Have you been thinking about buying a property in Palawan?
Palawan island is one of the most if not the most popular island destinations in the Philippines. In 2020, it was voted the best island in the world by readers of Travel + Leisure, the 4th time it has achieved such recognition, competing with Boracay that claimed the 14th spot and other top destinations around the world like Paros in Greece, and Koh Lanta in Thailand.
In recent years, Palawan has captured worldwide attention and attracts thousands of visitors that want to experience the vast natural beauty, limestone cliffs, rich marine life and breathtaking seascapes.
The fifth-largest island in the country, it is unlike any other in its nature and geological formation. The natural riches of the island, with waters clear as glass, beaches lined with palm trees and dramatic mountains framing the scene, will enchant every visitor.
Known as the Philippines’ “last ecological frontier” Palawan has been working hard to refine the high-end infrastructure and tourism on the island. At the same time, it appeals to a range of visitors from luxury resort travellers to the more budget-conscious.
The protection and preservation of the biodiversity of the ecosystem is a top priority for everyone, and there are a lot of protected areas on the island. Calauit Game Preserve and Wildlife Sanctuary, or the Tubbataha Reefs are some of them. On the west coast, you will also find the Puerto Princessa Subterranean River National Park, also known as “Underground River”, a UNESCO World Heritage Site and one of the New 7 Wonders of Nature.
Areas like El Nido and Coron, have seen an influx of tourists who are attracted both by the natural beauty as well as the eco-friendly and sustainable developments taking place. It is then no surprise that Palawan has become one of the most sought after holiday destinations, and in the last decade, hotel and luxury residency developments have followed this rapid increase in tourism. Coastal properties in particular provide some of the hottest real estate opportunities worthy of your attention that could become your next real estate investment.
After all, who wouldn’t dream of having a beachfront location in Palawan? Whether you are after a beachfront holiday house to relax in, a business investment or a rental property, the allure of Palawan will only increase, as will the prices.
With its recent recognition, more foreign investors are seeking the best, most exclusive and luxurious properties on the island.
For those looking to invest, the continuous demand for tourism real estate is only expected to grow. Rural provinces are transforming into world-class resort facilities that can cater to the needs of tourists and provide an unforgettable holiday experience. At the same time, Palawan has managed to remain one of the cleanest and most sustainability-oriented provinces in the country.
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