Generation Tower

It is a pre-construction project with a unique and innovative concept in the most premium location in Panama, Costa del Este, just steps away from Town Center Mall. The property will run as a Condo Hotel for short or long-term stays as well as offer a unique Independent Living section in the building. Generation Tower is an ideal place for tourists, executives, conferences and people looking for a permanent residence with all the luxuries of a hotel!

It is an attractive project for investment for the following reasons:

• Only one of 2 condo projects in CDE other than Arcadia with a license to do short-term rentals. The 45 day min stay law for Panama City will not apply
• Completion date approximately end of 2026
• 43, 53, 58 and 65 m2 units
• Least expensive project in Costa del Este
• Onsite property management by BE details attached. BE is owned by Empresas Bern also the owners of Panama Largest Hotel Group https://bernhotelspanama.com/home/
• Long term rentals in the Parkside building with the smallest apartments completed in CDE targeting the multinational companies rent for $2200-2500 per month with long-term. leases.  Long term in GT should be around $1500 per month. Solid ROI with long term rentals. Short term rentals expect ROI 8-10%. 
• There are currently approximately 20,000 workers from Multinational companies in CDE
• Across the street from Towncenter Mall . It is the the new heart of Costa Del Este. Cinemas, mall, restaurant hub, John Hopkins affiliated hospital, offices and medical offices.
• The apartments come fully furnished.
• Ocean views

Floors 6 through 11 in the building have also been designated for Independent Living with apartments from 43 msq and prices from $210,000.

These floors will be wheelchair accessible, include a nurses station, their own social areas and also access to all the social areas in the building along with the all of the activities and services of the hotel-style project including room service for meals.

The payment plan is 40% down in construction. 15% at the signing of the contract, 10% in 12 months, 10% in 24 months , 5% in 36 months and the balance upon delivery.

Developer financing is also available with 50% down. The balance of 50% can be financed by the developer for 5 years once the project is completed.

The developer financing works as follows-

For example on a sale price of $240,000

40% in construction- $96,000 
Balance in 5 years
Monthly interest payment approx $ 960 ( based on interest rate approx 8%)

Small annual Principal reduction 5% of the balance ie. $7200 per year
Balloon payment after 5 years
No pre payment penalty
No pre approval process

To reserve an apartment the process is very simple. All we need is a copy of your passport and the refundable reservation fee is $5000 which can be charged to your credit card. 

BROCHURE