Megaworld Corporation (stock: MEG), one of the leading real estate developers in the Philippines, is venturing into Palawan with its upscale residential project, The Bellagio Palawan. Scheduled for completion by 2030, this 12-story condominium will be the first of its kind within Megaworld’s Baytown Palawan township in Puerto Princesa. The development is poised to bring a touch of the vibrant urban lifestyle seen in Forbes Town, BGC, to the serene and picturesque Palawan.
The Bellagio Palawan is expected to generate approximately PHP 3 billion in sales, reflecting Megaworld's confidence in the growing demand for sophisticated living spaces outside the main urban centers. The project is a critical component of the company’s strategy to expand its township concept across the Philippines, blending residential, commercial, and lifestyle amenities into a cohesive living environment.
Key Features and Design
The Bellagio Palawan will house 188 ‘smart home’ units, featuring state-of-the-art wireless technology. Residents can remotely control various home systems, including lighting, appliances, and security, via a dedicated phone app. Each unit will come with balconies and lanais, offering views of the lush surroundings, with sizes varying up to 109 square meters for the three-bedroom suites.
The architectural design of The Bellagio Palawan draws inspiration from the natural elements of Palawan, particularly the harmony of Earth and Water. The façade incorporates curving horizontal elements that mimic the fluidity of ocean waves, while integrated greenery softens the building’s structure, blending it with the natural environment. A striking feature at the ground level is the canopy design resembling giant leaves, providing both aesthetic appeal and practical protection for pedestrians.
The interior spaces continue this nature-inspired theme, with a lobby designed to evoke the beauty of the region’s iconic underground rivers. Highlights include a clam-shaped chandelier, which adds a touch of elegance and pays homage to Puerto Princesa’s famous tourist spots.
The Bellagio Palawan boasts an array of amenities, setting it apart as a premium living space. The standout feature is a heated infinity pool on the roof deck—the first of its kind in Puerto Princesa—overlooking the bay, offering a unique recreational experience. The rooftop also includes a kiddie pool and a pool lounge, making it a versatile space for relaxation.
Additional facilities on the second floor include:
- Co-working spaces for professionals who prefer flexible work arrangements.
- A fitness center complete with a yoga studio.
- Function halls for private events.
- A daycare center and kiddie play area to cater to families.
- Outdoor lounge areas where residents can unwind amidst greenery.
In line with global sustainability trends, The Bellagio Palawan integrates several eco-friendly features:
- Bicycle Parking: Encouraging alternative, eco-friendly transportation.
- Water Conservation: Low flow rate fixtures in toilets and kitchens to minimize water usage.
- Energy Efficiency: Occupancy sensors in common areas and energy-efficient appliances.
- Resource Management: On-site sewage treatment, rainwater harvesting, and a materials recovery facility ensure responsible waste and water management.
These initiatives align with Megaworld’s broader sustainability goals, which have been implemented across its townships to minimize environmental impact.
Baytown Palawan’s Market Position
The Bellagio Palawan will serve as the entrance to Baytown Palawan, a 6-hectare township designed to become Puerto Princesa’s new lifestyle capital. Similar to other Megaworld townships, Baytown Palawan will offer a mix of residential, retail, and commercial establishments, providing a self-sustained community where residents can live, work, and play.
The development is part of Megaworld’s strategy to replicate the success of its Metro Manila projects in other regions, fostering economic growth and elevating living standards in emerging cities. Baytown Palawan is designed to accommodate future expansions, including additional residential buildings, hotels, and retail spaces, enhancing its role as a lifestyle destination.
In addition to Baytown Palawan, Megaworld is also developing the Paragua Coastown, a 462-hectare ecotourism township in San Vicente, Palawan. This project is focused on promoting sustainable tourism by leveraging the area’s natural beauty, which includes the country’s longest beachline. Together, these projects represent Megaworld’s commitment to diversifying its portfolio by investing in tourism-driven developments.
Market Outlook
Megaworld’s strategic expansion into Palawan marks a significant shift in its growth trajectory. With the increasing appeal of work-from-anywhere lifestyles, there’s a growing demand for properties in scenic locations outside traditional urban centers. Projects like The Bellagio Palawan cater to this trend by offering luxury living spaces that integrate modern technology, sustainable practices, and a natural aesthetic.
As the Philippines continues to recover economically, driven by sectors like tourism and real estate, projects like Baytown Palawan are set to play a vital role in regional development. Megaworld’s decision to introduce upscale living to Puerto Princesa could potentially redefine the city’s real estate landscape, attracting both investors and homebuyers seeking a blend of modern amenities and a tranquil lifestyle.
The Bellagio Palawan is more than just a residential tower; it symbolizes a new era of luxury and sustainable living in Palawan. With its smart home features, nature-inspired design, and comprehensive amenities, it brings the best of modern urban living to one of the country’s most beautiful provinces. By choosing to build in Puerto Princesa, Megaworld is not only expanding its portfolio but also contributing to the growth and modernization of the city, making it a key player in Palawan’s transformation into a prime residential and lifestyle destination.