$111 Million Awarded for UrbanizationThursday, December 13, 2018 Ingenieria Rec, S.A. was awarded the urban renewal project "Altos de Los Lagos - Second Stage," which consists of the construction of 1,620 homes on a 23-hectare site. On December 12th, the contract for the urban renewal project of the City of Colon was published in the portal PanamaCompra, which includes a second phase located on a polygon of about 23 Hectares, in Los Lagos sector, Cristóbal neighborhood, Colón District, Province of Colón and which will be called "Altos de Los Lagos Project - Second Stage." Residential Mortgages Growing in PanamaMonday, April 18, 2016 In February 2016 the mortgage loan portfolio exceeded $13 billion, 15% more than was recorded in the same period in 2015. For the remainder of the year it is estimated that the total mortgage portfolio of the banking system will far exceed what it was in 2105, at a time when there is increasing demand for this type of financing and there remains a significant shortage of low and middle income housing. Nicaragua: $20 million for Affordable HousingThursday, September 8, 2011 An IDB loan will support a program of housing and neighborhood improvement, focusing on low-income families. A press release from Inter-American Development Bank (IDB) reads: Panama: $ 12 million for Social HousingFriday, June 26, 2015 Panama's National Assembly has approved a transfer from the Ministry of Housing of $12 million for the construction of social housing. From a statement issued by the National Assembly of Panama: $50 million for Banco General de PanamaFriday, August 26, 2011 The International Finance Corporation has granted a loan to Banco General de Panama so that it can offer more mortgages to low-income families. The $50 million long-term IFC funding , which will run for seven years, will enable Banco General match the maturity needed to finance mortgages for low-income groups. Real Estate Boom in Eastern PanamaWednesday, December 13, 2017 Greater mobility provided by Line 2 of the Metro in the East of the capital explains the growing attractiveness of the area for real estate development, especially for residential construction. As of October 2013, the total amount of area processed for new residential buildings in the province of Panama amounted to 903,000 square meters, while in the same month in 2017, just four years later, the figure exceeds one and a half million square meters. Tender for Construction Kits in PanamaMonday, July 20, 2015 Eight companies have taken part in the approval meeting for the tender for the supply of 5000 PVC panel construction kits, worth $19 million. The companies that showed interest in participating in the tender for the building materials are Maqui Construcciones, Construcciones, S.A., Grupo Metales, S.A., GeoPools Panamá, S.A., Royal Construction Panamá, S.A., GEM, Cedeño y Cedeño Asociados, and Irsa, S.A. Tender for Construction of Affordable HousingThursday, April 3, 2014 The Ministry of Housing in Panama is putting out to tender the construction of 250 social housing units in the provinces of Panama, Veraguas, Colon and De Los Santos, for $4.9 million. Panama Government Purchase 2014-0-14-0-08-LV-007019: $8 Million for Social Housing in PanamaFriday, August 21, 2009 Families with incomes below $850 will be entitled with a $5.000 grant for home buying. The Housing Ministry (MIVI) attempts to combat housing deficit in the country with the approval of this $8 million loan by the Economic National Housing. Green Numbers in the Real Estate MarketTuesday, September 12, 2017 By the end of 2016, the bank loan portfolio for housing and commercial construction exceeded $14.7 billion, and more than 19,000 houses and 545 buildings were built in Panama in the last six years. A combination of low interest rates coupled with a growing and stable real estate supply account for much of the growth in real estate and construction activities in Panama. Infrastructure Projects in East PanamaFriday, January 15, 2016 The government has announced that investments will be made in road infrastructure, social housing, health, sanitation and education in 2016. The eastern part of the Province of Panama (covering the eastern part of Tocumen International Airport to Darien Province) could have new infrastructure projects, as announced in the last Cabinet council meeting of the Government. Tender: Social Infrastructure for $30 millionFriday, July 1, 2016 A tender is being launched in Panama for the construction of 1,500 social housing units and 969 sanitation units in the provinces of West Panama, Veraguas and Chiriqui. Panama Government Purchase 2016-0-14-0-15-LV-010 382: Tender: Houses for $12 millionTuesday, June 14, 2016 Panama is inviting bids for the construction of 500 social housing units and 755 health units in the province of Los Santos. Panama Government Purchase 2016-0-14-0-07-LV-010 242: Tender: Construction of Housing Units for $32 millionWednesday, June 24, 2015 The Panama Housing Ministry is putting out to tender construction of 2,000 affordable housing units in the province of Panama. Panama Government Purchase 2015-0-14-0-08-LV-008 683: Martinelli Lays Out a New Way for PanamaThursday, July 2, 2009 The difficult job of overcoming the economic crisis will have a very eclectic guide who will combine big state projects with the drive of private enterprises. The economic maneuvering announced in new Ricardo Martinelli’s inaugural address, will have four main axes: The construction of the Metro and the completion of big public works projects that are already underway, along with the maintenance of the momentum of the construction industry after completing the expansion of the Canal. A social policy that includes the use of subsidies for the construction of housing projects. A Ministry has been created for the promotion of small and medium sized businesses. Finally, opening the Panamanian economy to more international trade through more free trade agreements. |
|