Costa del Este is Panama's first pre-planned community just 15 minutes from Tocumen International Airport and 8 minutes from downtown Panama City. It is the hub for multinational companies with special government zoning attracting companies from all over the world including Adidas, Huawei, Nestle, Estee Lauder to name a few. It is one of the most high-end areas of the city.
There are projects worth considering:
- Arcadia - Has the licence for short term rentals Prices from $290,000 - Completed in 2024 fully furnished with on site property management. ROI of approx 7-8%.
- Generation Tower - Pre-construction project - will operate as a condo/hotel. Prices from $210,000. Delivered fully furnished. Lower floors allocated to Independent Living. ROI of approx 8-10%.
We also have 2 brand new and exciting projects in Downtown Panama City right on the booming street Avenida Balboa. The Seaside project is the best priced project in the downtown area.
- Seaside House - Pre-construction project in the heart of downtown Panama city- Prices from $234,000. 1 and 2 bedroom units between 56-64m2. Project set to be completed in approx 2 years. This project will boast very modern architecture and some unique amenities. . ROI of approx 7-8%.
- Uptown - Pre-construction multi-use project located in the city center of Panama. The only high-density residential project that will be situated in the new urban revitalization area of Calle Uruguay. Will also include condo hotel units with Airbnb License for short-term rentals. Prices from $302,000 with ROI of approx 8-11%.
For beachfront, these projects have excellent proven rentability and short term rentals are allowed as the 45 min day rule of the city does not apply:
- Casa Bonita- Absolute beachfront 15 mins from Panama city - Prices from $275,000 cash promo for 1 bed 2 bath units. There are also some 2 and 3 bed options available.
- Westin Residences- to launch in the next few months
In Boquete the main mountain community, there is also this project-
- Pinoalto - Peaceful mountain living 10 minutes from Boquete in the Boquete Country Club. 2 and 3 bedrooms floor plans with prices from $351K delivered fully furnished. Developer financing with just 15-30% down.
