M Castle to build US$1 billion resort
Korean developer M Castle Philippines Ltd. Co. has proposed to build a resort in Subic Bay Freeport at a cost of US$1 billion. M Castle will develop a 615-hectare property at the nearby town of Morong in Bataan.
The project, to be called Resom Resort City-Subic, will include the development of an integrated world-class recreational leisure resort featuring beach condominium units and villas, a five-star casino-hotel, a marina, and a 36-hole golf course. M Castle also intends to establish within the complex a water park, a convention facility, a medical centre, a shopping mall, and an English-language learning centre.