Sunday, March 2, 2008

Excellent investment in up and coming area

Already experiencing incredible growth, residential developments in Condado del Ray are an excellent investment: this unique project is nestled into 56 hectares of land with stunning views of the former Canal Zone, Panama City, the bridge of the Americas, ports of the Canal and the Metropolitan Park. An up and coming area, it is situated near Ricardo Alfaro Avenue and replicate (on a smaller scale) the well known Punta Pacifica development. The twin tower closed residential complex is designed to provide maximum protection for its residents, with a peripheral wall, controlled gated access with 24 hour security to both residences and parking, 4 high-speed elevators, a reserve water tank and an electrical plant for emergencies. 

The investor may choose from five 2 or 3 bedroom floor plans ranging from 80 to 130 sqm, with welcoming foyers, comfortable living rooms, separate dining rooms, separate quarters for household help, laundry areas, kitchen with breakfast area and terraces with gorgeous views. Each master bedroom suite offers a private bathroom and walk-in closet. In addition to the amenities of each tower, the project will include a spectacular Clubhouse with reception hall, bar, gazebos with barbecues, children's game areas, a jogging track, swimming pool, Jacuzzi, fully-equipped gymnasium, sauna, and basketball and football field.

A commercial complex will be built just in front of the main road access offering a grocery and video store within walking distance from your home. The condominiums will be built just behind the commercial complex, separated from it by guest parking and one hectare of green areas. Just 15 minutes away you'll find Metropolitan Park and Gatun Lake. Take a stroll through the park, catch some fish at the lake and return to your city home all within a few short hours.

Key selling points and investment justifications
  • Halfway between Panama Canal rainforest preserve and downtown Panama City
  • High resale value in an up and coming neighborhood
  • Investor-friendly landholding corporation regime and 15-year property tax regime
  • 5 minute drive from commuter airport and Panama's largest shopping mall
  • New constuction
  • 15-year property tax exemption 
  • Financing up to 70% possible

Price and Size Range:  EUR 60,900 - 114,195   Size Range: 80 - 130 m²

Consult with your real estate agent.