Philippine Daily Inquirer Digital Edition

Why San Vicente, Palawan is the next best place to bring your business to

Property giant Megaworld has begun development of a shophouse district and boutique hotel district within its 42-hectare property, Paragua Coastown

The tranquil, scenic beach town of San Vicente, Palawan has all the makings of a sustainable, business-friendly community.

For one, this town in northeast Palawan hosts a local airport that serves regular flights to and from the town and has close proximity to the sea, opening it up to the rest of the country. It also has vast, verdant lands providing not only a much-needed calming sight for the world-weary, but also potential places that can be transformed into commercial and residential spaces.

Of course, it is also home to the Long Beach, the town’s main tourist draw that has the distinction of being the longest beach line in the country and the second longest in Southeast Asia.

It’s safe to say that San Vicente is ripe for transformation into a world-class destination that rivals its neighbors Coron, El Nido, and even Boracay—all while retaining its pristine, natural beauty—and pioneering township developer Megaworld is at the helm as it commences development of a sustainable boutique hotel and shophouse district within its 462-hectare eco-tourism township, Paragua Coastown.

A commercial district by the sea

Strategically located in Kemdeng with its own beachline, the master-planned Mercato Shophouse District and the Porto Hotel District will offer 240 lots ranging from 250 square meters to 599 square meters for shophouses, and 450 square meters to 1,199 square meters for boutique hotels.

The Mercato Shophouse District and Porto Hotel District are interconnected to each

other, providing convenient walkability through expansive sidewalks and bridges. This district is also surrounded by landscaped parks and gardens, and an esplanade along the creek. It will also have access to

the Mangrove Reserve Park via an iconic bridge.

“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.

The Mercato Shophouse District and Porto Hotel District will have direct access to the San Vicente town proper and the San Vicente Airport via the municipal and coastal roads that traverses the township.

Megaworld expects to generate around P5-billion in sales from these projects.

An eco-tourism community for all

This first area of the expansive Paragua Coastown that is being developed in Kemdeng will also have several mixed-use developments, medical and wellness facilities, church, and other leisure and institutional amenities once completed.

Other areas for future developments within Paragua Coastown include several town barangays, which will mostly have access to Long Beach as well.

“We will definitely have unique residential and recreational offerings inside Paragua Coastown as well. What we are building here will hopefully help San Vicente become the most popular eco-tourism spot in Palawan and the entire country. But of course, we give utmost importance to sustainable real estate because this is what everyone will be looking for when they decide to invest in Palawan,” Abustan added.

Megaworld has allocated P40-billion to develop the entire eco-tourism township in the next 10 to 15 years.

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 masterplanned beachside development

JR Abustan Head of sales and marketing, Megaworld Palawan

PROPERTY

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2021-12-04T08:00:00.0000000Z

2021-12-04T08:00:00.0000000Z

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