Megaworld Corp. is expanding its township portfolio in Palawan with the launch of Santé Residences Palawan, a wellness-focused condominium project expected to generate P6.5 billion in sales.
The 539-unit development will rise within Paragua Coastown in San Vicente. The company said Monday in a disclosure to the stock exchange that the project is positioned as the first WELL-registered residential property in the Philippines, aligning with global standards for health, sustainability and overall well-being.
Santé Residences Palawan is Megaworld’s third residential project in the ecotourism township, following Paragua Beach Village and Oceanfront Premier Residences. The project is scheduled for completion by 2031.
Megaworld said the development supports its strategy of expanding outside Metro Manila by tapping emerging tourism destinations. Palawan remains one of the country’s top tourist draws, supported by improving infrastructure and increasing visitor arrivals.
The project will offer studio to three-bedroom units, including bi-level layouts, with sizes ranging from about 34 square meters to more than 140 square meters. All units will have private balconies with views of the coast, the township landscape and nearby forest areas.
Megaworld said all units will be equipped with wireless smart home systems, allowing residents to remotely manage lighting and selected appliances. The development will also integrate sustainability features such as energy-efficient fixtures, rainwater harvesting systems and electric vehicle-ready parking slots.
Paragua Coastown is being positioned as a mixed-use tourism and lifestyle hub. Aside from residential projects, Megaworld is developing two hotels within the township: Savoy Hotel Palawan and Paragua Sands Hotel. The hotels will have a combined 548 rooms once completed.
The company said the addition of hotel and residential components is expected to enhance the overall value of the township while supporting tourism activity and local employment in San Vicente.
San Vicente has been identified as one of Palawan’s next growth centers. Megaworld said its investments in the area are aimed at capturing early-mover advantages as tourism and real estate activity accelerate.
