Megaworld and Sunburst Properties Inc. will develop a six-hectare "lifestyle estate" property in Puerto Princesa City, Palawan.

"Finally, we are building our signature concept of a 'lifestyle estate' in this Palawan capital city where the residential components of the township perfectly blend with the commercial hub and, of course, the hotel developments within the mix as well. Our themed residential condominium clusters will complement the city's relaxing natural environment," said Harrison Paltongan, president of Suntrust Properties Inc. 

"We are bringing the vibrant concept of our very own Forbes Town BGC to Puerto Princesa. We are excited at how Baytown will be able to transform the cityscape of Puerto Princesa," said Javier Romeo Abustan, vice president of sales and marketing of Megaworld Palawan.

Located along the Puerto Princesa South Road in Palawan's capital city and overlooking the Puerto Princesa Bay, Baytown Palawan will be Megaworld's 31st township development in the country. It will host residential condominium projects, hotels, as well as commercial retail developments. 

The company is slated to start its land development by next year. It is allocating P7 billion to develop the lifestyle estate in the next five years. 

Baytown Palawan is Megaworld's second mixed-use development project in the Province of Palawan and is Suntrust's first development in the province as part of its expansion across the country.

Megaworld is currently developing the 462-hectare Paragua Coastown, an eco-tourism community in San Vicente. It has already launched several residential, commercial and hotel projects during the past two years, and land development is currently ongoing.