FOR SALE: WEST NALAUT ISLAND, BUSUANGA, PALAWAN

PROPERTY STATUS: Titled private island with fine, white sand, tropical beach with zoning for tourism development
LOCATION: Busuanga (Coron), Calamianes Archipelago, Palawan, Philippines.
West Nalaut Island, Busuanga (named Dao Island for marketing purposes)
BARANGAY/AREA NAME: Barangay Maglalambay CITY: Busuanga, Palawan

Selling Price: Php 404,000,000 inclusive of seller’s applicable taxes and fees
LOT AREA: 137,914 sqm + 2 x Tax declarations over the non-titled area equal to 341,804 sqm
FRONTAGE: Beachfront
LAND CLASSIFICATION (TD): Municipal = Tourism : National = Agricultural
BEST USE: Tourism Development
MORTGAGED: No
OTHER INFO: No structures, clean title, expired DAR pre-approvals for land-use conversion from agricultural to tourism, NCIP compliant, holding company included (further description below)
DUE DILIGENCE
Full due diligence pack available upon request for fully funded entities with local legal counsel appointed.
Planning permissions acquired:
ECC (Environmental Compliance Certificate), Local Government Unit planning permissions and building permits for 100 stand-alone villas and resort facilities/amenities. Preliminary surveys for power and water infrastructure in place, comprehensive Environmental Impact Assessment completed for model development configuration of 100 villas.
Liens/Encumbrances: None.
Permits and Certifications:
NCIP (National Commission of Indigenous Peoples) certification of title being exempt from potential indigenous claims, Memorandum of Agreement with local indigenous community for tenure and development rights over the non-titled portion of the island currently held via tax declaration, HLURB (Housing Land Use Regulatory Board) certification of Tourism Zoning. DENR (Department of Environment and Natural Resources and DA (Department of Agriculture) certifications for Tourism Zoning of the title.


Direct to seller with signed authority. Thank you. 

Xian Jay S. Dimaano, RES
RE/MAX Prime
PRC 11563 | DHSUD 017281