Saturday, July 5, 2008
Ocean views at unbeatable prices
Situated in the up and coming area of Parque Lefevre, this project offers investors excellent value in a great location. Parque Lefevre is located between San Francisco and Panama Viejo, site of the 16th century historic ruins of the old Panama City. Property values are rising in this neighbourhood but will most definitely continue to go up. Supermarkets, pharmacies, dry cleaners, even a top notch shopping mall are all just a quick 10 minute drive away.
The Prisma condominium will be 14 stories high and offers 3 apartment models ranging from 61 to 87 sqm. The building will have restricted access with 24/7 security. All apartments have balconies and enjoy a view over the Pacific Ocean or the City of Panama. The 61 sqm apartment model offers 2 bedrooms and 1 bathroom and the 67 sqm apartment model offers 2 bedrooms and 2 bathrooms. The 87 sqm apartment will offer 3 bedrooms and 2 bathrooms. All models have a living room, dining room, kitchen and laundry area. The social area boasts a swimming pool, events room, gym, children's playground and barbeque. All apartments come with one parking spot.
Key Investment Points:
- Minutes from downtown Panama City
- High resale value and demand due to low density of single-home units
- Investor-friendly landholding corporation regime and 15-year property tax regime
- 15 minute drive from commuter airport and Panama's largest shopping mall
- New construction
- Financing up to 70% possible
Two Bedrooms 61m² to 67m² 50,966 to 60,000
Three Bedrooms 87m² to 87m² 70,000 to 80,000
EXPECTED RENTAL INCOME UP TO: 9.00%
Consult with your real estate agent. Prices, expected rental income and layout are subject to changes.