Alturas Group Unveils Panglao Shores – A New Blueprint for Sustainable Development in Southeast Asia

Conglomerate invests 25 billion pesos (USD477 million) in once-in-a-generation 57-hectare mixed-use community development conceptualized by global leaders in sustainability and master-planning

Bohol, Philippines, 12 January 2023: Leading Philippine conglomerate Alturas Group has unveiled a bold new vision for development on the island of Bohol with the launch of Panglao Shores, a 57-hectare mixed-use project that marks sustainability, community, and local culture as its guiding principles.

The storied project was born from humble beginnings. The pandemic created many challenges for businesses and led to hardship and layoffs. Alturas retained all staff, repurposing them into sometimes unfamiliar roles as they built South Farm to support local communities.

Over time it became a sustainability incubator, a place to meet, practice, experiment, and cultivate resources, plant trees, and store materials such as recycled wood. It evolved into a place that simply and most meaningfully represented the essence of Alturas’s inclusive culture and community ethos. South Farm was to become the inspiration for the entire Panglao Shores development.

The success and spirit engendered at South Farm left a deep impression on Alturas Group, founded in Bohol by the Uy family, and from this seed a wider vision for the future was developed with the help of London-based sustainability experts, XCO2, and master planners SCSY who’s head office is located in Singapore.

“It was an epiphany for us, a real moment of awakening,” said Hope Uy, CEO of Panglao Shores. “The realization was that here was an opportunity to create a generational product, inspired by Bohol, on a scale that would enable a fully-integrated community to flourish with sustainability at its core.”

The result is a low-density, mixed-use development infused with the nature of Bohol, created for domestic and international buyers, integrating six hotels and resorts, 37,000sqm. of retail and commercial space, over 1,000 residential units, and an international medical facility while seamlessly weaving sustainability and social responsibility into the fabric of the project and the wider destination.

Conceived by Panglao Bay Premiere Parks & Resorts Corp. (PBPPRC), a subsidiary of Alturas Group of Companies (AGC), the project is located on the southern coast of Panglao, just off the coast of Bohol, and is a flagship project under…