$400 million housing project in El Salvador

The project, which will include an 18-hole golf course and club house, will begin to be built in November to the south of the capital.

Friday, August 15, 2008

El Encanto Villas & Golf, as it is called, will start will and estimated investment of $400 million and includes residential lots, apartments, golf course and country club. The figure includes investments by the owners.

The design of the project includes an modern concept that is in harmony with nature. The private project will be protected by a perimeter wall.

More on this topic

Nyesa Announces Real Estate Development in Costa Rica

September 2010

Nyesa Valores Corporación has announced the signing of a $330 million agreement with a North American investment fund to finance the construction project.

The complex will be constructed in the Costa Rican Pacific port town of Puntarenas and will feature a world class golf course designed by champion golfer Greg Norman, beach club, sports center and 1,400 residential units including villas, condos and vacant lots.

$43 Million in Second Phase of “Bahía de Tela”

May 2010

$43 million will be invested in developing the second stage of this Honduran tourism project, between July 2010 and October 2012.

The new stage comprises a 120-room, 5-star hotel and an 18-hole golf course, plus a golf club, commercial spaces, a beach club and complementary infrastructure.

$57 Million in Touristic Project in Panama

March 2010

It is called ‘Paseo de las Casas’, it is located in the province of Coclé and includes luxury residences and a golf course.

Construction of the first phase has already begun, comprising 4 apartment buildings. As for the golf course, it will feature 18 holes, and is expected to cost $18 million.

Urban Development Project in El Salvador is On-Hold

February 2009

The development of the El Encanto Villas & Golf project, which includes residential lots, apartments, golf course and a country club, has become paralyzed.

The businessman, Rafael Castellanos, told Elsalvador.com: "El Encanto Villas & Golf has become paralyzed due to the electoral uncertainty in the country.

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