Specialist developer of ready-built and custom-built facilities
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RBF Development Corporation is the developer and manager of the ready-built facilities (RBF) located in Carmelray Industrial Park II. The company is a joint venture between Ascendas ( Philippines ) Corporation and Masagana Holdings Corporation, an investment holding company in the Philippines .

Established in January 1999, Ascendas ( Philippines ) Corporation is a wholly-owned subsidiary of Singapore-based Ascendas Pte Ltd , the synergistic merger between Arcasia Land and JTC International's (JTCi) Business Parks and Facilities Group.
 

Ascendas flagship projects include:

     • Singapore Science Parks I, II & III, Singapore
     • International Tech Park Bangalore , India
     • Ascendas-Xinsu Development- Suzhou , China
     • Carmelray Industrial Park II, Philippines

Backed by a strong team of professionals across its key markets, Ascendas has a total of S$ 5.67 billion in assets and business environments spread over 34 million square feet.