SPECIAL REPORT for Learn about Panama Subscribers
Panama's Caribbean Shores are HOT with Potential as
NEW 'Gold Coast' Project is Unveiled
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This NEW project includes two 10 story buildings with Studio, Two or Three-Bedrooms and Lofts starting at just $67,500!
Panama's Caribbean Coast is less than two hours drive from Panama City and has a number of attractions including: historical sites, lovely Caribbean beaches, world class birding, the largest Free Trade Zone in the Americas, and a new cruise port. Discover the picturesque sea side town of Portobello with it's restored treasure house and fascinating historical ruins of four Spanish Colonial Forts. Nearby the ruins of Fort San Lorenzo lie on a promontory overlooking the mouth of the Chagres River.
Residential options in this area have been hard to come by as development has tended to focus on the Pacific coast and Panama City itself. Well that's about to change as this highly anticipated project is about to break ground!
This beach condominium resort development, located between Portobello and Colon, includes two 10 story beach side towers with spectacular views of the Caribbean Sea. Investors will enjoy first rate amenities and a complete property management service should they wish to take advantage of the accommodation shortage in this pristine area by turning their unit into a rental property.
Here are just a few Key Growth Indicators which will impact this new development:
New International Merchandise Mall in Colóns
Earlier this year, it was announced that the Atlantic town of Colón would be the site of Panama's first wholesale merchandise mall, dubbed Panama International Merchandise Mart (PIMM). Now, developers of the billion-dollar project say the money is rolling in and discussions with the World Bank may result in a $50 million loan.Panamanians Support Canal Expansion
Voters in Panama have overwhelmingly approved an ambitious project to expand the country's famous shipping canal. The upgrade to the Panama Canal is expected to double its capacity. In a nationwide referendum, people voted by a margin of four to one to back the $5.2bn plan, which involves building a new channel and new locks. Many modern container ships are too large for the 50-mile (80km) canal linking the Pacific and Atlantic. Work on the expansion plan is due to start in 2008 and be completed in 2014. Panamanian authorities say it will generate thousands of jobs centering on the Colon area.
Portobelo To Become an 'Historical Tourism Area'
The Panamanian government is currently developing a plan to enhance tourism in the greater Portobelo Bay area. This includes restoring the Fort and adjacent buildings, all aimed at preserving and showcasing this important historical area for future tourism growth.
The Beach Resort sits approximately 25 minutes from both Colon and Portobelo, the perfect position to benefit from growth in both areas. It includes two 10 story towers with studio, one, two & three-bedroom condos with construction scheduled to begin in August of this year. Units range in size from 45 – 190 square meters (approx. 500 - 2,000 sq. ft.)
Get in on these while they last… not only is it one of the first this promises to be one of the most luxurious and exclusive in the area.
Click Here For more information on this exciting Opportunity
P.S. Panama has it all!, Come see if it's right for you on our Pathway to Panama Real Estate Tour, We’ll explore Panama City, the beautiful beaches, Bocas del Toro and the Chiriqui Highlands… PLUS our exclusive, Panama Investment Strategies Seminar is included!…
Click Here for more Information and to Register for the next Pathway to Panama Real Estate Tour.
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