MEGAWORLD Corp. will be spending P40 billion to develop an eco-tourism township in Palawan in the next 10 to 15 years, Andrew L. Tan’s listed property company said in a statement on Monday.
“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,” said Kevin Andrew L. Tan, chief strategy officer of Megaworld. Paragua Coastown will be located in a 462-hectare property that will feature the beaches along the San Vicente coastline, including Port Barton. The development’s name took inspiration from Palawan’s old name, Paragua. The first area to be developed in the project is around 83 hectares of land in Kemdeng, which has its own beaches. “More than just sustainable tourism, our vision for this expansive Palawan property is to provide an opportunity to those who want the island life to live and even raise their families here,” Mr. Tan said. Readmore: https://www.bworldonline.com/megaworld-to-develop-p40-b-palawan-township/?fbclid=IwAR3BF8__Ny-mH5j0AAUO19z5m8zvnUKgzHnksF0qYEajDuiyya07a7abP18
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Verdant lands meet the blue sea in San Vicente. Megaworld is pouring in some P40 billion to develop Paragua Coastown, a world-class development that will reflect the company’s thrust towards sustainability, confidence in the recovery of the leisure travel market, and vision to provide a well-meaning opportunity to those who want to live the island life. Paragua—which literally means “beside” (para) “water” (agua)—is the former name of Palawan when the Americans established civil rule in the northern part of the province after the 1902 Philippine-American War. A year after, the province was re-organized to include the southern part and was renamed Palawan with Puerto Princesa as its capital. ECO-TOURISM COMMUNITY “Paragua Coastown will be our first eco-tourism community covering beachfront and inland properties in San Vicente, Palawan,” said Kevin Tan, chief strategy officer of Megaworld. Read more: https://www.pressreader.com/philippines/philippine-daily-inquirer-1109/20211023/282230898893878www.pressreader.com/philippines/philippine-daily-inquirer-1109/20211023/282230898893878 Buying the right beach property can bring an excellent return on investment, a steady recurring income stream and access to a world-class vacation destination.
Read more: https://business.inquirer.net/337603/the-guide-to-investing-in-a-seaside-property#ixzz7Mo7q28aU For inquiries or online presentation kindly send us a message. Megaworld investing P40B for a 462-ha township in Palawan Tycoon Andrew Tan-led property developer Megaworld Corp. is investing about P40 billion to develop beachfront and inland properties spanning 462 hectares in San Vicente, Palawan into an “eco-tourism” township.
The estate, called Paragua Coastown, reflects Megaworld’s conviction on the long-term prospects of tourism in the Philippines despite the massive disruption caused by the prolonged COVID-19 pandemic. Megaworld said Paragua Coastown would 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. Read more: https://business.inquirer.net/331016/megaworld-investing-p40b-for-a-462-ha-township-in-palawan#ixzz7OL41d94o Follow us: @inquirerdotnet on Twitter | inquirerdotnet on Facebook Read more: https://business.inquirer.net/331016/megaworld-investing-p40b-for-a-462-ha-township-in-palawan#ixzz7OL3hVKTR |