2 billion, with ₱26 billion in projected revenue potential, direct PGN bridge corridor exposure, and IT-BPM development upside. This is the seafront alternative to inland townships, at a pre-inflection entry point.
See the Seafront Alternative: Cubillas Estate →