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Sunday, April 29, 2007

Denovo - Condo in Obarrio, Panama City

41 stories into the sky. The neighborhood features a Ferrari dealership, Rolex, Hugo Boss, Cartier and the best luxury brand found in Panama. The brand standard of DENOVO includes international services from ¨world-cierge,¨ translators fluent in eight languages, a business center with conference room and personal assistants who execute both personal and professional needs ... your way.

The Price: 230,000 - $390,000
Total Area: 969-1195 sq.ft

Currently Panama is offering tremendous incentives for buyers of new construction in the form of property tax incentives, citizenship and so much more. Also, as one of the largest centers for international banking, foreign national financing is easier than ever before.
The Executive Residences at Denovo will be fee simple condominiums that can be enrolled in a rental program similar to condo hotels, but without many of the fees and restrictions typically associated with them. All Executive Residences will come fully furnished in the most luxurious of ways including wiring and telecommunications in your private office, central air conditioning and wine cellar.
Panama Legal Consultants: We are a lawyers with experience in real estate consulting and properties transactions. Please call us: ++ (507) 6798-1338
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Thursday, April 26, 2007

U.S. retirees fuel boom in Panama

Copyright 2007
Houston Chronicle

PANAMA CITY, PANAMA — Towering cranes and more than a dozen residential skyscrapers under construction obscure the retired Houston couple's view overlooking Punta Pacifica, Panama City's hot new foreign enclave.
In one direction, Donald Trump is building a 68-story, sail-shaped edifice on the Pacific Ocean called the Trump Ocean Club International Hotel & Tower.
In another, Spanish company Grupo Mall, which is selling properties out of Houston, is putting up Los Faros de Panama, The Lighthouses of Panama, a glitzy development complete with apartments, a casino and a hotel.
At least 170 residential towers worth $3.2 billion are planned or currently under construction, according to a recent survey by real estate consultancy Prima Panama.

Fueling this boom, in part, are U.S. retirees lured by Panama's cheap health care, dollar economy and widespread use of English. More moving southBetween 2003 and March 2006, the Panamanian government issued 1,379 visas to Americans 55 and older, according to a report by the Washington, D.C.-based Migration Policy Institute, adding to the already growing retiree population.

In 1990, by contrast, 491 American retirees called Panama home, according to the institute. With 78.2 million U.S. baby boomers expected to reach retirement age in the next two decades, developers and the real estate industry are counting on Panama to issue many more visas.

"Panama is the latest country to join this boom — and with a lot of dynamism," said Orlando Lopez, general manager of Central America for Houston-based Stewart Title, which plans to open an office in Panama City later this year. Lopez, who's based in Costa Rica, estimates the office could guarantee $300 million in properties within a year of operation.

Other Houston-based companies are also hoping to get a piece of this market. Houston-based AbroadEstatesgroup has the exclusive rights for the Texas market to sell homes in Grupo Mall's development, which will have three towers, the central one reaching 84 stories. A handful of Houstonians are expected to produce down payments for units in the development, said Jose-Pablo Fernandez-Cueto, international operations officer for AbroadEstatesgroup, which also offers financing for homes in Mexico and Costa Rica.

Incentives abound Panamanian developers began aggressively catering to U.S. buyers, with golf courses, gated communities and American-style shopping centers, about three years ago. Magazines and even television shows with tips for buying property abound in Panama. Promoters tout the nation's warm weather, flights to the U.S. and discounts for a variety of items, including movie tickets and doctor's visits.

The Panamanian government is also selling the nation, offering some exemptions on property taxes, duties for importing household goods and a car. Such incentives seem to be at least sparking the interest of American retirees.

A Panama Marriott Hotel guest from Wisconsin recently stopped at the concierge desk to ask about the location of retirement communities. One March morning, a group of visiting Americans met with real estate agents in the lobby of the InterContinental Miramar Panama for tours of properties.

And more than 150 U.S. real estate agents recently attended Panama Spectacular, a weeklong conference providing tours of dozens of properties in Panama City and along the Pacific Ocean. Promoting the countryPanamanian native Xiomara Samudio, an Atlanta real estate agent and Continental Airlines flight attendant, was one of the attendees.
"I thought it was just a wonderful idea for my business to be able to visit all the developments so that I can go back and sell Panama," said Samudio, who walked barefoot on the beach at a gated community.

"As a Panamanian, I feel extremely proud that the government of Panama and all of the real estate people have done an extraordinary job promoting the country." Though there are plenty of promotions of projects, real estate agents and interested buyers can view few completed developments for now.

