Negosyante News

November 22, 2024 2:54 am

Megaworld Projects P3-Billion Sales from Upcoming Palawan Condo Development

Megaworld Corporation, led by tycoon Andrew Tan, is set to develop its first upscale residential condominium in Puerto Princesa, Palawan, within the Baytown Palawan township. The project, named The Bellagio Palawan, is expected to generate around P3 billion in sales.

The 12-storey condominium will feature 188 “smart home” units equipped with wireless systems accessible via a dedicated phone app. The project is targeted for completion by 2030.

Javier Romeo Abustan, Vice President for Sales and Marketing, described the development as a vibrant lifestyle estate, envisioning Baytown as the “new lifestyle capital” of Puerto Princesa, akin to the energy of Forbes Town in BGC.

Baytown Palawan is one of Megaworld’s two township developments in the province, alongside the 462-hectare Paragua Coastown ecotourism township in San Vicente, which boasts the Philippines’ longest beachline.

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