PUERTO PRINCESA CITY, Palawan – Megaworld, the Philippines’ leading developer of integrated urban townships, and its subsidiary Suntrust Properties, Inc., are set to transform a 6-hectare property into a ‘lifestyle estate’ in Puerto Princesa City, Palawan.
The project, named BAYTOWN PALAWAN, will be Megaworld’s 31st township development in the country and is positioned along the Puerto Princesa South Road, offering a picturesque view of the Puerto Princesa Bay.
This new development aims to blend residential condominiums, hotels, and commercial retail spaces seamlessly. “We are thrilled to introduce our signature ‘lifestyle estate’ concept to Palawan’s capital. The design of our residential condominium clusters will harmonize with the city’s serene natural setting,” stated Harrison Paltongan, President of Suntrust Properties, Inc.
Adding to the excitement, Javier Romeo Abustan, Vice President of Sales and Marketing at Megaworld Palawan, commented, “We’re bringing the dynamic feel of Forbes Town BGC to Puerto Princesa, and we look forward to how Baytown will reshape the city’s landscape.”
Suntrust Properties will predominantly develop the residential condominium clusters in BAYTOWN PALAWAN, while Megaworld will introduce an upscale residential community within the estate. The project is scheduled to commence land development next year, with an investment of P7 billion planned over the next five years.
BAYTOWN PALAWAN is Megaworld’s second mixed-use project in Palawan, following the 462-hectare PARAGUA COASTOWN in San Vicente. This eco-tourism community, boasting the country’s longest beachline, has already launched various residential, commercial, and hotel developments, with land development currently underway. The new project marks Suntrust’s first venture in Palawan, signifying its expansion throughout the country.
BusinessNewsAsia.com