A residential in Panama, an office building in Costa Rica and an apartment complex in Guatemala are part of the projects expected for the coming months in the region.
The interactive system "Construction in Central America" from the Trade Intelligence Area of CentralAmericaData includes an updated list of public and private construction projects that are expected to be built soon.
Between 1990 and 2017, the constructed area of residential complexes in the condominium and apartment format in the Grand Metropolitan Area of Costa Rica grew from 5% to 25% of total space.
The most recent report from the State details that 80% of condominiums are in 24 districts, most of which are in the Western and Northern areas of the Grand Metropolitan Area (GAM).
A 15-floor building is planned in Zone 11 of the country's capital, which will have 118 apartments and a parking lot with capacity for 246 vehicles.
According to the interactive information system "Construction in Central America" developed by CentralAmericaData, Desarrollos San Miguel, S.A. plans to build a tower that will house 89 apartments with three bedrooms and 29 with two bedrooms.
Two apartment buildings have been announced, they will require an investment of $22 million and will be in the municipality of Santa Tecla, department of La Libertad.
The Tres Torres Desarrollo Inmobiliario company reported that the construction of the two towers that will house 156 apartments and will have parking for 340 vehicles, are part of the residential complex "Nuva 112."
In Panama, 83% of the houses and apartments for sale range in price from $150.000 to $2 million, while 80% of those interested seek properties with prices below $150.000.
Andres Buitrago, manager for Central America and Colombia of OLX, who prepared the study, detailed to Elcapitalfinanciero.com that "... 84% of the supply is concentrated in six areas: San Francisco, Bella Vista, Betania, Ancon, East and West Panama."
A six-floor apartment tower and a basement for vehicle parking were announced in the Utila colony, Santa Tecla.
Alpha Inmobiliaria is the company in charge of the residential project development called "Vento", and the representatives informed that the condominium will offer 21 apartments whose prices will range between $85,000 and $170,000.
A 10-floor apartment building with 3 basements for parking was announced. It will be located in San Francisco, San Salvador.
Representatives of Alpha Inmobiliaria, developer company of the residential project called "Tribeca", informed that the condominium will offer 55 apartments and the investment will be approximately $12 million.
A 22-floor commercial and residential building is planned in Zone 10 of Guatemala City, which will have 11 basements for parking vehicles.
According to the interactive information system "Construction in Central America" of CentralAmericaData, Forum Americas 14, S.A. plans to build a tower that will house shops, offices and apartments.
A 20-story residential building is planned in Zone 15 of Guatemala City, which will accommodate 70 apartments and will have six basements.
According to the interactive information system "Construction in Central America" of CentralAmericaData, Niko 10, S.A. expects to build a residential tower with apartments of between 73m2 and 93m2.
After the Malaga City housing project was acquired by ALD Inmobiliaria in Costa Rica, the construction company has re-started work on the 1,600-unit condominium.
In August, in order to reactivate the project under the name "Residencial Terra Verbena", the acquisition of the residential complex "Malaga City" located in Alajuelita by ALD Inmobiliaria from Rock Constructions was reported.
A multi-purpose project in Costa Rica, works on aqueducts in Panama, and a condominium in Guatemala are part of the projects planned for the next months in the region.
The interactive platform "Construction in Central America", from the Business Intelligence Area of CentralAmericaData, includes an up to date list of public and private construction projects that are expected to be built soon.
It is expected to invest $14 million in the infrastructure of an apartment building, which will have 109 housing units and will be located at kilometer 16 of the road between San Salvador and La Libertad.
The project, called AtLoft, will be developed by Tuscania Corporate & Business Park (TCBP), and according to its representatives, the complex will include a total area of seven blocks.
On October 6th and 7th, 30 real estate development projects focused on the high socioeconomic population will be presented in Guatemala.
The projects to be presented at the event called Luxury Real Estate Guatemala are part of the top class and are located in the 10, 13, 14, 15, 16 and Muxbal areas.
During the first half of 2018, 203 environmental impact studies were presented in Central American countries to develop condos, apartment buildings and other housing projects.
The interactive platform "Construction in Central America", included in the Business Intelligence Unit at CentralAmericaData, lists updated public and private construction projects that present environmental impact studies (EIA) to the respective institutions of each country.
At the end of the first half of 2018, the inventory of apartments in the country's capital reached 17,871 units, 5% more than reported at the beginning of the year.
At the end of the first half-year, the absorption of units of apartments built and in progress has decreased, from 92.3% to 87.4% in the first semester of 2018 according to a report by CBRE.