Megaworld to spend P7B for lifestyle estate in Palawan

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Megaworld Corp. said it is spending an initial P7 billion for a “lifestyle estate” in Puerto Princesa City in Palawan, together with its unit Suntrust Properties Inc.

The 7-hectare Baytown Palawan will be Megaworld’s 31st mixed-use development in the country that will feature residential condominiums, hotels and commercial retail spaces.

It will be located along the Puerto Princesa South Road in the city.

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“Finally, we are building our signature concept of a ‘lifestyle estate’ in this Palawan capital city where the residential components of the township perfectly blend with the commercial hub, and of course, the hotel developments within the mix as well. Our themed residential condominium clusters will complement the city’s relaxing natural environment,” said Harrison Paltongan, president of Suntrust Properties.

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