South of the Bonifacio Global City is an approximately 119-hectare area of prime property for development. The Bonifacio South properties is a master-planned area where a mix of residential, civic/institutional, commercial areas and recreation/open spaces abound to complement the Bonifacio Global City. A 34.5-ha. mixed-use development is already underway in accordance with the Joint Venture Agreement between BCDA and the Megaworld Corporation. While the remaining parcels are presently occupied by military installations and support units, these parcels of land shall be prepped with utility lines and road networks and will be disposed eventually through competitive bidding.