Known for its pristine white sand beaches, a paradise frontier, Palawan is considered one of the best islands not only in Southeast Asia but also in the world. Monikered the “last ecological frontier of the Philippines,” it is made up of 1780 islands that house a rich biodiversity. It is home to a vast number of species and natural wonders for everyone to explore.
Palawan continues to be popular among local and international tourists alike, who come from all over the world to visit the Philippines every year. With its growing economy and sustainable tourism, Palawan should be part of your investment bucket list.
Let’s find out why Palawan is an ideal destination for investors.
Why Should You Invest in Palawan?
Cost of Living
Palawan is one of the most ideal locations that proffers a relatively low cost of living compared to other key cities and tourism destinations. The general population in Palawan still enjoys lower food cost, lease rate, and transportation costs. Of course, your budget still depends on your way of living. When it comes to housing, for exmaple, if you’re just looking for an affordable place to stay, a simple studio apartment is priced between 10,000 to 20,000 pesos, depending on location.
Natural Wonders
Palawan has been called “The Most Beautiful Island in the World” by global travel magazines for many years now. People flock to Palawan for both business investment and leisure purposes. It is a prime location for travel and adventure with its environmental landscapes, including a slew of activities that come with each tourist spot.
This island is also where some of the most visited beaches in the world are located, like the famous El Nido. Another natural wonder is the Puerto Princesa Underground River, which has been part of the New 7 Wonders of Nature since 2012.
Let’s check more of the unspoiled vacation hotspots in Palawan.
Nacpan Beach in El Nido
Nacpan Beach is one of the secret hideaways in El Nido until many discovered its beauty. Now, it is considered one of the top go-to destinations in the municipality. This beach consists of the finest white sand and crystal-clear blue water. There is nothing much to do on this beach other than relaxing and taking in the peace and quiet afforded by one of the serene places in Palawan – maybe even the Philippines.
Tubbataha Reef Natural Park in Cagayancillo Islands
For adventure junkies, one of the must-see tourist destinations is the Tubbataha Reef Natural Park, one of UNESCO’s heritage sites. The name Tubbataha is a combination of “tubba” and “taha” – meaning “a long reef exposed at a low tide.” Featuring some of the healtiest reefs in the world, Tubbatha is a scuba dive site divided into three areas: North Atoll, South Atoll, and the Jessy Beazley Reef.
Each area of the reef park showcases different life forms. In the north atoll, you can see different species like the barracuda and tuna fish, turtles, and manta rays. This area also has a deeper level where you can see sharks, like the white tip reef sharks and grey reef sharks. The south atoll and the Jessy Beazley Reef are great locations for hammerhead sharks.
Kayangan Lake in Coron
Kayangan Lake, hailed one of the cleanest lakes in Asia, is another popular tourist site in Coron Island. Apart from the lake, Kayangan is also popular as it is a wonderful place to witness the most scenic views of the island.
Puerto Princesa Underground River
This underground river in Puerto Princesa, Palawan is a world-famous tourist destination in the Philippines as it is part of the New 7 Wonders of Nature. It has been declared one of UNESCO’s Heritage Sites due to environmental factors and features.
The Puerto Princesa Underground River is found in a limestone mountain landscape, which houses 13 forest formations, considered to be some of the most significant forest formations in Asia.
What you can see in the cave are the magnificent cave formations, small waterfalls, and various types of animals and marine creatures that you can see through the clear river waters.
If you live in Palawan or plan in investing soon, you don’t have to wait for the off-peak season for the place to be less crowded. Relish in the scenic views and fun activities this island offers all-year round.
Tourism and Safety
The island’s steadily growing income is buoyed by Palawan’s tourism that keeps increasing every year, specially that a hefty amount of travellers and business investment are pouring into the island. According to the Department of Tourism in Philippines, the number of tourist arrivals reached a total of 690,275 in 2022.
Why is Palawan in Philippines popular? Its enchanting natural beauty is incomparable, for one. The series of adventures one would enjoy coming back to. Then there’s the safety and risk factors consideration which is important to tourists and business investors alike. Palawan is said to be one of the safest places in the Philippines.
For adventure junkies and thrill seekers, here are some interesting and fun activities you can do in Palawan.
Fun Activities To Do in Palawan
Hiking
There are a lot of hiking trails in Palawan for both beginners and professional hikers. For beginners, the Lio Eco Trail is a 40-minute trek trail where you get to see the view of Bacuit Bay, Lio Beach, and Cadlao Island.
For professionals looking for more than a day’s hike, the 1,608 meter tall Cleopatra’s Needle might be the right choice. One of the most captivating mountains in the island, the scenic hike usually lasts for about three days
Scuba diving
The Tubbataha Reef Natural Park is one of the best spots for scuba diving as it offers a peek into the marine life in full bloom. Another good dive spot is Coron Bay, known for its shipwrecks that can be found and explored by divers.
Island Hopping in San Vicente, Coron, and El Nido
Three of the famous municipalities in Palawan, where tourists go for island hopping, are San Vicente, Coron, and El Nido. There are various island hopping package tours you can choose from depending on the activities you prefer.
With this province’s popularity among domestic and foreign tourists, Palawan’s local government through its tourism office ensure the proper maintenance and management of the islands for sustainable tourism and to sustain their steadily growing income. Just recently, a project was launched for the facility and protection of the environment and wildlife in El Nido and Coron.
From among many potential successes, tourism is one of the primary sources of income for the island. With Palawan’s popularity, it wouldn’t be hard to earn money by starting business investment catering to tourists. If you’re being cautious, you can start by making a small business investment like souvenir shops and food stalls. But, if you’re ready for that big leap, many tourism investments focus on providing a place to stay for tourists, like guest houses, Airbnb, and hotels.
Camella Palawan
Are you looking for Palawan properties to invest in? Camella Palawan is a master planned community that offers beautifully crafted homes and world-class amenities that you deserve. It is an ideal real estate investment on the best island in the world as it is strategically located near recreational areas and important institutions like hospitals and schools.
Start investing for your future in Camella Palawan!
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