Mar. 23, 2022

Megaworld, the Andrew Tan-led property developer is developing a boutique hotel and shopping district in its P40 billion township in San Vicente, Palawan.

The company expects to generate around P5 billion in sales from these projects.

The master-planned Mercato Shophouse District and the Porto Hotel District will offer 240 lots ranging from 250 square meters to 599 sqm for shophouses, and 450 square meters to 1,199 square meters for boutique hotels.

The districts are strategically located in Kemdeng with its own beachline and are interconnected to each other, providing convenient walkability through expansive sidewalks and bridges.

They will have direct access to San Vicente town proper and the San Vicente Airport via the municipal and coastal roads that traverse the township.

This is the first area to be developed in the Paragua Coastown, which will also have several mixed-use developments, medical and wellness facilities, church, and other leisure and institutional amenities once completed.

“Our eco-tourism township offers businesses and entrepreneurs such as hotel owners, restaurateurs, coffee shop and bar operators, and retail shop owners to own land in San Vicente, particularly inside our master-planned beachside development. This district that we are developing in Kemdeng will have close access to the coastline of Long Beach Area of San Vicente, which has been designated as a Tourism Enterprise Zone (TEZ) of the Tourism Infrastructure and Enterprise Zone Authority (TIEZA),” said JR Abustan, head of sales and marketing, Megaworld Palawan.

TIEZA’s Tourism Enterprise Zones have special incentives for tourism-related businesses such as tax holidays.

Megaworld will also develop the other areas which include several town barangays and will mostly have access to Long Beach as well.

San Vicente Long Beach boasts of having the longest beach line in the country and the second longest in Southeast Asia.

There will also be residential and recreational offerings inside Paragua Coastown as well, Abustan said.

The Original article found on philstar, written by Iris Gonzales on December 2, 2021