Panama savings bank sells off properties

The Caja de Ahorros is a government savings and loan bank. This August 11, 2008, the bank will be holding an auction of properties mostly located in Panama City. Unlike another government-owned bank, most have potential for eventual rental to the local market or for developing tourism projects.



Among the properties being auctioned are:

135 m2 / 1454 ft2 Condo in Pelican Bay, 2nd floor, San Francisco section of Panama City, offered at US$112.262

49.1 m2 / 528 ft2 Condo in Plaza Madrid, 7th floor, San Francisco section of Panama City, offered at US$31,247

230.14 m2 / 2476 ft2 Single-family home in 72nd Street, San Francisco section of Panama City, offered at US$216,558 (!!)

Each property is sold "as is" to both foreign and local bidders alike. The last day to receive offers is August 11, 2008 at 9 AM.

For more information on how to bid for these properties, email properties @slampanama.com

Panama bank holds property May sale

The National Bank of Panama is the equivalent of a central bank that does not issue currency. It also lends money to property buyers on a regular basis and has a portfolio of repossessed properties.

This April 15, 2008, the bank will be holding an auction of properties located in Panama City, Santiago, Changuinola, Herrera and Chiriquí province. While most of the properties are not the usual "choice" homes offered to foreign buyers, some have potential for eventual rental to the local market or for developing tourism
projects. Among the properties being auctioned are:

394.11 m² = 4242.164 ft² Home in San Antonio, suburban Panama City, offered at US$53,000

3.703 hectares = 9.15031 acres Land in Villa Rosario, close to Capira, Panama province, offered at US$19,500

49.1697 hectares = 121.500 acres Land in Cerro El Viejo, Las Minas, Herrera province, offered at US$35,000

15.0512 hectares = 37.1923 acre Land in Cerro Azul, Panama province, offered at US$65,000

20.0159 hectares = 49.4603 acre Land in Cerro Azul, Panama province, offered at US$84,500

Bidders must provide a refundable check for 5% of the price they are willing to pay. The offeror of the highest bid must pay in cash or have secured financing in order to be awarded the property. Each property is sold "as is" to qualifying bidders. The last day to receive offers is May 15, 2008 at 2PM hand-delivered at the offices of the Bank.

For more information on how to bid for these properties, email properties @slampanama.com

Panama bank holds property fire sale

The National Bank of Panama is the equivalent of
a central bank that does not issue currency. It
also lends money to property buyers on a regular
basis and has a portfolio of repossessed properties.

This April 15, 2008, the bank will be holding an
auction of properties located in Panama City,
Santiago, Changuinola, Coclé and Chiriquí
province. While most of the properties are not
the usual "choice" homes offered to foreign
buyers, some have potential for eventual rental
to the local market or for developing tourism
projects. Among the properties being auctioned are:

60 m2 / 645 ft2 Condo in Las Orquideas building,
2nd floor, Parque Lefevre section of Panama City, offered at US$41,500

289.25 m2 / 3113 ft2 Home in Altos de Cerro
Viento, suburban Panama City, offered at US$99,700

15 hectares / 37 acres Land in La Loma del
Roble, Aguadulce, Cocle, offered at US$36,500

3673.18 m2 / 39538.1 ft2 Cabins and Land in
Renacimiento, Western Chiriqui, offered at US$106,000

Bidders must provide a refundable check for 5%
of the price they are willing to pay. The
offeror of the highest bid must pay in cash or
have secured financing in order to be awarded the
property. Each property is sold "as is" to both
foreign and local bidders alike. The last day
to receive offers is April 15, 2008 at 2PM.

For more information on how to bid for these
properties, email properties @slampanama.com

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Each floor has 1670 sq mts and its subdivided into 11 offices, each one with a bathroom.

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Automatic fire sprinklers in all floors

Heliport

Access to fiber optic ring

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Bathrooms: 1, Surface: From 86 m2
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