The paradise island of Palawan has once again claimed the global spotlight, outshining destinations like Bali and the Maldives to secure its latest honor as the fourth best island in Asia in Condé Nast Traveler’s 2025 Readers’ Choice Awards. This distinction adds to Palawan’s growing collection of prestigious accolades that reaffirm its status as one of the world’s most celebrated travel destination.
But beyond its breathtaking landscapes and pristine shores, Palawan holds immense untapped potential-an economic upswing fueled by the rise of various property and hospitality investments. These opportunities are poised to transform the island into a model of sustainable development and tourism excellence. This is the very promise that real estate giant Megaworld aims to fulfill as it brings its signature township developments to Palawan, setting the stage for progress, innovation, and world-class living in paradise.
With over 36 years of expertise in building master planned, sustainable communities in key destinations across the country, Megaworld is spearheading the transformation of Palawan’s investment and tourism landscape by delivering world-class communities through two of its integrated developments: the six-hectare lifestyle estate Baytown Palawan in Puerto Princesa City and the expansive eco-tourism township Paragua Coastown in San Vicente, Palawan.
Bringing the best of BGC to Palawan
Baytown Palawan is a lifestyle estate being developed by Megaworld, together with its wholly-owned subsidiary Suntrust Properties, Inc. Strategically located along the Puerto Princesa South Road, this master planned township is inspired by the dynamic energy of Megaworld’s Forbes Town township in Bonifacio Global City (BGC), where themed residential condominium developments are thoughtfully integrated with vibrant commercial hubs and world-class hotel developments.
Last year, the company unveiled the 12-story The Bellagio Palawan, its first upscale residential condo in the township that features 188 ‘smart home’ units, as well as the city’s first heated infinity pool on a roof deck of a residential tower overlooking the scenic Puerto Princesa Bay.
An eco-tourism estate within world-class address
Over on the other side of Palawan, strategically located just a few minutes away from the San Vicente Airport, is another premier Megaworld development: the 462-hectare Paragua Coastown.
This eco-tourism township is located on the side of Palawan that features some of the most beautiful beaches, including Port Barton, one of the town’s most famous tourist attractions. Home to the longest white sand beach in the Philippines, San Vicente, Palawan takes center stage in Megaworld’s expansion in the province as the company invests around P40 billion to bring Paragua Coastown to life in the next 10 to 15 years.
To date, Megaworld has already launched several property developments in Paragua Coastown. Construction is underway for the 10-story Oceanfront Premier Residences, the company’s first beachside condominium in San Vicente that features 189 smart home units with panoramic views of the sea and mountains.
The company is also developing the Mercato Shophouse District and Porto Hotel District in the township, offering 240 lots for shophouses and boutique hotels. Designed for walkability, the districts will feature landscaped parks, an esplanade, and access to the Mangrove Reserve Park via an iconic bridge. With proximity to Long Beach, a Tourism Enterprise Zone under TIEZA, investors can enjoy tax incentives for tourism-related businesses.
Megaworld is also developing two hotels within Paragua Coastown. First is the 10-story Savoy Hotel Palawan, which offers 306 rooms designed for travelers seeking a premium island experience. It will feature world-class amenities, including a swimming pool, fitness center, spa, and four dining outlets, as well as function rooms and an exclusive Executive Lounge for VIP guests.
Nearby, the 10-story Paragua Sands Hotel will feature 313 rooms, including Specially-Abled Suites, catering to a diverse range of tourists. The hotel will offer breathtaking views of Pagdanan Bay and lush mountain landscapes, and is poised to become a prime choice for visitors exploring San Vicente’s pristine natural attractions. Both hotels, located just minutes from the beach and the Mangrove Reserve Park, integrate luxury, comfort, and sustainability, setting a new standard for hospitality in this eco-tourism destination.
As Megaworld continues to invest in Palawan, the island’s reputation as a top-tier tourism and investment destination is bound to be realized in the years to come. These projects spearheaded by Megaworld are not only designed to attract global travelers and investors but also to create new opportunities for local communities that will further reinforce Palawan’s role as a model for sustainable progress in the Philippines. ###
