Megaworld Sets Aside P40B For Palawan Township

Property giant Megaworld is developing 462 hectares of beachfront and inland properties in San Vicente, Palawan into an ‘eco-tourism township’, as the company remains optimistic about the fast recovery of the country’s tourism industry after the pandemic.

Photo Insert: San Vicente, Palawan coastline

To be named Paragua Coastown, this 27th Megaworld township will feature some of the most beautiful beaches along the coastline of San Vicente, including Port Barton, one of the most famous tourist attractions of the town known for its 22 small islands.

It is also strategically located within a few minutes away from the San Vicente Airport, which serves regular flights to and from Manila and Clark. Paragua Coastown will be highlighted by hotels and resorts, health and wellness sanctuaries, cultural centers, educational institutions, a boutique hotel district, a shophouse district, as well as residential developments such as private villas, serviced apartments, themed residential villages, and a mangrove reserve park.

“As we grow our sustainable developments portfolio, this new township in the beautiful town of San Vicente in Palawan will showcase the best of sustainable tourism and green living. While we transform it into a world-class development, we also commit to the preservation of the island’s biodiversity,” says Kevin L. Tan, chief strategy officer, Megaworld.

Megaworld is allocating P40-billion to develop Paragua Coastown in the next 10 to 15 years. The first area to be developed is around 83-hectares of land in Kemdeng, which has its own beach line.

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