Construction began on the second building of the Torres Los Yoses residential complex, the new building will have 19 levels, will house 119 apartments and will require a total investment of approximately $18 million.
According to information provided by Grupo Inmobiliario Del Parque, developer of the project, which is located at the entrance of Los Yoses neighborhood in the country's capital, the new tower, whose groundbreaking ceremony was held on February 19, 2021, will have about 16,500 square meters of construction and the building works are expected to be completed in January 2022.
In Zone 14 of Guatemala City a 13-level tower is planned to be built that will house 70 apartments, will have four basements and will require an investment of approximately $5 million.
According to the interactive platform "Construction in Central America" of CentralAmericaData's Business Intelligence area, Delfines S.A., submitted to the Ministry of Environment the Environmental Impact Study (EIA) to develop the project called "Terra Delfines 2020."
In Zone 16 of Guatemala City they plan to build a residential complex composed of ten apartment towers, which will house 225 housing units of different types.
According to the interactive platform "Construction in Central America" of the Trade Intelligence area of CentralAmericaData, Inmobiliaria Las Lomas S.A., presented before the Ministry of Environment the Environmental Impact Study (EIS) to develop the project called "El Socorro Fase I".
In Zone 9 of Guatemala City, a residential tower is planned to be built that will house 281 apartments and have a parking lot with capacity for 541 vehicles.
According to the interactive platform "Construction in Central America" of the Trade Intelligence area of CentralAmericaData, Las Orquideas S.A., presented before the Ministry of Environment the Environmental Impact Study (EIA) to develop the project called "LOZ 9".
The developers Alpha Inmobiliaria and 3 Torres, announced the beginning of the construction of two residential towers that will house 38 apartments, the complex would be ready by the second quarter of 2022 and will be located in the Escalon colony of San Salvador.
According to information provided by the developers, the new residential project is called "Scala Apartamentos", will require an investment of over $6 million and consists of the construction of an 11-level tower and a 9-level tower.
Open spaces in the condominiums, green areas and enough rooms to accommodate a home office, are aspects that Guatemalan consumers consider when buying a residential property.
As a result of the covid-19 outbreak, the population in Guatemala was subjected to strict quarantine, which caused changes in people's behaviors and modified tastes and preferences.
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.
In the district of San Felipe, province of San Jose, Costa Rica, the company Monte San Miguel AOE SRL, plans to build a residential complex of three apartment towers of eight levels each.
According to the interactive platform "Construction in Central America" of the Trade Intelligence Unit of CentralAmericaData, Monte San Miguel AOE SRL, presented to the Ministry of Environment the Environmental Impact Study (EIA) to develop the project called "Monte San Miguel Condominium".
In Zone 14 of Guatemala City, the company Desarrollos Quinta S.A., plans to build a 23-level apartment tower that will have a construction area of 40,285 square meters.
According to the interactive platform "Construction in Central America" of the Trade Intelligence Unit of CentralAmericaData, Desarrollos Quinta S.A., submitted to the Ministry of Environment the Environmental Impact Assessment (EIA) to develop the project called "Avita Quinta".
Torres Natura S.A. plans to build a residential complex consisting of three apartment towers, which will be located in the municipality of Santa Catarina Pinula, department of Guatemala.
According to the interactive platform "Construction in Central America" of the Trade Intelligence Unit of CentralAmericaData, Torres Natura S.A., submitted to the Ministry of Environment the Environmental Impact Assessment (EIA) to develop the residential project.
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.
Although the Guatemalan economy has almost stagnated in recent months, during the first half of the year the number of loans granted for the purchase of residences grew 3%, and by 2021 it is predicted that sales could be similar to those of 2019.
The social distancing measures and the prohibition of several economic activities decreed by the authorities due to the covid-19 outbreak, caused considerable negative effects to the Guatemalan real estate market.