Betting big on tourism regaining its footing, bilyonaryo Andrew Tan’s Megaworld Corp. is spending P40 billion in the next 10 to 15 years to transform 462 hectares of beachfront and inland properties in San Vicente, Palawan into an ecotourism township.
Megaworld’s 27th township, Paragua Coastown will be an integrated resort community with hotels and resorts, health and wellness sanctuaries,cultural center, 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.
It 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.
San Vicente has the longest white-sand beach in the Philippines, and the second longest beach in Southeast Asia, which is called the Long Beach, covering almost 15-kilometers of coastline – three times longer than Boracay.
The masterplanned development is strategically located within a few minutes away from the San Vicente Airport, which serves regular flights to and from Manila and Clark.
“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,” said Kevin L. Tan, chief strategy officer at Megaworld.
The first area to be developed is around 83-hectares of land in Kemdeng, which has its own beach line.
“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. Aside from the preserved natural surroundings of the beach, mountains and cliffs of San Vicente, we will also provide the facilities and amenities for holistic wellness for our future residents,” said Tan.