BACOLOD’S retail sector is expected to expand over the next three years as major developers invest in commercial projects, supported by the city’s strong economic growth, according to a report by PRIME Philippines.
In report, PRIME said about 100,000 square meters of additional retail space is expected to enter the Bacolod market. The pipeline includes projects from Robinsons Land Corp., Megaworld Corp. and Rockwell Land Corp.
Among the major developments are the planned Upper East Mall of Megaworld, Rockwell’s second Power Plant Mall and the renovation of Robinsons Place Bacolod.
PRIME said the influx of premium retail space reflects growing investor confidence, although it may intensify competition among existing malls for tenants and consumer traffic.
PRIME cited Bacolod’s economic performance as a key driver of expansion. The city posted 7.7% economic growth in 2024, faster than the national average of 5.7%.
The city’s consumer base, estimated at 625,000 residents last year, was also identified as a growth factor.
PRIME added that the planned Panay-Guimaras-Negros Island bridge project could improve regional connectivity and support industrial development in Pulupandan, Negros. — Juliana Chloe A. Gonzales
