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PARAGUA COASTOWN NEWS
​SEPTEMBER 3, 2024
9AM
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Effective September 30, 2024, there will be a 5% price increase across all Paragua Coastown projects, including Oceanfront Premier Residences, Mercato Shophouse District, Porto Hotel District, and Paragua Beach Village. Secure your investment now before the new rates take effect!
​JUNE 26, 2024
10AM
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Exciting progress at Paragua Coastown! Watch our latest construction video update to see the impressive strides being made at this landmark development in San Vicente, Palawan. The future of luxury island living is taking shape!
​APRIL 30, 2024
8AM
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Exceptional news: All projects in Paragua Coastown, San Vicente, Palawan, are experiencing multiple price increases. This reflects the heightened market value and the prestige of our developments. Congratulations to our valued investors on this significant milestone!
​JANUARY 5, 2024
11AM
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A vision unfolds! We are thrilled to announce the ceremonial groundbreaking of Oceanfront Premier Residences, Paragua Beach Village, Savoy Hotel Palawan, Mercato Shophouse District, and Porto Hotel District in Paragua Coastown, San Vicente, Palawan. The future of luxury island living is being built today."
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​JULY 31, 2023
1PM
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A moment of celebration: We are pleased to announce a 5% price appreciation across Mercato Shophouse District, Paragua Beach Village, Porto Hotel District, and Savoy Hotel Palawan in Paragua Coastown, San Vicente, Palawan. Congratulations to our esteemed investors—your vision continues to yield exceptional rewards.
​JULY 5, 2023
9AM
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Megaworld to build its first beachside residential condo in San Vicente, Palawan!
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Property giant Megaworld is launching yet another milestone development within Paragua Coastown, its expansive ‘ecotourism’ township in San Vicente, Palawan.
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The 10-story OCEANFRONT PREMIER RESIDENCES will offer 189 ‘smart home’ units in varying types with sizes ranging from Studio with Balcony (32 square meters), Executive Studio (up to 42 square meters), Executive Studio with Balcony (up to 38, square meters), One Bedroom with Balcony (44 square meters), Executive One Bedroom with Balcony (up to 54 square meters), One Bedroom Premier Suite with Balcony (up to 71 square meters), Two Bedroom (64 square meters), Two Bedroom with Balcony (up to 71 square meters), and Two Bedroom Premier Suite with Balcony (up to 105.5 square meters).​​​​​​​​​​​​​
“Our first-ever residential condominium development will rise just a minute’s walk away from both the beach and the soon-to-rise Savoy Palawan. Future residents will be able to truly enjoy a luxurious resort lifestyle at Oceanfront Premier Residences and marvel at the beauty of the surrounding landscape since Paragua Coastown lies in between the pristine beach and the mountains. What’s more, families will also enjoy our new unit varieties—our One Bedroom and Two Bedroom Premier Suites—which come with several features specifically designed to give active adults the freedom and ease of movement throughout their space,” says JR Abustan, head of sales and marketing, Megaworld Palawan.
Smart features in a beachside address
All units at Oceanfront Premier Residences will feature wireless smart home systems. The system can be accessed remotely using a dedicated phone app, which allows residents to enjoy the ease and convenience of controlling a variety of features inside their units, including lighting fixtures and other smart appliances in the living, kitchen, dining areas, and the bedroom.
Architecture inspired by its rich, beautiful landscape
The tower’s facade features a modern contemporary design inspired by the waves of the ocean, as seen through layered precast elements that give the impression of movement and fluidity. Earth and water tones complement the green planters on the podium, which allows the facade to blend more seamlessly with its tropical surroundings. Enveloping the entire structure at the podium level are gradient, turquoise-colored vertical slats that mirror the pristine waters of Palawan.
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​​​Retail areas will also be accessible to future residents at the ground level. The third-floor central amenity area, meanwhile, is highlighted by an infinity pool, which comes with a layered cascading water feature, and faces the vast Pagdanan Bay. This can also be seen at the facade and lends an even more charming character to the look of the entire development.
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Also hosted on the third floor are other amenities, which include a kiddie pool, in-pool lounge and pool deck, reading nook and meditation area, and outdoor lounges. Other amenities that future residents can enjoy include a function room, fitness center with yoga area, co-working space, game room, and daycare. Residents will also be able to enjoy WiFi access throughout the entire amenity area.
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A variety of green and sustainability features will also be integrated into Oceanfront Premier Residences. These include low flow rate fixtures at toilet and kitchen areas to promote water conservation, occupancy sensors in hallways and parking floors that help conserve energy, equipment and air-conditioning units with high energy-efficiency rating, rainwater harvesting system, and its own materials recovery facility.
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About 52% of the 83-hectare area currently being developed inside Paragua Coastown is dedicated to nature-reserved and open areas.
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Megaworld expects to generate around P2.3 billion in sales from Oceanfront Premier Residences, which is scheduled for completion in 2028.
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In 2021, Megaworld launched the master-planned Mercato Shophouse District and Porto Hotel District that are both set to be strategically located in Kemdeng with its own beachline. Interconnected with each other, the two districts will provide convenient walkability through expansive sidewalks and bridges that will lead residents and guests to surrounding landscaped parks and gardens, an esplanade along the creek, and an upcoming Mangrove Reserve Park.
