Team LR Direct Expands Island Footprint: Contract signing in Palawan on April 22

PUERTO PRINCESA CITY, PALAWAN – Team LR Direct, a growing real estate group under the Filipinohomes network, has expanded its footprint to Palawan with a contract signing held at the company’s local office on April 22, 2026. The morning event, which began at 10:30 AM, formalized the affiliation of the team’s agents and brokers in the province.

The signing grants Team LR Direct’s Palawan members access to Filipinohomes’ national property database, developer partnerships, training resources, and administrative support systems. The expansion follows Team LR Direct’s recent contract signings in Manila (April 14) and Bacolod (April 21), underscoring the team’s aggressive nationwide growth under the Filipinohomes banner.

Why Palawan Is a 2026 Real Estate Hotspot

The contract signing comes as Palawan’s property market gains unprecedented momentum, driven by major infrastructure projects and a surge in tourism. Visitor arrivals to the province reached over 2 million in 2025, up 7.76 percent from the previous year, and are projected to grow another 3 to 5 percent in 2026, despite a national energy emergency and rising fuel costs.

Megaworld’s Multi‑Billion Peso Bet

Property giant Megaworld Corp. has committed ₱40 billion to develop Paragua Coastown, a 462‑hectare eco‑tourism township in San Vicente. The company recently introduced Santé Residences Palawan, a 14‑story, 460‑unit condominium project positioned as the first WELL‑registered residential property in the Philippines. Designed to global wellness standards, the development features smart home systems, sustainability features, and panoramic views of Pagdanan Bay. Santé Residences is expected to generate around ₱6.5 billion in sales, with completion targeted for 2031. Megaworld is also constructing two hotels within the township—Savoy Hotel Palawan and Paragua Sands Hotel—which will add 548 rooms to boost local tourism capacity.

Italpinas and Other Developers Eye Palawan

Boutique developer Italpinas Development Corp. has announced plans to launch major flagship projects in Palawan, alongside Boracay, Bataan, and Bukidnon, as part of its 2026 expansion. The company’s focus on eco‑friendly, sustainable designs aligns with Palawan’s push for environmentally responsible growth.

Infrastructure Upgrades Underway

Accessibility is improving across the province. The Department of Transportation is expediting the construction of a new, longer runway at Busuanga Airport in Coron, expected to be completed by December 2026. The upgraded runway will accommodate larger jet aircraft, reduce passenger fares, and expand terminal capacity from 200 to 1,000 passengers. Meanwhile, a Korean consortium has been awarded an $82.9‑million contract to design and build a world‑class international airport in Puerto Princesa.

Team LR Direct’s Growing Nationwide Footprint

The Palawan signing is the latest in a series of Team LR Direct’s expansion moves. The group first signed with Filipinohomes in Manila on April 14, followed by a Bacolod contract signing on April 21. The team’s rapid expansion reflects Filipinohomes’ aggressive push toward its goal of 150 branches nationwide.

For Team LR Direct’s newly signed Palawan members, the contract marks the formal start of their journey within the Filipinohomes ecosystem. The team will undergo onboarding, including training on the network’s multi‑listing platform and integration with developer partners. With major developers pouring billions into the province and infrastructure catching up, the demand for qualified real estate professionals in Palawan has never been higher.