New Real Estate Project in Panama

"Vistas de Tolé" comprises a 75 room five star hotel, 276 private residences, 50 condominiums and a golf course.

Tuesday, July 21, 2009


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Its Canadian developers announced the start of the first phase of construction, which includes basic infrastructure like roads and electric lines. The first residences will be delivered in the first quarter of 2010, with prices between $175.000 and $325.000.

"A project like ours requires impeccable planning, to maintain a balance between luxury and the environment, and we have considered every aspect", said Jean-Eudes Tremblay, president of Vistas de Tole S.A.

Vistas de Tolé's 86 hectares are located less than an hour away from the city of David.

More on this topic

Nicaragua: Restart of Hotel Project Announced

November 2012

In light of a better investment climate, construction has resumed of the luxury oceanfront condominium project, after becoming stalled two years ago.

Milagro del Mar was designed to create an exclusive community within the Gran Pacífica, with 122 condominiums, 20 villas, swimming pools with waterfalls and a pool by the ocean, a gym, a restaurant and a convenience store.

$467 million Tourism Development Announced

July 2014

The project consisting of 7 hotels with 855 rooms and condominiums to be built in the Papagayo Peninsula, Costa Rica, will be developed by the Costa Rican company Florida Ice and Farm.

According to a file submitted by the company Florida Ice and Farm (Fifco) to the Technical Environmental Secretariat, the project will require $467 million to be invested in five phases running up to 2022 and includes, in addition to hotels and residences, "... the building of four beach clubs, a community center, an equestrian center, a golf course, lakes and 165.3 acres to be preserved as a private reserve. "

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.

Panama’s Residential Market

December 2012

The residential market in Panama City remains stable, with slightly increased demand for Class A buildings at 74%, up 2% on the prior period.

CBRE Panama submitted its report on the housing market for the first half of 2012:

The residential market in Panama City has remained stable in the first half of 2012, showing an absorption rate of 74% in Class A buildings compared to 72% in the previous period.

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