Coronado: Panama's Fort Lauderdale

83 km southwest from Panama City, the crisis is barely noticeable. Villas, luxury residences, resorts, sport complexes and buildings keep on growing.

Tuesday, August 18, 2009

Two shopping centers are being constructed to serve the population, to reach 52.000 by 2010. Named The Village and Coronado Mall, $30 million are being invested in them.

The global crisis has considerably slowed real estate sales in most areas of Panama, but, in Coronado, $20 million project "El Alcázar", is almost fully sold.

In an analysis by Raúl A. Bernal in Martesfinanciero.com, real estate agents "assure that construction permits have grown at an increased pace, going from an average $20 million in early 2000, to more than $50 million in 2006 and $75 million in 2008".

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Exemptions Removed From Major Tourism Development

December 2012

In Panama, Desarrollo Golf Coronado has been accused of possible falsification of public documents and irregular use of tax exemptions for tourism.

An article in Panamaamerica.com reports that the Tourism Authority of Panama (ATP) found in the course of an investigation that Desarrollo Golf Coronado included in its list of beneficiaries of tax incentives for the tourism industry two farms that did not belong to the hotel project. The benefits include 20-year exemption from paying property tax on land and improvements owned by the company. "

Luxury Homes on Panamanian Beaches

September 2012

Demand for luxury properties in Panamanian coastal areas has grown and it is not unusual to end up paying up to $1,800 per square meter.

Residential projects, depending on their proximity to the beach and how well esteemed the area is, in many cases can exceed a million dollars.

Increased Investment in Mountain Homes in Panama

February 2012

Real estate developers are backing residential building along the central mountain range.

With an investment of nearly $14 million, the company Canion Properties Corporation is to build two new stages of its project Hacienda Los Molinos in Boquete.

"But this is not the only mountain residential project being developed in the country, in fact, in Boquete foreign investor Sam Taliaferro is developing the Valle Escondido Resort, Golf & Spa project, a resort style residential community in the highlands of Panama, whose main attractions are its location, climate, and topography, but this project is targeting international buyers," noted an article in Capital.com.pa

Via Tertia Invests $59 Million in Building Projects

June 2009

The economic crisis led the Spanish company to expand its real estate projects in Panama, where it will build two residential projects.

One project will be done in Nuevo Arraiján and it will have 600 housing units. In the other one, in La Chorrera, the real estate developer Via Tertia will construct 950 homes.

ok


Lakp Diseño & Desarrollo

Organization that operates in El Salvador, Guatemala and Honduras.
Phone: (502) 2363 0466 - (502) 2363 4452

Company Profile

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Jan 21)
Brent Crude Oil
87.070
Coffee "C"
237.55
Gold
1,836
Silver
24.26