Philippine Peso Currency ConverterPuerto Princesa Property, Palawan, Philippines
Subdivision Lot For Sale With Clean Title - P420,000 - Private Sale (No Brokers Please)
Please Note:
1. A Discount is Available For Payment in $US. The dollar price would be US$9000.
2. This is a gross price which includes processing the transfer of title and all sale taxes. Please take care when buying property that the purchase price you are quoted includes such costs, which can amount to 10-15% of the price if broker's commission is included, and that it is clear what charges you are responsible for.
This 120 square meter residential lot for sale is on the Princeville Country Homes Subdivision in Sta Monica, Puerto Princesa, which is Palawan's capital city. Palawan is a leading tourist development province in the Philippines which is being increasingly discovered by national and international tourists. This is leading to strong economic growth in Puerto Princesa itself, which is providing for investment opportunities for Filipinos working overseas, as well as foreign investors and residents of the Philippines.
The subdivision consists of only 48 residential lots, of which 41 have now been sold and the remainder are for house and lot packages only. This particular lot we bought a couple of years ago with the intention of buying adjacent lots and developing a boarding house for university students and the expected influx of new workers when Robinsons Mall and other commercial operations open in the coming months. We have had to abandon our plans due to the strengthening Philippine Peso and decline in overseas income, and for no other reason. This is a genuine private sale by the Filipina/British owners. We are the first title holders of this lot, which is lot 14. Transfer of title should be relatively fast once the payment has been made.
Long View of the Residential Subdivision at Sta Monica, Puerto Princesa in Palawan
The Princeville Country Homes subdivision consists of a single road with a dead end, although the far end does have several lots off to the side, and which provides a turning space for vehicles. The actual lot for sale is on the left before the car, and as you can see there is already some construction underway. The location is one of the most pleasant residential areas of Puerto Princesa City Proper. Although it is very convenient for the new shopping mall and new market, it still has a country feel about it. The lot is very close to the Butterfly Farm and to the spectacular views of the much higher Baker's Hill. It is also a very good location from which to explore the vast areas of Palawan, with its white sand beaches, stunning diving sites, rain forests and magnificent landscapes.
Concrete Road Leading to National Highway South A Few Minutes Drive Away
The above picture and the one below show the concrete road which leads in one direction to the National Highway South and in the other direction to the National Highway North. It is a smooth ride without much traffic and residents of this subdivision will appreciate this fact more and more as traffic in the older part of Puerto Princesa City Proper becomes congested at certain times of day. It is a generally peaceful part of the city and with commercial conveniences being developed in nearby San Jose is likely to become increasingly in demand. In fact, prices of property have begun to increase quite strongly in the last year or two. Although the price is non-negotiable preference will be given to a buyer who can pay in US dollars, due to the great uncertainties surrounding the currency markets around the world.
Concrete Road Leading to National Highway North A Few Minutes Drive Away
The lot for sale is 120 square meters and there is no requirement to build a house within a particular timescale. Should you just wish to retain the lot for investment or to retire to in the future that would be fine. This makes the lot especially suitable for OFW's who plan to return to the Philippines in the future and want to avoid the typhoon, flooding, volcano and earthquake prone provinces. One or two storey houses are probably most suitable for the size of lot, but the onus would be on the buyer to come up with building plans that met City planning regulations and standards.
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House Being Constructed on a Nearby Lot on the Same Subdivision
Residential lots for sale are not as plentiful in Puerto Princesa as they were even two years ago and that upward pressure on building space is likely to increase, especially with titled property in the more sought after areas of the city. Ready built houses of any quality are still not that common in Palawan; even Puerto Princesa has a shortage. With an increasing population likely to grow further in the future the market remains positive. Demand from the USA and Europe may dwindle but Palawan is popular with Chinese, Korean and Japanese buyers too.
The Lot For Sale
The lot for sale is available to cash buyers only. Necessary facilities such as water, drainage and electricity are readily available so getting started with a new house on the lot should be a simple process. Building a house yourself, or having it built to your specification, is the better valued way to go and can lead to savings of several hundred thousand pesos even on a small property. This means that for the same price as a ready built home you can get a higher quality home to the design you really want. Given the convenient location of the lot, getting building materials to the site would be relatively cheap and easy to organize.