World No 2 Park began the day in a tie for eighth at seven-under, just two shots ahead of Ko, but made birdies on the first three holes as well as the sixth and seventh, finishing with an eight-under round to claim her sixth LPGA win.
Lee was two shots behind Korea's Sung Hyun Park after a thrilling final day at Sentosa Golf Club in Singapore, the Korean World Number Two blazing home in 64 strokes to deny Lee the title.
"Sung Hyun, she's such a great golfer; I'm not surprised she shot 8-under because she's the best to me, so just congrats to her", said Jutanuguran. "She's great", said Ariya. Two double bogeys, on the fourth and 13th holes, were enough to end her chances of a first title this season.
"If Tiger is watching this interview, then I would want to say that because we met, you gave me such a good energy, that made me win this tournament", said the world number two Park.
Park is playing in this tournament as part of her commitment to Solaire Resorts and Casino, which is also owned by golf patron and Philippine Golf Tour benefactor Ricky Razon.
"So a year ago, my shots and like overall thing was pretty unstable in the beginning of the season, and I think my training in the last winter really helped me a lot, and it also helped me to be stronger with my play", she said.
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"I didn't start off that well, but I was able to birdie the second hole, chip-in and that kind of changed my mood a little bit and momentum", said Henderson.
Tied for third on 11-under were South Korea's Ko Jin Young and Spain's Azahara Munoz, who both had final rounds of 69.
World number three Lee's challenge faltered after a bogey five on the 14th which handed Park a one-stroke lead which she extended with a further birdie on the 16th.
Park was languishing 39th in the 62-player field after Thursday's first round 69 but she remained typically unflappable to work back into contention. "I am really happy because I used to have rough starts to my year, and I think that I will now feel really comfortable for the rest of the season".
Park had edged in front and a sealed the victory in style with a nerveless 25-foot putt on the 16th for a birdie four.