A Palawan Island With Twin Beaches Is Being Sold on Facebook
There is an uninhabited island in Palawan that is being sold on Facebook for P30 million. The island is called Pandan Island and is located in the municipality of Cuyo in the eastern part of the province.
Pandan Island is part of a group of islands, islets, and shoals in Cuyo. It is 60 kilometers from Amanpulo. The island is actually a shoal surrounded by reefs. It is a rich diving and snorkeling site.
Municipality of Cuyo Where Pandan Island is Located
To get an idea of how large the island is, notice the small white boats in the image above.
According to the seller, the island has an area of six hectares. To get there, you will travel by boat from Puerto Princesa to Cuyo for 12 hours. The island features twin beaches facing each other. There is a small cave in the island and a deep well source of water.
The island is being sold by a Facebook page called Palawan Farm Lots, a real estate marketing firm that sells “the best farm lots and beachfront properties in Northern Palawan,” according to its site.
Island Ownership in the Philippines
All islands in the Philippines are owned by the state, but they can be bought by Filipinos as long as you have the right documents and permits from the government. You cannot build anything on an island you just bought. You have to secure environmental permits and clearances from the Department of Environment and Natural Resources and the local government.
Foreigners are not allowed to own islands because of the constitutional limit to foreign ownership of property in the Philippines. But there are many foreigners who take advantage of loopholes in the law to purchase islands or beachfront properties.
To own an island, wealthy foreigners buy them by incorporating the names of their Filipino spouses. Another option is by leasing the islands for terms lasting for 50 years or more. When the lease expires, the rights to the island return to the state.
Other foreigners set up a paper corporation of which they control 40 percent. They assign Filipino incorporators who would own 60 percent of the company and then proceed to buy the island in the name of the company.