Century Developing Philippines Super-resort

Real estate firm Century Properties Group Inc is investing over US$452 million in an integrated resort project in the Philippines.

The firm has signed a deal to acquire 56 hectares of property to develop a beachfront development lifestyle destination in San Vicente, Palawan province

Palawan province is well known tourist spot with island and beach resorts. It is the site of the Puerto Princesa Subterranean River, one of the new seven natural wonders of the world.

Completion of infrastructure projects such as roads and airports are also seen as important catalysts for driving larger regional and global tourist arrivals to Palawan and the Philippines which currently lag behind their ASEAN neighbours Thailand and Vietnam.

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