PROJECT SUMMARY

Project Name/Title Panglao Shores Project Proponent Tourism Infrastructure and Enterprise Zone Authority (TIEZA) / Panglao Bay Premiere Parks & Resorts Corporation Sector/Industry Tourism Zone Development Classification of Project Location Brgys. Bolod and Tawala, Panglao Island, Total Land Area 57.70 hectares Title Type Titled Special Classification Tourism Quality Classification Mixed-Use Development Project Cost PHP 36,027,561,911.71 Projected ROI/IRR/NPV IRR: 25.47% NPV: PHP 16,478,020,000 Project Description A 57.70-hectare development land inside the Panglao Bay Premiere Flagship Tourism Enterprise Zone aimed to be an integrated leisure destination comprising resorts catering to various demographic markets, as well as retail and commercial hubs. INVESTMENT PROFILE Phase 1 COMMERCIAL/RETAIL MALL Description The 10,000-sqm Commercial/Retail Mall comprises retail stores, restaurants, and various entertainment facilities. It is located near the Panglao Island Circumferential Road so that it will be accessible to both overnight guests and walk-in shoppers and visitors. It can accommodate up to 2,500 visitors during peak hours on a peak day. Approximate Cost PHP 344,687,200.00 Phase 2 INTERNATIONAL RESORT A & CONDOMINIUM HOTEL A Description This 7.2-hectare development dedicated for the 300-room International Resort and 84-unit Condominium Hotel offers a world-class resort experience for foreign and local tourists. It’s location at the beach frontage will indulge tourists of the Panglao Island’s high quality fine white sand beach and the scenic view of the .

This international resort with condominiums is targeted for lease by international hotel operators or leading hotel companies in the world. Approximate Cost PHP 3,240,000,000.00 (Resort) PHP 1,012,522,812.00 (Condominium Hotel) INTERNATIONAL RESORT B & CONDOMINIUM HOTEL B Description Located at the right side of the existing South Palms Beach Resort, the 5.5 hectares beach front property will be allocated

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for the development of International Resort B with 400 rooms and a Condominium Hotel with 96 units.

This International resort with condominiums is targeted for lease by international hotel operators or leading hotel companies in the world. Approximate Cost PHP 6,480,000,000.00 (Resort) PHP 1,157,168,928.00 (Condominium Hotel) BEACH CLUB Description The 20,000-sqm Beach Club with retail area is accessible to all guests and residents of Panglao Bay, and to those interested in buying a membership. The development is located in the south-western portion of the Beach Zone adjacent to the proposed jetty. Residents of the complex, as well as the hotel guests can have easy access to the beach and avail of tourism services such as boat and dive tours and other local activities such as fishing, snorkelling, kayaking, windsurfing, etc.

Approximate Cost PHP 756,149,658.39 RESIDENTIAL VILLAGE Description Located in the Residential and Commercial Inland Zones, the 5.4-hectare Residential Village is composed of 124 villas and is surrounded by the medium-rise condominium and hotels. The villas will be offered for sale or may be leased out to guests. Approximate Cost PHP 1,494,676,532.00 Future Phases COMMERCIAL/RETAIL EXPANSION Description A proposed expansion of the 10,000-sqm Commercial/Retail Area, allotting an additional 20,000 sqm to open more retail opportunities for locators. Approximate Cost PHP 344,687,200.00 SOUTH PALMS RESORT EXPANSION Description A proposed addition of 135 rooms to the existing 188-room South Palms Resort located in the Beach Zone, with a total land area for development of 6.3 hectares. Approximate Cost PHP 1,458,000,000.00 INTERNATIONAL RESORT C & CONDOMINIUM HOTEL C Description This 7.4-hectare development is composed of a 400-room International Resort and 192-unit Condominium Hotel located in the southwestern most area of the Tourism Enterprise Zone. Situated next to the Commercial/Retail Area, resort visitors are among those to have easiest access to various restaurants and retail shops.

