65 minutes from Panama City, the resort has 227 m2 houses and 117 m2 apartments, a golf course, swimming pools and sports fields.
The project Bijao Beach project has advanced the Villas Miraflores complex with single-family homes and apartments, which occupies 7.5 hectares in an area located 65 minutes west of Panama City.
In the past two years, land prices in the radius around the canton of Alajuela have multiplied by six.
Within the GAM (Gran Area Metropolitana), since 2010 Alajuela has been top area in terms of square meters processed, say statistics from the Association of Engineers and Architects (CFIA). That would explain the very interesting property prices in this canton.
The Trujillo Beach Eco-Development has been announced, with an investment of $50 million in an 600 hectare area which will feature residences for Canadian and Israeli citizens, in the form of condominiums and a hotel.
To date 40% of the total planned cost has been invested, which is $50 million. The "Trujillo Beach Eco-Development" project will be developed in a 600 hectare area in the area of Viejo Marañones, in the vicinity of Lake Guaymoreto.
The company Urbánica Desarrollos Inmobiliarios plans to develop an residential project, known as Portal Canarias in a 15.7 hectare area in El Espino.
The project, which includes four residential condominiums, will generate about five thousand jobs both direct and indirect, said Alvaro Barraza, Commercial Manager of the project.
"According to Barraza, Portal Canarias is inspired by the Atlantic archipelago of the same name, and each condominium building - Puerta Gran Canaria, Allegranza, La Palma and Los Faros, aims to meet the needs of different types of families in El Salvador, but gathered together in an environmentally friendly space that will give all residents the opportunity to experience a fusion of nature, urban creativity and security", reported Elsalvador.com.
Property Developer Cubitá will begin in September a project by the same name in the Province of Herrera, Panama.
The works include the converting five acres into land suitable for residences, a shopping mall, condominiums and a hotel, the construction of which is expected to be completed in late 2012.
According to an article in Laestrella.com.pa's, "The project includes building 91 houses in the residential area, of which 64 are apartments and 27 will be houses, all within a gated complex with a perimeter wall and security gate. The square, the commercial component of the new concept, will have the capacity to house 17 shops or establishments. "
Eleven new vertical projects will see the light over the next two years in the Greater Metropolitan Area.
Aimed at the middle and upper classes, most developments are to the west of San Jose.
Among the projects, one that has already been started is Paseo Colón Torres, in which $28.6 million has been invested and will be finished next year.
El Financiero reported statements by Rosendo Pujol, director of the Research Program on Sustainable Urban Development at the University of Costa Rica (PRODUS in Spanish), concerning the reasons for this boom, which he said were "... insecurity, growing congestion on roads and significant increases in the income of a minority. "
A new urban project, Hacienda Espinal, will be developed on kilometre 17 of the new road to Caldera.
The project, to be developed by the firm Garnier & Garnier, will cover 37 hectares and has an investment for the first phase of $20 million. Included in the construction are residential units, restaurants, a school, a supermarket and offices.
Attracted by the new road other companies have put their faith in real estate investment.
Grupo Krea plans to have the first phase of the project ready en Playa Monterrico, Santa Rosa by the first quarter of 2012.
The Guatemalan development project consists of hotels, villas and apartments distributed over an area of twenty hectares and will be built over a period of 5 years.
The USA’s emerging economic recovery and the growth in Guatemala's own economy are some of the reasons that have brought Grupo Krea to venture into this tourist development.
Along with construction of a cruise terminal, there are also housing projects.
The residential projects, among them Alta Vista Beach, are being developed by Desarrollos Vision de Vista.
This project, as well as the Banana Coast cruise terminal, which is developed by "Grande Trujillo Autoridad", is sponsored by the Canadian company Fast Track Capital.
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.
The developer, Nova S.A., has been awarded the contract to construct the $25.8 million project.
The development comprises a residential area with buildings of various sizes, commercial premises, kindergarten, health center, police station and recreation areas (sports field, parks) and all the infrastructure services necessary for a complete housing solution.
The realtor El Parque is to develop an apartment block in the La Uruca area of the capital, San Jose.
Construction of the 15-story building is scheduled to begin in December 2011 and take 18 months to complete.
"El Parque group's new project will be located on a 13,000 m2 site near the main highway connecting the capital with the airport, very near the San José Palacio hotel," reports La Nación.
Habitare Inmobiliaria will build a real estate project called “Puerta Grande”, featuring 65 residential units.
The company expects to deliver 40 units in 2010 and have the project completed by mid 2012, explained Rodrigo Arenas, company director.
“Construction started three years ago, on a 7 hectare lot located at kilometer 14.1 of the highway to El Salvador. It has created between 400 and 500 jobs”, reported Elperiodico.com.gt.
Named “Residencial Manuel Castillo”, the project includes residential and commercial areas.
It comprises a residential area with apartment buildings, lots for commercial space, a nursery, health center, a lot for a police station and recreational spaces (playground, parks). It is intended to be a complete housing solution for the province of Colón.
Developed by “Grupo Inmobiliario El Parque”, the project consists of two condominium towers, offices and shops.
Construction will begin on July and it will be locate in the capital city, in Paseo Colón.
Spokesperson José Luis Salinas reported that the project will be executed in two phases: the first involves building four shops, 69 offices and 118 apartments, for a total 35.000 square meters.