Instead, they stop by fenced-in construction sites, model homes and empty Pacific Coast beaches where developers promise to build high-rise buildings and gated communities. "This phenomenon right now is all about sales and beginning to get into construction," said Paul McBride, chief executive officer of Prima Panama, the real estate consultancy, which also publishes Paradise, a magazine for North American retirees. His company also offers a travel-discount program, and in 10 months it issued 3,500 memberships.

"The inventory is not going to show up for another three to six years," McBride said.
Although few properties are complete, Panamanian, European and American developers continue their plans for posh skyscrapers in the city and luxury beachfront communities in the city's suburbs.

Friday, April 20, 2007

Viveros Island - the Pearl of the Pacific

Viveros Island is the Pearl of the Pacific, located 40 miles South East of Panama City at just fifteen minutes by airplane or in two hour if you enjoy sailing. Neighboring isles provide an always pleasant view, abundant tropical fruits, vegetation and amazing opportunities for bird watching and fishing.Grupo Viveros envisioned a secure and comfortable place for you to spend quality time along with you loved ones.

We have designed the most accommodating grounds balancing state of the art infrastructure with natural vegetation, lakes and beaches, preserving the natural environment from undesired changes.Come and see yourself the magic balance of an ideal climate, with temperatures ranging from 77°F (25°C) in winter to 82°F (28°C) in summer, and an average of 40 inches (86cm) of rainfall per year with no hurricane threats.We’ve searched the world looking for a “paradise” and we found it in Viveros Island. Explore our offering and make you choice. Visit us wherever you have a chance, we will be glade to guide you through, without no hustle and no pressure.

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Thursday, April 19, 2007

Pearl Islands New Project in Pedro Gonzales Island

Fuente: La Prensa - Bernardino Freire

PRESENTATION. Andrés Duany, founding partner of Latin DPZ America, explains the details of the plans of development of Pedro González island.

Eleta Group bets on the tourism and for it has contracted the services of the international company of architects Duany Plater - Zyberk & Company (DPZ) so it advises them in the elaboration the master plan development a tourist community in the Pedro González island, located in the archipelago of the Pearls.

In order to create a forum that promotes a dialogue opened between specialists in the tourist and urban subject and the community in general, the group has organized a series of planning sessions and workshops that began last Wednesday night with a presentation of Andrés Duany, DPZ partner and recognized as "the pioneer of the new urbanism". Duany gave details of how a city based on the principles is planned that turn to the communities inhabitable places: accessible to the pedestrians, connectivity, mixed, diverse and compact use, architecture and urban design of quality, traditional structure of district, appropriate transport, sustainability and quality of life.
In these workshops, the residents, designers, govt officials and representatives of environmental organizations and other tourist developers share their vision with respect to the plans for the tourist development in the Pedro González island.

"The group as a owner of one of the island in Pearl archipelago, have wanted to get involve in a serious way to the tourist development, therefore, in order to accomplish that goal have engaged in the task of looking for a company to advise us on how to make this development in a sustainable form, respecting the natural patrimony that we have as a country", said the executive director of Eleta Group,Guillermo Saint Malo Eleta.

Wednesday, April 18, 2007

Panama stays interested in negotiated solution about the banana import

The Panamanian minister of Commerce, Alejandro Ferrer, indicated that Panama is still interested in reaching a solution to the banana import conflict with the European Union through negotiations. Last week the country formalised its participation as a third country in the Ecuadorian WTO procedure, in which an arbitration panel will decide on a verdict on the European banana imports. However, it is questionable if WTO arbitration and negotiation can be paralleled at all, as the intervention of a dispute resolution commission of the WTO generally does polarize the positions of the different stakeholders.

Publication date: April 10 2007Author: Copyright:

Saturday, April 7, 2007

Q Tower - Punta Pacifica Building

Q TOWER is an Ocean front masterpiece, created specially for those individuals who look for luxury comfort, and exclusivity. With all of its units having astonishing views of the Pacific Ocean, high floor to ceiling height, and the best quality finishes will redefine your standard of living. Being located in Punta Pacifica, which is one of the prime neighborhoods in Panama, will let you enjoy a centric location having everything you need at walking distance.


  • Luxurious double height lobby
  • 65 stories high modern architectural Master Piece
  • 24 hr security box
  • Visitor parkings
  • High speed elevators
  • Service elevator
  • Total Emergency Power Supply
  • Closed Circuit for the building
  • Electronic access

Monday, April 2, 2007

Bocas del Toro Information

The archipelago of Bocas del Toro has remained a unique and unspoiled place, only recently having been discovered by international travelers. An early visitor, Christopher Columbus visited the islands on October 6, 1502 where he took refuge in the calm waters and gathered food from the islands for their voyage home.