This International resort with condominiums is targeted for lease by international hotel operators or leading hotel companies in the world. Approximate Cost PHP 6,480,000,000.00 (Resort) PHP 2,314,337,856.00 (Condominium Hotel) CONDOMINIUMS & HOTELS (beside Residential Village) Description Located in the Inland Zone, on the northern part of the Tourism Enterprise Zone before the Residential Village, a 6.2-hectare land is dedicated for the development of three (3) medium-rise Condominiums and three (3) medium-rise Hotels with combined capacity of 957 rooms.

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Approximate Cost PHP 6,404,205,720.00 PREMIUM RESIDENTIAL VILLAGE Description Situated within the 29.5-hectare Residential and Commercial Inland Zones, the Premium Residential Village is a 4.3-hectare development land allotted for 68 villas that will provide a prestige experience to tourists staying in the village. The proposed structure of this premium village subdivides it into subgroups for 29 villas and 39 villas. Approximate Cost PHP 1,112,470,296.40 DEMOGRAPHIC PROFILE OF THE MUNICIPALITY/PROVINCE Municipality/Province Municipality of Panglao, Province of Bohol Total Area 4,009 hectares or 40.09 sq.kms. Total Population 30,851 Population Density 702 / sq.kms. Labor Force (skilled & 2,700 unskilled) Barangays/Municipalities 10 Barangays (9 coastal and 1 inland barangay) Congressional District 1st District of Bohol Income Classification 4th Municipal Income Class Airport/s Nearby / Bohol-Panglao International Airport (5 minutes away) Accessibility to Airport/s Seaport/s / Accessibility to Seaport (30 minutes away) Seaport/s Visitor Arrivals 1,496,129 (Province of Bohol, 2018 data) Target Tourism Market ● Families/groups with young children, millennials, and solo travellers ● Mid-market tour groups from East Asia and Southeast Asia ● Long-staying guests from Europe and North America ● Balikbayan tour groups ● Domestic family segments from Metro Manila, , and key urban markets likely to be linked to Panglao (Davao, Iloilo, Clark, and Legazpi) including corporate meetings and conferences segments Major Industry Hospitality GENERAL COST OF DOING BUSINESS IN THE PROVINCE Labor Rates Average Wage Rate ● Managerial – PHP 2,000.00/day ● Technical – PHP 1,500.00/day ● Clerical – PHP 900.00/day Land Lease Rates PHP 3,500.00/sqm Utility Rates (water, power, Power etc.) ● PHP 7.8782/kWh (low and high voltage) ● PHP 6.4248 (industrial rate) Water ● PHP 80.00 (0-10 cu.m.) ● PHP 10.75 (11-20 cu.m.) ● PHP 13.75 (21-30 cu.m.) ● PHP 30.50 (31 cu.m & above) ● Others (Sewage Treatment Plant/Boreholes) Information & Communication ● PLDT, Globe and Smart Telecoms (Mobile Service) ● Telephone ○ PHP 700.00/month (residential and commercial) ● Internet Connection ○ PHP 990.00 - 1,099.00/month (residential) ○ PHP 2,999.00 - 8,800.00/month (commercial)

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Logistics / Freight cost (if Air Freight (Tagbilaran-Manila) applicable) ● PHP 125.00 - 150.00 (0-5 kg) ● PHP 16.89 - 19.52 (6-49 kg) ● PHP 15.53 - 18.09 (50-249 kg) ● PHP 14.28 - 16.79 (250-999 kg) ● PHP 12.89 - 15.34 (1000kg & above) Shipping Freight (per Cubic Meter) ● PHP 900.00 - 1,900.00 (Tagbilaran - Any route) TIMELINES Expected Start Date 2021 Expected Completion Date 2031 CONTACT DETAILS

Ms. Anna Roxanne Uy Financial Controller South Palms Resort Panglao Panglao Bay Premiere Parks & Resorts Corp Brgys. Bolod and Tawala, Panglao Island, Bohol (+63) 917.705.7892 [email protected]

TIEZA Head Office TEZ Management Sector 7F, Tower 1, Double Dragon Plaza Macapagal Ave. cor. EDSA Extension Bay Area, Pasay City 1302 (+63) 961.281.8344 (+632) 8249.5900 local 754 [email protected] [email protected]

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