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Few places compare to the beauty of Palawan’s landscape, which is a seamless combination of elegance and nature. And for the trained eye, there is more to the province than its natural beauty. Investors can see high returns from real estate properties in the area — especially in Puerto Princesa.
According to the Philippine Statistics Authority, Puerto Princesa recorded the fastest economic growth in the Southwestern Tagalog Region, MIMAROPA. The city showed 14.7% growth, while the entire province of Palawan contributed 32.4% to the region’s total economic value.
Let’s discuss what makes Puerto Princesa ideal for real estate investment and why Sonrisa Gardens by Suntrust Properties, Inc. is suitable for local investors and OFWs who want to diversify their property portfolio. Sonrisa Gardens is a visionary mid-rise development that weaves together modern Asian elegance and the serene embrace of nature across seven towers.
Puerto Princesa Is Poised for Economic Growth
The MIMAROPA region — comprising the provinces of Occidental Mindoro, Oriental Mindoro, Marinduque, Romblon, and Palawan, the highly urbanized city of Puerto Princesa, and the component city Calapan — has seen steady economic growth in recent years.
Among these provinces and cities, Palawan contributed the largest amount to the regional economy last year. Its share is approximately 32.4% of the economy, amounting to PHP 392.96 billion. Meanwhile, Puerto Princesa contributed 13.5% to the region’s economy, with the fastest growth rate of 14.7%.
MIMAROPA’s agriculture, forestry, and fishing sector is valued at PHP 70.68 billion, and Palawan contributed 41.% to this total value. The province also contributes the largest to the region’s industry, contributing 43.2% of the PHP 138.86 billion total value.
For the MIMAROPA region’s services sector, Palawan and Puerto Princesa fall slightly behind Oriental Mindoro, which contributes 29.3% to the PHP 188.42 billion total value. Palawan and Puerto Princesa ranked second and third, contributing 21.3% and 21.2% respectively.
These numbers are just a glimpse of what investors can look forward to, whether they plan to diversify their property portfolio or expand their business in the Southern Tagalog region. It is also an ideal location for property buyers searching for a balance between comfort and convenience — something that a condominium community like Sonrisa Gardens can provide.
The Popularity of Condo Living Has Extended Beyond NCR
Gone are the days when condo living was primarily a trend in the National Capital Region (NCR).
Lamudi data from 1Q 2024 shows that condo living is growing in popularity beyond Metro Manila. During this timeframe, the platform received the most inquiries for vertical residential properties for sale compared to other residential property types, reflecting the growing appeal of the condo lifestyle.
In line with this, property developers are actively building master-planned estates outside Metro Manila. They are working on upscale projects away from the capital region, effectively highlighting emerging metro areas outside NCR and addressing the demand from affluent property buyers at the same time.
Sonrisa Gardens: A Palawan Condo Where Dreams Bloom
Sonrisa Gardens is developed by Suntrust Properties, Inc., a wholly-owned subsidiary of property giant Megaworld. It is a seven-tower development conveniently located just 3.5 kilometers away from Puerto Princesa International Airport. Lamudi data for 1Q 2024 shows more inquiries for properties for sale in cities with international airports. Given this data and the rising trend of air travel in the Philippines, it is no surprise that Sonrisa Gardens is a promising investment for property buyers.
Designed for a harmonious and opulent lifestyle, Sonrisa Gardens cultivates experiences that transcend expectations. It is nestled on an expansive 34,955-square-meter land in Barangay San Pedro, Puerto Princesa. As Suntrust Properties’ premier venture in Palawan, Sonrisa Gardens features 7 thoughtfully designed mid-rises with units ranging from intimate studios to spacious 2-bedroom retreats.
From its traditional Filipino hip roof and hints of contemporary Asian aesthetics in every corner, the development serves as a strong testament to the Filipino heritage. The design showcases a harmony of local design and the surrounding landscapes, allowing dreams to unfold, bloom, and thrive.
The meticulously crafted amenities at Sonrisa Gardens aim to enrich your lifestyle. These include:
- An adult pool with a warm, serene allure
- A vibrant playground that caters to children’s boundless energy
- An invigorating fitness gym that promotes overall health and wellness
- Versatile function halls that can host intimate and unforgettable gatherings
Sonrisa means smile in Spanish, so there’s no doubt that every corridor and every walkway in this prestigious development is adorned with boundless joy, happiness, and positivity. The panoramic and captivating views of Puerto Princesa add more to its rich tapestry of serenity and endless possibilities.
Studio units in this development where dreams bloom start at PHP 5.6 million. Investors can own their dream condo in Puerto Princesa for a starting price of PHP 12,200 per month. Explore your options now!