Bocas del Toro is an outdoor lover’s paradise with unspoiled coral reefs, deep-sea fishing, boating, kayaking, snorkeling, surfing and white sandy deserted beaches and coves. The local people of the province are made up of mainly indigenous tribes and descendants of slaves from Jamaica, which contributes to Bocas' diverse and lively culture.

Locals and travelers alike travel leisurely between the islands in dugout canoes and kayaks. The islands each offer something different in terms of wildlife and bio-diversity. Sloths, monkeys, toucans, parrots, iguanas and tiny brightly colored poison dart frogs are just some of the islands' many inhabitants.

The islands offer the visitor a great diversity of attractions and natural environments, uncommon to other regions of our continent: luxurious rain forests with an abundance of fauna and flora, sunny islands, beaches that compete with the Caribbean best, coral reefs in crystal clear water, mangrove islets in a lake-like scenery, guaymi indian villages and a national marine park that protects examples of the ecosystems and natural resources coexisting within the Archipelago boundaries, as a tribute to our future generations.

Bahia Honda - Is a community located at heart of the bay of the same name, between the islands Bastimentos and Solarte, whose houses are distributed by the coast of both islands, not offering the typical image of the other communities. What we could consider like the central nucleus of the village, on the island Bastimentos, consists of a communal house, the primary school, the school's dinning room and a restaurant that offers to the visitors typical plates of the region.

The main occupations of their inhabitants are the fishing and the agriculture of subsistence, being the tourism an activity that has come increasing lately. In order to arrive at Bahia Honda, hire a boat in Bocas del Toro and after about 15 minutes of navigation it is arrived at the communitarian restaurant where the visitor make arrangements for a boat and a guide to visit the trail.

Bastimentos - This community has a population of more than 800 inhabitants, who live in 125 houses constructed with wood and zinc roof, or cement and zinc roof and very few of wood and ceiling of palm. It is populated in its majority by afrocaribbeans, with some foreigners who came to live here lately.

It is arrived at the community by sea and the more commont is the use of aquatic taxis (boats with outboard engine). In addition, many of the residents of this community count at least on boat with engine. There are not streets in Bastimentos: the ways are wide cement paths.

They have an health sub-center, an aqueduct, a primary school with 7 classrooms, 7 teachers and 145 students, and a police sub-station. They are connected to the electricity and telephone services that come from the Colon island by means of an underwater wire. There are also public phones in the town.

Megapolis, New Project of Decameron Group

Living in a hotel with the best view ocean, close to malls, casinos, restaurants, movies and much more, with the exclusive support of the Decameron Group.

OPTION A: Condo - Hotel
Apartment with the availability to rent while you are out of town. You can become a member by paying a one time investment membership of $10,000.00. This unit should assume the standard equipment cost.

Residence Services:
Room service including: Deaning (laundry, express check out, maid & errands)
Hotel facilities (swimming pool, bar, spa, restaurants, casino, mall)

LOCATION: Balboa Avenue
PRICE: FROM US$ 130,000.00

Additional Services:

  • Decameron Explorer Travel Agency Tour Desk with transfer service between the three hotels and the Airport, sale of excursion packages, sale of airline tickets, flight confirmation.
  • Hostess Services
  • Express check in and check out
  • Baby - sitter
  • Medical doctor
  • Laundry
  • Money exchange
  • Automobile and limo rental
  • Taxi cab station
  • Valet parking
  • Connection to the Majestic Casino, direct gateway to Multicentro, City's most modern shopping mall.

Hill Tower - Dos Mares, Panama

Located in Two Seas an excellent area thus putting to its fast reach supermarkets, pharmacies, schools, hospitals, parks, commerce,restaurants and much more, providing to its residents the comfort to have near all.

Apartaments of 1, 2 and 3 BedrromApartaments of 154, 168 y 207Mts2 Penthouse of 322, 336 and 427Mts2

This Beautiful Work Will have an Ample hungry RoomHill Tower offers to him: • Luxurious lobby with modern designs and details of wood and granito• Forward edge of battle area 24 hours • 2 Elevators of high speed for 15 people • Inner door of access to parking • electrical Planta • Tank of water reserve • System of electrical doorman • gas Installation central.• open Terrace put a roof on for meetings with bar• Ample dance hall with bar and cocineta for its events • social Area with swimming pool and garden on earth • Area of gymnasium.• Prepared for a conección to Internet Just by 2 apartments by floor, where it will find ample spaces.

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