When we talk about Palawan, we imagine a paradise. It is one of the places you need to visit at least once in your lifetime.
Our utmost concern when we travel in Palawan is the comfort after a long and tiring journey. And that is exactly what Paragua Sands Condotel by Megaworld will give you. Let’s get the Palawan experience off your bucket list with Paragua Sands Condotel.
Paragua Sands Preselling Condotel for Sale in San Vicente, Palawan
Paragua Sands is a 4-star, 10-storey condotel in Paragua Coastown, a 462-hectare TIEZA-accredited township developed by Megaworld in San Vicente, Palawan. Paragua Coastown is a 40-Billion project with a 15-year development plan. It is the 27th township of Megaworld and their first sustainable eco-tourism township. Although the entire estate is 462 hectares, they will first be developing phase 1, which is 83 hectares. The aim of this township is to create world-class facilities and amenities that will go with the natural terrain and build structures that flow with nature. 60% is dedicated to open space and 40% to development.
One thing that sets out this project apart from other beach-front projects is that San Vincente has the longest long beach in Asia. And 2nd in the world- 2nd only to the Long Beach in California. With no active volcanoes, fault lines, or trenches, Palawan is considered one of the safest places in the Philippines. It is also not on the usual path of tropical storms, making it an ideal place to reside and do business.
Paragua Sands come with 313 guest rooms and suites. Paragua Sands Condotel is a prime spot in Palawan that unlocks the privilege of a walking distance beach with scenic mountains behind it.
Paragua Sands Condotel is roughly a 5-minute drive from San Vicente airport. Because Megaworld cares so much about comfort, they have brought their project to your convenience.
Paragua Sands was launched in 2023, having an expected turn over in 2028. Quick disclaimer – target turnover dates are subject to change since with construction, delays can happen and are quite common.
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What is a Condotel?
A condotel, also known as a condo hotel, is a building that is legally a condominium but functions like a hotel. When a person buys a unit in a condotel, they are purchasing a piece of real estate, often in a desirable vacation destination or urban area. This unit can be used by the owner for a pre-determined number of days each year. When the owner is not using the unit, it is placed into the hotel’s rental program. For Paragua Sands Condotel, unit owners can stay maximum of 30 nights a year – 10 consecutive nights allowed. Unit owners can book anytime except for peak seasons. Since this is a business – guests are the priority.
One of the primary attractions of a condotel is that it offers a hands-off approach to property management. The hotel management takes care of marketing, renting out the unit, cleaning, and upkeep. In exchange for these services, the management team receives a percentage of the rental income.
Condotels combine personal use with investment potential, as owners can potentially profit from the rental income and the appreciation of the property. For Paragua Sands the income split is 92-8. Unit Owners get 92% of the net profit and the hotel management gets 8%.
What is the projected income for Paragua Sands?
Your income will depend on the total floor area of your unit. For a studio unit of 25 sqm, MEG has given a conservative estimate of 500K/annum at 70% occupancy rate.
Unit Types for Paragua Sands Condotel:
- Twin Suite (25-29 sqm)
- Queen Suite (25-27 sqm)
- Junior Suite (37-44 sqm)
- Executive Suite (60 sqm)
- Specially-abled suite (34 sqm)
Features and Amenities:
- Pool Deck with Seating Area
- Adult and Kiddie pools
- Outdoor Deck
- Kid’s Club
- Spa with Treatment Rooms
- Fitness Center with Yoga Area
- Wet and Dry Sauna
- Ballroom
- Function Rooms
- Business Center
- Work Stations
- 24/7 Security
- Property Management
Paragua Sands Preselling Condo Floor Plans
Reasons to Invest in a Paragua Sands Preselling Condo for Sale in San Vicente, Palawan
Comfortable Living Experience
Paragua Sands Condotel provides a sustainable and convenient lifestyle where you can get all of your needs and wants around the corner. Situated along the beach of the ever-beautiful Palawan, all forms of entertainment you could think of are at the tip of your toes. Paragua Sands Condotel offers a prime beach-mountain experience like no other condotel could offer. Paragua Sands Condotel may be your dream come true.
Location and Accessibility
Aside from the features and amenities of Paragua Sands Condotel, access to malls, schools, and even hospitals is in proximity.
Malls:
- SM City Puerto Princesa
- Robinsons Palawan
- MCA Market Mall
Schools:
- Kemdeng Elementary School
- Palawan State University
- Palawan Polytechnic College
- Fullbright College
Hospitals:
- Well Of Life Medical Clinic
- Northern Palawan Provincial Hospital
- El Nido Community Hospital
Developer Reputation
Award-winning property developer, Megaworld International has been creating high-quality, sustainable homes for many years. They are renowned for their luxury township developments that offer not just choices but solutions. They design projects with your comfort in mind.
Looking for a Reliable Real Estate Broker in the Philippines?
If you’ve set your eyes on a pre-selling condo unit for sale in Palawan but don’t know where to start, you start consulting a trusted and licensed real estate broker in the Philippines.
Alex Zeta can assist you in securing your pre-selling condo unit in the Philippines. From looking at units to signing the papers to handing over the keys to your Paragua Sands Condotel condo unit, Alex will be with you every step.
Need an updated inventory and price list on this project?
Book a consultation with Alex today! Hurry before all Paragua Sands Condotel pre-selling condos are sold out!
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