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Just recently, Megaworld also launched the 10-storey Savoy Palawan, which offers 306 guest rooms. It is the company’s first hotel in Palawan and the fourth property under the Savoy Hotel portfolio being managed and operated by Megaworld Hotels and Resorts. Aside from these features, Paragua Coastown will also be highlighted by health and wellness sanctuaries, cultural center, educational institutions, as well as more residential developments such as private villas, serviced apartments, and themed residential villages.
The town of San Vicente is known to have the longest white-sand beach in the Philippines, and the second longest beach in Southeast Asia, which is called the Long Beach, covering almost 15-kilometers of coastline – three times longer than Boracay’s White Beach.
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Oceanfront Premier Residences is the latest residential condominium development offering in Palawan from Megaworld, the only Philippine real estate development company to earn a ‘Hall of Fame’ distinction as ‘Best Developer’ after winning the Outstanding Developer Award at the Property and Real Estate Excellence Award by FIABCI Philippines for three straight years (2015, 2016, and 2017). The company was also named the ‘Best Developer’ at the prestigious Philippines Property Awards by PropertyGuru for three consecutive years (2016, 2017, and 2018).
MARCH 1, 2023
9AM
Congratulations on the 5% price increase in Paragua Coastown's Mercato Shophouse District, Paragua Beach Village, and Porto Hotel District! This milestone reflects the rising demand and value of properties in San Vicente, Palawan. Here’s to your investment flourishing even more!
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JANUARY 15, 2023
8AM
MEGAWORLD TO OPEN HOTEL IN 2028!
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Township developer Megaworld Corporation is building its first hotel property in Palawan which it aims to open in five years or in 2028. In a disclosure to the Philippine Stock Exchange, the firm said its 10-storey SAVOY PALAWAN will offer 306 guest rooms and suites in varied layouts in the 462-hectare Paragua Coastown it is developing in San Vicente, Palawan.
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“This will be our first hotel in Palawan, which will be the fourth Savoy Hotel in our portfolio,” said Megaworld Hotels and Resorts Managing Director Cleofe Albiso.
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She added that, “As we continue to tap on the rising opportunities in Philippine tourism, we also hope to meet the demand for accommodations in San Vicente, which is known to have the longest beach line in the entire country.” Savoy Palawan will just be a five-minute walk to the beach and just a few steps away from the township’s Mangrove Reserve Park.
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It will have its own swimming pool with a separate kiddie pool, and a pool deck at the third level of the hotel. It will also have its own fitness center, spa with wet and dry sauna, and a kid’s club.
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There will also be four food and beverage outlets in the hotel: an all-day dining restaurant with alfresco area, Zabana Bar & Lounge, Grill Bar with Outdoor Dining, and a specialty restaurant.
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Savoy Palawan will also have its own ballroom and smaller function rooms with pre-function areas as well as a business center and meeting room.
Suite and VIP guests will also have exclusive access to the Executive Lounge that offers beverages and hors d’oeuvres all throughout the day, as well as breakfast in the morning.
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“Savoy Palawan will highlight some sustainability features that will make it as a luxury green hotel. The hotel’s equipment and machines will be certified ‘energy-efficient’ and we will also be using recycled water for washing from our rain harvesting facility,” said Albiso.
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She noted that, “Since Paragua Coastown will also be a bike-friendly community, we will provide facilities for bikes in our hotel.” Savoy Palawan will be the 17th hotel property launched by Megaworld Hotels and Resorts, the country’s largest operator of homegrown hotel brands.
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Out of the 17 hotel properties launched, 12 are operational while five more are in the pipeline including Savoy Palawan and Grand Westside Hotel in Parañaque City, which is poised to be the biggest hotel in the Philippines once it opens.
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ARTICLE: Megaworld to open Palawan hotel in 2028 (mb.com.ph)
JANUARY 14, 2023
10AM
The long wait is finally over!
The country’s largest developer and operator of homegrown Filipino hotel brands, is building its first hotel property in Palawan!
September 30, 2022
3pm
We are more than grateful for your decision to invest and be part of Megaworld Corporation’s 1st sustainable eco-tourism township, Paragua Coastown.
With the success of the recent Paragua Beach Village exclusive event, your residential lot value has now appreciated, making it one of the best property investment decisions you made to date.
We’re very much excited to have you be part of the Platinum family, because now, life on the island has never been better!
July 10, 2022
11am
FULL HOUSE! Grand Investor's Day at Kingsford Hotel Manila. Featuring the 1st Eco-Tourism Township of Megaworld Corporation, the Paragua Coastown.
This one of a kind township is going to be develop at San Vicente Palawan also known as "Palawan's Hidden Gem".
We would like to congratulate all the clients who got their investment in the event and welcome on being one of the pioneering investors in Paragua Coastown!
May 1, 2022
8:00am
Paragua Coastown opened 14 Mercato Shophouse Commercial Lots due to high demand. Don't miss this chance to own a prime commercial lot in the hottest development in San Vicente Palawan
May 1, 2022
8:00am
CONGRATULATIONS! All lot owners may now enjoy the 5% increased value on their property!
