In Panama, a residential megaproject will be built in an area of 195 hectares to provide residential housing, apartment buildings, duplexes, commercial premises, and spaces for institutions that provide neighborhood services.
CentralAmericaData's Commercial section provides an up-to-date list of public and private construction projects that have submitted Environmental Impact Assessments (EIA) to the respective institutions in each country.
In the first quarter of 2021, 35 environmental impact studies were submitted to develop condominiums, apartment buildings and other housing projects in Central American countries.
The interactive platform "Construction in Central America", from CentralAmericaData's Business Intelligence Unit, provides an updated list of public and private construction projects that have submitted environmental impact studies (EIA) to the respective institutions in each country.
Through solutions based on the analysis of satellite photos and machine learning models, it is possible to optimize the process of identifying the best land uses and analyze the areas where a construction project will be developed with a high level of detail, in order to find the optimal location and minimize investment risks.
The accelerated growth in the availability of data and the solutions and technologies being developed to take advantage of it is directly impacting all industries, and the real estate and construction industry is no exception.
The Municipality of Panama tenders the improvement works of 12 residential complexes located in the Corregimiento de Calidonia.
Panama Government Purchase 2021-5-76-0-08-LV-013845:
"The work includes the supply of materials, tools, equipment, accessories, labor and all that is required to carry out the painting of facades and common areas and repair of roofs and balconies of 12 residential complexes in the Corregimiento de Calidonia, District of Panama.
In 2020, 172 environmental impact studies were submitted to develop condominiums, apartment buildings and other housing projects in Central American countries.
The interactive platform "Construction in Central America", by CentralAmericaData's Business Intelligence Area, provides an updated list of public and private construction projects that have submitted environmental impact studies (EIA) to the respective institutions in each country.
In Panama, tenders have been invited for the rehabilitation, maintenance and improvement of 71 multi-family housing buildings, located in the district of Barrio Norte and Cristobal Este, in the district of Colon.
Panama Government Purchase 2020-0-03-0-03-LV-040649:
"The Contractor shall supply all labor, management, materials, energy, lighting, fuel, water, tools, instruments, equipment, supplies and other means of construction necessary or appropriate for the execution and completion of the work, as requested in the tender document, shall obtain and pay for all permits and shall employ construction methods that will ensure prompt and satisfactory completion and that are compatible with the safety of life and property.
The rehabilitation, maintenance and improvement works of 17 residential buildings are being tendered, which are located in the township of Matias Iturrualde and Jose Domingo Espinar, district of San Miguelito, province of Panama.
Panama Government Purchase 2020-0-03-0-08-LV-040592:
"The purpose of the Project is to contribute to the maintenance, rehabilitation and improvement of the seven (7) multi-family housing buildings in Paraíso, eight (8) multi-family buildings in the Villa Guadalupe Housing Complex and two (2) buildings in the Los Abanicos housing complex.
The Ministry of the Presidency of Panama tenders the rehabilitation, maintenance and improvement works of multi-family housing buildings, which are located in the townships of Curundu, Betania and Pedregal.
Panama Government Purchase 2020-0-03-0-08-LV-040365:
"The works will be carried out in the District of Panama, in the following township: Corregimiento de Curundu, sector de Curundu 37 buildings, delimited by Los Martires Avenue and Nacional Avenue.
In the first semester of 2020, 85 environmental impact studies were presented to develop condominiums, apartment buildings and other housing projects in Central American countries.
The interactive platform "Construction in Central America", of the Trade Intelligence Unit of CentralAmericaData, includes an updated list of public and private construction projects that present environmental impact studies (EIS) to the respective institutions in each country.
The Panamanian government issued a decree to raise from $60,000 to $70,000, the maximum price for a home to apply to the Solidarity Fund contribution.
Through this norm for the zone code RBS (Residencial Bono Solidario), the sale price for the housing unit and the lot cannot exceed the sum of $70,000 at the national level. Previously it was $60 thousand, for some provincial capitals, reported the Ministry of Housing and Land Management.
Entrepreneurs in the real estate sector estimate that in the Panamanian market the prices of homes in inventory could fall between 5% and 10%, due to the economic crisis resulting from the outbreak of covid-19.
Although the construction industry is currently paralyzed because of the health emergency and the supply of new housing is not increasing, entrepreneurs anticipate a fall in the prices of residential property.
Although at the beginning of the covid-19 outbreak in all the markets of the region the interest for the rent of apartments of residential use diminished, at the beginning of April the fall stopped and in some countries an incipient rise is reported.
Through a system for monitoring changes in consumer interests and preferences in Central American countries in real time, developed by CentralAmericaData, it is possible to project short and long-term demand trends for the different products, sectors and markets operating in the region.
In 2019, 426 environmental impact studies were submitted to develop condominiums, apartment buildings and other housing projects in Central American countries.
The interactive platform "Construction in Central America", of the Trade Intelligence Unit of CentralAmericaData, includes an up-to-date list of public and private construction projects that present environmental impact studies (EIS) to the respective institutions in each country.
After the Preferential Interest Act was modified and the maximum limit for applying preferential interest to the purchase of homes was raised to $180,000, an 11% decrease in the inventory of available homes was reported.
The renovation of a school in Panama, the construction of a training center in Guatemala and the building of a residential tower in El Salvador are part of the investments announced in Central America for the coming months.
The interactive system "Construction in Central America", compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are planned to be in the coming months.