Investing outside of the National Capital Region (NCR), also known as Metro Manila, the capital of the Philippines, has become increasingly popular in recent years, as large infrastructure projects, government expenditure, and signals of promise have sprung beyond the metropolis. Palawan, in particular, has long been recognized as a popular ideal city and one of the country’s fastest-growing regions which recorded a 2.14% growth rate for 2020.
Palawan is the Philippines’ largest province in terms of jurisdictional area. According to the Philippine Statistics Authority, as of 2020, this province has a new population of 939,594 people (excluding the City of Puerto Princesa). Although it is the least densely populated, it has already given the country enormous pride and has already contributed so much to the Philippine economic growth.
The Province of Palawan is routinely rated as one of the world’s greatest islands. There are four primary attractions among its nearly 1,700 beautiful islands: El Nido, Puerto Princesa, and Coron, with Palawan Island being the largest.
Palawan is famous for its astonishing, paradise-like islands. Its sanctuary is unrivaled. This region is greener, more peaceful, and has a lower crime rate, 18.47%, compared to Davao (22.39%), Cebu (70.14%), and Metro Manila (90.73%).
Remarkably, the population growth rate exceeds the national average, owing primarily to migration from other areas and regions of the country. As a result, the demand for more and newer housing units remains high.
Palawan’s Unrivaled Beauty
Falling in love with Palawan’s ethereal beauty is almost too natural for Filipino beachgoers and other global travelers who set foot in this best island paradise nestled in the western part of the Philippines.
Everything about this holiday destination is a feast for the eyes – its emerald green waters, mysterious lagoons, towering limestone cliffs, and sunsets straight out of a painting. If you’re already mesmerized by these gems, wait until you see the underwater jungle of the country’s “last ecological frontier” which is teeming with Japanese shipwrecks, coral reefs, and other aquatic life.
It seems that the rest of the world has come to know about what was once a well-kept secret in Southeast Asia. This archipelago of more than 1,700 islands and islets earned the laurels of being the “Best Island in the World” in 2020, a distinction bestowed by New York-based magazine Travel + Leisure. Topping the readers’ votes for the fourth time, the remote island province bested other well-known summer destinations like Bali, Koh Lanta, Sicily, Langkawi, and Bora-Bora.
Why You Should Invest in Real Estate Properties in Palawan
1. Tourism in Palawan will continue to grow
It will only be a matter of time before domestic and international tourists explore and travel throughout the world once more. Understandably, most were subjected to strict quarantine restrictions during which we were not permitted to leave the house. As a result, more individuals will be eager to partake in activities that they may have missed due primarily to the coronavirus pandemic.
Palawan, the Philippines’ ultimate treasure, is one of the most popular tourist spots for them to visit. After reaching an all-time high in tourist visits in February 2019, the island is likely to see around the same number of tourists once the coronavirus treatment and vaccination are developed and distributed globally.
2. Palawan Real Estate Makes a Great Long-Term Investment
Considering the impact of COVID-19, Palawan’s tourist sector is projected to swiftly recover from where it left off and develop even faster and stronger. As a result, it’s better to invest in Palawan real estate now rather than later, as investment rates may reach an exponentially high level if the island regains its prominence.
You do not have to be concerned about the long term since many of the properties being built in Palawan have been meticulously planned and prepared. This implies that the island’s gem will be conserved rather than damaged, regardless of how popular it becomes.
3. Palawan Is a Sliver of Eutopia Waiting for You to Be Tapped
Palawan is one of the last precious patches of oasis and fantasy land available for purchase on the worldwide real estate market. Because of the local government’s strict pro-environment legislation, it has not yet encountered overpopulation or a lack of basic upkeep, unlike other major tourist locations.
It still remains one of the best places to visit worldwide for travelers and adventurous people today. According to CitiGlobal, Palawan is one of the greatest places in the world to settle and retire. That is why you should seriously consider investing in a real estate property in Palawan to meet this potential demand amid the coronavirus pandemic.
With all these caveats, you may want to consider investing in Palawan real estate, as the province will remain and quickly becoming as one of the most popular tourist attractions not only within the Philippines but also in Southeast Asia.
Regardless of the fact that COVID-19 has had a significant impact on a variety of businesses throughout the world, real estate in the Philippines is likely to rebound promptly and even provide positive results. This is a once-in-a-lifetime chance for investors. Now is a good time to look at your real estate opportunities, such as Palawan real estate properties.
Camella Manors Introduces Perfect Island Safe Haven Fantasy
Vista Land’s Camella Manors Verdant is the newest affordable condominium in Puerto Princesa, Palawan. Located in a strategic area in Brgy. Bancao-Bancao, a pre-sale condo in Palawan, features resort-style amenities and convenient access to metropolitan living hubs, allowing you to live your perfect island life.
The Verdant Studio is a residential condominium defined by a distinctive unit design, and it is one of the best residential alternatives in the prospering Camella Manors. It offers exclusive amenities such as a large outdoor recreational facility area with a clubhouse, a play park, a fitness gym, a swimming pool, and a function hall, providing nurturing settings for interaction and pleasure, and a secured community with 24/7 security. This one-of-a-kind commodity evokes the sense of an alfresco home while also providing panoramic views of the whole estate.
Camella Manors Verdant has studio to two-bedroom with balcony units that range in size from 33.96 to 39.48 square meters. In Puerto Princesa, Palawan, enjoy a comprehensive city leisure lifestyle that completely complements residential developments that will revolutionize the suburban environment.
Written by Jealie Dacanay / intern