Megaworld sees P3-billion sales from soon-to-rise Palawan condo

Tycoon Andrew Tan’s property giant Megaworld Corporation on Tuesday said it is developing its first upscale residential condominium within its Baytown Palawan township in Puerto Princesa, Palawan.

In a disclosure to the Philippine Stock Exchange, Megaworld said it expects to generate around P3 billion in sales from the new residential condominium project, The Bellagio Palawan.

Targeted for completion by 2030, the 12-storey residential condominium will offer 188 “smart home” condo units, featuring wireless smart home systems that can be accessed remotely using a dedicated phone app.

“The Bellagio Palawan will serve as the gateway to Baytown Palawan. Once completed, it will become a vibrant lifestyle estate that will mirror the excitement that characterized Forbes Town in BGC through the years. We envision Baytown to be the ‘new lifestyle capital’ of Puerto Princesa City,” said sales and marketing VP Javier Romeo Abustan.

Baytown Palawan is one of two Megaworld township developments in Palawan, a lifestyle estate it is developing with its wholly owned subsidiary Suntrust Properties Inc. 

The company is also developing the 462-hectare Paragua Coastown ecotourism township in San Vicente, famous for the Philippines’ longest beachline. — Ted Cordero/BM, GMA Integrated News