Megaworld breaks ground for P2.3 billion Palawan condo

MANILA, Philippines — Andrew Tan-led property developer Megaworld has expanded its residential footprint in Palawan with the construction of its first condominium in its Paragua Coastown township in San Vicente, Palawan.

Megaworld is building the 10-story Oceanfront Premier Residences, which will offer 189 ‘smart home’ units in different unit sizes with total sales value of around P2.3 billion. The project is scheduled for completion in 2028.

“It will rise just a minute’s walk away from both the beach and the soon-to-rise Savoy Palawan. Future residents will be able to truly enjoy a luxurious resort lifestyle at Oceanfront Premier Residences and marvel at the beauty of the surrounding landscape since Paragua Coastown lies in between the pristine beach and the mountains,” JR Abustan, head of sales and marketing of Megaworld Palawan,  said.

Green and sustainability features will also be integrated into Oceanfront Premier Residences. These include low flow rate fixtures at toilet and kitchen areas to promote water conservation, occupancy sensors in hallways and parking floors that help conserve energy, equipment and air-conditioning units with high energy-efficiency rating, rainwater harvesting system, and its own materials recovery facility.

The two districts will provide convenient walkability through expansive sidewalks and bridges that will lead residents and guests to surrounding landscaped parks and gardens, an esplanade along the creek, and an upcoming Mangrove Reserve Park.

Megaworld recently launched the 10-story Savoy Palawan, which offers 306 guest rooms. It is the company’s first hotel in Palawan and the fourth property under the Savoy Hotel portfolio being managed and operated by Megaworld Hotels and Resorts.

Aside from these features, Paragua Coastown will also be highlighted by health and wellness sanctuaries, a cultural center, educational institutions, as well as more residential developments such as private villas, serviced apartments, and themed residential villages.

Paragua Coastown is being developed with about 52 percent of its 83-hectare area dedicated to nature-reserved and open areas.