Megaworld Unveils Pioneering Wellness-Focused Residential Development in Palawan
In a significant move to enhance its township portfolio, Megaworld Corp. is broadening its presence in Palawan with the introduction of a new residential project within its expansive Paragua Coastown in San Vicente. This development is strategically designed around a wellness-led approach, marking a notable shift in the Philippine real estate landscape.
Santé Residences Palawan: A First in the Philippines
The listed property developer has announced Santé Residences Palawan, a 14-story condominium that is targeting Well Residential certification. This initiative positions it as the first residential project in the Philippines to pursue this global standard, which emphasizes health and well-being in building design and operations.
Key features of the project include:
- 460 units spread across the high-rise structure.
- An estimated sales generation of approximately P6.5 billion upon completion.
- A targeted completion date set for 2031, aligning with long-term development goals.
Expanding Footprint in Paragua Coastown
This condominium represents Megaworld's third residential development within the 462-hectare Paragua Coastown township. The expansion underscores the company's commitment to transforming San Vicente into an emerging hub for tourism and real estate in northern Palawan.
In addition to residential projects, Megaworld is reinforcing this strategy by developing two hotels within the same township. These initiatives are expected to:
- Boost local tourism by providing enhanced accommodation options.
- Stimulate economic growth through increased property investments.
- Establish San Vicente as a premier destination for both residents and visitors.
By integrating wellness principles with sustainable development, Megaworld aims to set a new benchmark in the Philippine property market, catering to the growing demand for health-conscious living environments.
