Township developer Megaworld Corporation is launching the P2.3 billion Oceanfront Premier Residences—the first residential condominium in its ecotourism township Paragua Coastown in San Vicente, Palawan.
In a disclosure to the Philippine Stock Exchange, the firm said the 10-story project will offer 189 smart home units in varying types with sizes ranging from Studio with Balcony (32 square meters) up to Two Bedroom Premier Suite with Balcony (105.5 sqm).
Oceanfront Premier Residences in Paragua Coastown, San Vicente, Palawan
“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,” said Megaworld Palawan Sales and Marketing Head JR Abustan.
He added that, “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,” Abustan noted.
All units at Oceanfront Premier Residences will feature wireless smart home systems which can be accessed remotely using a dedicated phone app—allowing 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.
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.
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.
About 52 percent of the 83-hectare area currently being developed inside Paragua Coastown is dedicated to nature-reserved and open areas.
Megaworld expects to generate around P2.3 billion in sales from Oceanfront Premier Residences, which is scheduled for completion in 2028.
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.