A housing complex consisting of two 16-story towers and two 19-story buildings, which together will house 196 apartments, is planned to be built in the district of Panama.
Inmobiliaria Navaltor, S.A. presented to the Ministry of Environment the Environmental Impact Study (EIA) called "P.H. Altos del Pacifico."
Grupo Roble began building a 15-story residential tower in the country's capital, which will house 96 apartments and is expected to be ready by the end of 2020.
According to the directors of the real estate company, the building called "Altos Tower" that is located on the extension of the Alameda Juan Pablo II of San Salvador, will have a parking lot with capacity for 224 vehicles.
Explained by the increase in vertical housing construction, in Guatemala manufacturer’s report that in recent year’s furniture designed for confined spaces has gained popularity and has become a trend in the local market.
Businessmen in the sector agree that since 2015 this trend began to be noticed in the country and some local manufacturers estimate that the demand for compact furniture has increased 40% in the last four years.
In Costa Rica, Concasa announced that it plans to invest $73 million in the development of four housing projects, which will be developed in the course of 2020 and 2021.
Company executives reported that the first project they will develop is called "Monte Alto", which is a complex of nine apartment towers, located in Curridabat and construction will begin in January 2020. For this project the company will invest $40 million.
The Ministry of the Presidency of Panama tenders rehabilitation and improvement works for 60 multi-family housing buildings located in Chorrillo.
Panama Government Purchase 2019-0-03-0-08-LV-036009:
"Rehabilitation and improvements for 27 multi-family housing buildings in El Chorillo, polygons 12, 13, 14, 15, district of Panama, province of Panama, Stage II."
In the metropolitan area of the country, there are an estimated 87 vertical housing projects for socioeconomic segment C, offering 5,963 apartments.
Representatives of the firm Global Inspections, detail that the 87 projects that are currently in the sale phase in the department of Guatemala, together accumulate a $874 million investment.
Offering more amenities in residential complexes and maintaining the discounts offered in housing fairs for longer are some of the strategies applied by real estate developers in Costa Rica to increase sales of new homes.
According to the most recent figures from the National Institute of Statistics and Censuses (INEC), between the first half of 2018 and the same period in 2019 the number of houses built in Costa Rica fell by 11% from 10,753 to 9,620.
In the first half of 2019, 178 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", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted to the respective institutions of each country.
At the Expo Capac in Panama, 2,100 homes were sold, and mortgage transactions for nearly $180 million were achieved, surpassing the projections of the organizers by 50%.
This year was attended by 400 exhibitors who presented some 600 real estate projects and the support of 14 mortgage banks, public and private, which closed buying and selling procedures with thousands of visitors who came together during the five days of the fair event, reported the Panamanian Chamber of Construction (CAPAC).
A residential complex that will house 765 housing units and will be composed of five apartment towers of 19 levels each is planned to be built in San Miguelito, Panama.
ICA Panamá, S.A. presented the Environmental Impact Study (EIA) to the Ministry of the Environment to develop the residential project called "Brezze Island."
Urbanica announced that from November will begin construction of the second apartment tower of the residential project "Puerta del Alma", located in Antiguo Cuscatlan, El Salvador.
A 53-story residential tower is planned to be built on a plot of land of approximately 3,300 square meters in Panama City.
Alive Real State, S.A. presented to the Ministry of Environment the Environmental Impact Study (EIA) to develop the residential project called "Alive."
A shopping mall in Panama, a multi-purpose real estate complex in Guatemala and the expansion of a drinking water system in Costa Rica are part of the investments planned for the coming months in the region.
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 constructionprojects that are expected to be built in the coming months.
A residential complex is planned to be built in the municipality of San Miguel Petapa, consisting of two towers of 12 levels each that will house 240 apartments.
Inmobiliaria y Desarrolladora D, S.A. presented to the Ministry of Environment and Natural Resources the Environmental Impact Study (EIA) to build the housing development project called "Torres Villa Hermosa".
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