5.5 hectares of titled beach frontage parcel facing the breathtaking Patawan Island in Bancalaan, Balabac Group of Islands, Palawan, Philippines!

Looking for the perfect place to build your dream beach resort or hotel? Look no further than these 5.5 hectares beach frontage titled parcels facing the breathtaking Patawan Island in Bancalaan, Balabac Group of Islands, Palawan, Philippines!

Imagine waking up every morning to crystal-clear waters, fine white sand, and starfish scattered across the shore. This is the perfect opportunity for you to invest in your own slice of paradise!

Balabac Island is the southernmost island of Palawan province, just 50 kilometers north of Sabah, Malaysia, across the Balabac Strait. Bancalaan is situated at an elevation of 19.9 meters or 65.3 feet above mean sea level, making it the ideal location for a beach resort or hotel.

This property is a total of 55,359 square meters, more or less, and is perfect for building your dream resort or hotel. You can be sure that your guests will be impressed by the stunning views of Patawan Island and the surrounding area.

With terms like cash, bank-to-bank payment/wire transfer, and best offer available, you can rest assured that you will be able to secure this amazing property at the right price. An earnest money payment of 1% of the selling price will be required upon submission of a letter of intent (LOI), to be credited towards the purchase price at closing. A down payment of 10% of the selling price will be required upon execution of the contract to sell (CTS) or purchase contract agreement, also to be credited towards the purchase price at closing.

Transaction expenses will be divided between the seller's and buyer's accounts, with the buyer responsible for documentary stamp tax, transfer tax, registration fees, withholding tax, and all other miscellaneous fees and expenses to transfer the certificate of title in the name of the new owner.

Please note that all information previously released, advertised, posted, and transmitted to buyers may change as additional information becomes available. However, we are always available to answer any questions you may have about the property and its preferred terms and conditions.

Don't miss out on this once-in-a-lifetime opportunity to own your own beach paradise in the Philippines! Contact us today to schedule a showing and get more information about this amazing property. Thank you for your interest! - Christine