Despite the worldwide financial crisis, the real estate market in Panama, while it has levelled off from the boom situation of recent years, remains active. Foreign buyers are still arriving in considerable numbers to look for homes and properties.
For homes, there are many developments to choose from. In Panama City, apartments constitute a buyer’s market and there are interesting offers of houses in the Old Quarter and outer city environs. The Pacific beaches area to the west of the city is developing fast. The Azuero Peninsula is getting its share of attention and further west, Bocas del Toro and Chiriquí remain popular for retirees and second home buyers. In Chiriquí, formerly known for its mountain properties, the coastal area around Horconcitos and Boca Chica has entered the limelight.
On the following pages, we offer a resumé of some of the projects.
Altos del María
Altos del María is a private mountain community located on 12,000 acres of natural beauty in the highlands of Sorá, 90 minutes from Panama City. It is a destination of choice for U.S., Canadian and European retirees, who are seeking an exclusive country community close to the modern life of the city.
The project has two major regions (valley and highlands) with a number of subdivisions in each area which have been developed keeping the natural slope of the terrain. Some lots have creeks or are near a river and all have panoramic mountain, valley, green belt or Pacific Ocean views. Residential lots and houses already constructed are available with a range of prices.
Newly developed areas are: Valle Bonito at an altitude of 900 meters which is being developed in three phases: lot sales, townhouses and villas. Also Bosques de Galicia with 58 lots, each more than 3,000 m2, situated above 1,000 meters high on the Continental Divide with views of the Caribbean sea and Lake Gatun; La Vega de Montalcino, lots with ecellent topography; Navarra, located on the private road to El Valle de Antón and Santo Domingo with panoramic views to the Pacific Ocean and Cerro Picacho
Altos del María is in an area with excellent temperatures between 17º and 27º C (61 – 78 F) all year. Here you can find fresh air, a variety of flowers, trees, pines, beautiful rivers, forest trails, dozens of streams, paved roads, electricity, telephone, internet, refreshing waterfalls, a heliport, 24 hour security and it is just 30 minutes from the Pacific Beaches with their commercial centers. and golf courses. The picturesque village of El Valle de Anton is also only 30 minutes away along the project’s private road.
There are already 1,500 property owners in Altos del María.
Contact: (507) 260-4813,
Playa Bonita Residences–on the beach near Panama City
Empresas Bern, the company which has developed some of the finest hotels, condominiums and residential projects in Panama, has come up with another winner — the Playa Bonita Residences which is situated on the beach 15 minutes away from the city.
Privacy, luxury, class and exclusivity define this project, which has spectacular views of the Pacific Ocean, the lush greenness of the Punta Bruja Natural Reserve and the Panama Canal.
The project offers the Casa Bonita tower inspired by both modern and classic architecture, which combines a Greek-Mediterranean style, featuring 26 levels from which you can choose different models / one or two bedroom apartments or three bedroom penthouses. All the apartments feature fine finishings such as counters of white quartz in the kitchens and nickel/plated faucets and marble counters in the bathrooms.
The two top floors of the tower are given over to a social area with 360 degree views, pool, gym, an open terrace and a meeting hall.
Home owners at Casa Bonita have automatic membership in the exclusive Pearl Club, a world class beachfront club with gym, spa and wellness center, pools and event salons, among other amenities.
Tel.: (507) 214-2376
Costa Blanca Villas
With a new international airport scheduled to open close by, any investment in the beaches area of Cocle province should be a good idea, but the Costa Blanca Villas residential development in Farallón is a highly attractive proposition. At only 90 minutes from Panama City, the beautiful Costa Blanca beach is the site of the gated community of Costa Blanca Villas by Royal Decameron Golf & Beach Resort where more than 300 villas and townhouses have been built over the past 10 years.
This project has the quality seal of the Caribbean Property Group (CPG), one of the main real estate investors and assets management companies in the Caribbean, Central and South America with offices in New York, West Palm Beach and Puerto Rico.
In this magnificent project you will find the model villas Buganvilia, a spacious detached house of 241.02 m2 with plots from 1,400 m2, fine wood finishing, high ceilings and a terrace with wonderful views to mountains or lake and a golf course.
La Ribera de Costa Blanca Villas is the ninth and most exclusive phase of the project. The Guayacan duplex model has 252 m2 construction and plots from 800 m2 overlooking the ancient treetops that surround the Farallon River.
