EASTWOOD CITY CYBERPARK. The Eastwood City CyberPark is a 15-hectare master-planned, self-contained city and also distinguished as the country?s first IT Park. Today, Eastwood City brims with business centers that house IT companies and IT-focused educational institutions, placing the country on the global map of information technology. With incentives such as income tax holiday of up to eight years, tax and duty-free importation of capital equipment and permanent residency status for foreign.