Reuters via Tacloban Times – News today that local born Wilson Justo, currently residing and operating out of Australia, completed the first stage of a major new housing development in the bustling port of Pinamopoan, on the northern coast of Leyte Island in the Philippines.

His plan is said to include a number of luxurious villa style mansions, to be built overlooking the ocean. As is often the case with big property magnates, to promote the development, he has taken the title on the first building himself to use as a residence for local members of the Justo clan.

On the strength of this first property, he is currently seeking funding to convert more of the older style residences in the area to modern dwellings. Sources close to the project say the aim is to turn the town in to a Monaco of the East, with a casino and resort style hotel on cards if sales go well.