Megaworld, the country’s pioneer developer of integrated urban townships, together with its wholly-owned subsidiary Suntrust Properties, Inc., will develop a 6-hectare property into a ‘lifestyle estate’ in Puerto Princesa City, Palawan.
Located along the Puerto Princesa South Road in Palawan’s capital city and overlooking the Puerto Princesa Bay, BAYTOWN PALAWAN will be Megaworld’s 31st township development in the country. It will host residential condominium projects, hotels, as well as commercial retail developments.
“Finally, we are building our signature concept of a ‘lifestyle estate’ in this Palawan capital city where the residential components of the township perfectly blend with the commercial hub, and of course, the hotel developments within the mix as well. Our themed residential condominium clusters will complement the city’s relaxing natural environment,” says Harrison Paltongan, president, Suntrust Properties, Inc.
“We are bringing the vibrant concept of our very own Forbes Town BGC to Puerto Princesa. We are excited on how Baytown will be able to transform the cityscape of Puerto Princesa,” says Javier Romeo Abustan, vice president of sales and marketing, Megaworld Palawan.
Most of the residential condominium clusters inside BAYTOWN PALAWAN will be developed by Suntrust Properties. Megaworld will also be developing an upscale and exclusive residential community within the lifestyle estate.
The company is slated to start land development by next year. It is allocating P7 billion to develop the lifestyle estate in the next 5 years.
BAYTOWN PALAWAN is Megaworld’s second mixed-use development project in the Province of Palawan. On the other hand, this is Suntrust’s first development in the province as part of its expansion across the country.
Megaworld is currently developing the 462-hectare PARAGUA COASTOWN, an eco-tourism community in San Vicente, which is known to have the longest beachline in the country.
PARAGUA COASTOWN has already launched several residential, commercial, and hotel projects during the past two years, and land development is currently ongoing.