SFIO announces $ 50 million eco-luxury community project at
NEW YORK, Jan. 05, 2022 (GLOBE NEWSWIRE) – Last month, global asset management firm Starfleet Innotech, Inc. (OTC: SFIO) closed 2021 by signing a joint venture with Filipino partners to build a Luxury, health and wellness eco-community on their bayfront property in the world famous Filipino destination Puerto Princesa, Palawan.
The project will be owned and developed by SFIO Leisure and Development, Inc., a joint stock company, and will see eight hectares of oceanfront land transformed into an exclusive and holistic lifestyle community hidden among Palawan’s iconic mangrove glades. and located less than a half to an hour from the Puerto Princesa Underground River, one of the official New Seven Wonders of Nature.
The seaside community will include a resort town, as well as condominiums and a residential development for long-term residents who wish to embrace the luxurious Palawan lifestyle and settle in its idyllic islands.
With stunning views over Ulugan Bay and resting on some of the country’s most fertile soils, the resort will provide a lush and nurturing environment for short and long-term visitors and long-term residents to reconnect with nature. . The resort’s tropical design evokes the nostalgic warmth of Filipino hospitality, with the country’s iconic sloping roofs, woven textures, and natural shadow elements. These initial design and feasibility studies are already underway and development is expected to start within the year.
Visitors and residents alike will enjoy the resort’s amenities in the development condotels, private villas, natural springs, chapel and meditation garden, spa and wellness centers, glamping sites, forest trails and, of course, access on foot to Palawan’s iconic white sand beaches and crystal clear waters. With a focus on wellness, the resort will also offer productivity features to remote workers looking for the perfect blend of modern accessibility and natural living.
SFIO’s announcement follows a series of joint ventures with Philippines-based partners to develop world-class resorts and townships across the country. With their latest venture, SFIO brings its global expertise in real estate development to a global island leisure destination.
Palawan consistently ranks among the best islands in the world, topping Travel + Leisure’s definitive world ranking for several years in a row. According to Collier’s 2021 residential survey, Palawan was the top destination for Filipinos after travel restrictions were lifted. The global research firm expects domestic tourism to boost the looming recreation sector rebound, citing the Philippine Tourism Ministry’s projection that domestic travel will reach 84.8 million in 2022, or 90% of the total trips in 2019.
Shortly thereafter, the Philippine hospitality industry, led by island beach destinations like Palawan, is expected to even exceed pre-pandemic revenue as early as 2023. According to the latest data from Statista, the industry is expected to hit a figure of unprecedented business. record $ 2.1 billion by 2025.
Scheduled to debut in the midst of this renewed renaissance for Palawan, SFIO’s latest development in Puerto Princesa is expected to be completed by 2024.
SFIO’s joint ventures in real estate play a crucial role in the global asset management company’s collaborative innovation strategy to build better communities. Work is already underway within SFIO’s newly created technology division on a suite of cutting-edge and smart building technologies designed to ensure the holistic, long-term well-being of communities. The team also designed a proprietary project management platform adapted to their real estate projects. With this system, SFIO’s partners and the global network of licensed real estate agents are able to easily access information and collaborate seamlessly with project developers, speeding up the sales process across the board. SFIO’s real estate portfolio.
These technologies are expected to set new gold standards for property management and community health systems in resorts and townships.
According to the SFIO, the company is in talks with a number of investment banks to enter into debt financing arrangements that would fund these projects while preserving shareholder value. Profits from these high-yielding projects are intended to be reinvested in future growth, helping the group move towards its plans to cross the U.S. markets over-the-counter to NASDAQ by 2024.
For media inquiries, please contact:
Craymond Yeong, PR and Marketing Specialist
Telephone: (+64) 21 0833 2966
Email: [email protected]
On Starfleet Innotech, Inc.
Starfleet Innotech, Inc. (OTC: SFIO-Smokefree Innotec, Inc.) is an asset management company focused on innovation through disruptive collaborations across its three key industries: Food & Beverage (F&B), real estate and technology. With a strong presence in New Zealand, Australia and the Philippines, as well as a roadmap for future global expansion, SFIO makes strategic investments in high growth companies, creating synergies across its diverse portfolio to deliver maximum shareholder value. Guided by tradition, driven by innovation and made possible by collaboration, SFIO is on its way to hyper-growth to build a thriving business ecosystem, with the intention of listing on a major exchange in a near future.