Connect with us

Hi, what are you looking for?

Latest Philippine News and Updates – Pmrsc.com

Business

Megaworld to build hotel, shopping district in Palawan

Megaworld to build hotel, shopping district in Palawan

Iris Gonzales – The Philippine Star

December 2, 2021 | 12:00am

The company expects to generate around P5 billion in sales from these projects.

STAR / File

MANILA, Philippines — Megaworld, the Andrew Tan-led property developer is developing a boutique hotel and shopping district in its P40 billion township in San Vicente, Palawan.

The company expects to generate around P5 billion in sales from these projects.

The master-planned Mercato Shophouse District and the Porto Hotel District will offer 240 lots ranging from 250 square meters to 599 sqm for shophouses, and 450 square meters to 1,199 square meters for boutique hotels.

The districts are strategically located in Kemdeng with its own beachline and are interconnected to each other, providing convenient walkability through expansive sidewalks and bridges.

They will have direct access to San Vicente town proper and the San Vicente Airport via the municipal and coastal roads that traverse the township.

This is the first area to be developed in the Paragua Coastown, which will also have several mixed-use developments, medical and wellness facilities, church, and other leisure and institutional amenities once completed.

“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.

Megaworld will also develop the other areas which include several town barangays and will mostly have access to Long Beach as well.

San Vicente Long Beach boasts of having the longest beach line in the country and the second longest in Southeast Asia.

There will also be residential and recreational offerings inside Paragua Coastown as well, Abustan said.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Entertainment

Don’t deny it: You’re seriously crushing on Choi Byung Chan (also known by his stage name Byungchan) right now. As of this writing, he’s starring...

Entertainment

Korean actor Wi Ha-joon is basking in the glory of the success of “Squid Game” and said he was excited to work with one...

Entertainment

Domz Ramos Fahsion designer Domz Ramos has apologized to broadcaster Ganiel Krishnan over his “Miss World or nothing remarks” recently. The full post of...

Entertainment

Jan Milo Severo – Philstar.com October 5, 2021 | 2:59pm Kylie Padilla and Aljur Abrenica at the 2019 ABS-CBN Ball Philstar.com / Kat Leandicho,...