Enjoying nature will be an experience from your Cedro condominium.
Owners at the development are awarded with a membership for the Mantaraya Golf Club, a course of 18 holes 72 par, designed by the renowned architect Randall Thompson. There is also an elegant Club House with shops and a pristine practice place for golfers.
Del Mar Beach Club Membership is also included. The club features superb cuisine, 24 hour security, gardens, tennis court, spa, convention center, casino, private pools, nursing station and on call doctor 24 hours.
For more information call (507) 270-2014 or write to firstname.lastname@example.org.
A luxury resort is being built on the 600 acres of Viveros Island in the Pearl Islands, near the archipelago’s largest island, Isla del Rey. It will have luxurious homes, a boutique hotel, a marina, airstrip and golf course.
Las Villas de la Marina consists of small buildings of one, two or three floors. The apartments have two to three bedrooms with private baths, walk-in closets and open-plan kitchens plus a breakfast bar.
Houses: There are several furnished 3 and 4 bedroom houses that can be rented for vacations.
Guest-House: In the house of a resident couple you can rent 4 bedrooms with French food served at the table of the owners.
Hotel Boutique: soon.
Marina: The marina, built on the same model as Amador Marina, accommodates yachts of up to 200 feet. It has capacity for 30 berths. A 20 passenger boat is available at the marina for tours and to pick up passengers from and to Contadora or Saboga. The Marina will feature a fuel station, bar and restaurants.
Facilities A center with a deli, grocery store and restaurants is in the plans. All power lines are underground to preserve the natural beauty of the island.
Signature Golf Course designed by renowned architect Jack Nicklaus, is in the plans, with the construction of a driving range as the first phase.
Airstrip: Phase one of the runway is finished and passenger aircraft for up to 80 passengers will be able to land when the 4600 feet runway is completed.
Beach Club. Recently opened is the island’s own beach club which offers a day pass leaving at 8 a.m. on the ferry from the Trump Tower returning at 5-30 p.m. It is all inclusive with lunch and access to the activities of the beach club. Call 399-6535 for reservations.
The Beach Club exclusively for residents of the Trump Tower and Isla Viveros, has concierge services for whale watching, snorkeling, diving and other water sports. Jet skis, kayaks and other equipment can be rented. There are also restaurants and bars. Yoga and meditation gardens invite guests to relax. The tennis courts and a garden center are in the planning process.
Sales offices: Punta Pacifica – Edificio Aqua Lina. (507) 214 8841 email@example.com
Panama Pacifico The Green Community
Minutes from Panama City, you’ll find a community where sustainable ideals and modern convenience converge. Here, walkways and wide avenues connect world-class architecture with hundreds of acres of green.
A fully master-planned community growing at light-speed, Panama Pacifico has unfolded before our eyes, with neighborhoods like River Valley. Fronting the new Panama Pacifico sports park, River Valley features its own playground and pool, and is a short walk from a brand new PowerClub.
Phase one is well underway, with garden apartments and single-family homes slated for completion in mid-2014. Recently launched, phase three of River Valley is open for sales now.
Also new, Woodlands boasts its own retail center, five parks…and Panama Pacifico’s most competitive prices yet. A community unto itself, Woodlands features mid-rise condominium buildings, townhomes, duplexes, and single-family homes.
Already under construction, phase one is slated for completion in mid-2014. (Woodlands has proved so popular that just a few units are available in phase two.)
An established community
Panama Pacifico’s new Town Center began transforming into a hub some two years ago. Exciting ground level retail in Mosaic, the newest condominium complex, includes Grupo Generali, Scotiabank, Yogen Früz frozen yogurt, Latin Bikes and premier drugstore, Arrocha.
Another condominium building, Soleo, houses HSBC, Credicorp, a Pappa’s brand Italian restaurant, a Pan y Canela bakery, Pacific Beauty Salon, and Fruteria Deli.
With single-family homes, Nativa is one of the area’s most exclusive residential communities, Nativa features a Clubhouse with cascading pools, social areas for parties and gatherings, and more.
With the region’s premier Special Economic Area (SEA), Panama Pacifico has attracted more than 165 companies, including medical facilities, universities and schools. The Visitor Center is open six days a week (Sundays by appointment). Tel: 316-3588;