PANAMA
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Goldberg & Partners Global Real Estate is operating around the world offering you the finest selection of New Construction & Resale Real Estate
Goldberg & Partners Global Real Estate LLC
Edificio Puchol 13, Camino Vell de la Mar 40, Javea, 03730, Alicante, Spain
Telephone: (0034) 966 462 362 / (0034) 647 273 007
Email : info@goldbergglobal.com
Bay Lofts at the Trump Ocean Club
Only 32 exclusive units in the Bay Lofts (only 3 units at discounted price of $360,000).
With an investment reckoned around $ 220 million dollars, The Trump Organization will built the new Bay Lofts at the Trump Ocean Club, International Hotel & Tower – Panama, an icon project that will be inaugurated by the end of 2009.
Bay Lofts at the Trump Ocean Club International Hotel & Tower, located in the Peninsula of Pacific Point, has the privilege and the exclusiveness of multiple use and of the Club of Yacht & Pier.
In this strategic and exclusive place of Panama City, this great residential, tourist complex and business centre is built, in a land of 14,000 mts2 (150,695 sq ft.), that will be at the same level of the icons constructions of the most important cities all over the world.
A privileged place with direct, fast, and easy access to the most important points of Panama, in just 10 minutes of the International Banking Centre, 3 minutes of the better shopping Centres of the city, 2 minutes of the new Hospital John Hopkins and 15 minutes of the Tocumen International Airport.
Development Information:
Trump Ocean Club PANAMA International Hotel & Tower, will be an insignia place in Latin America. It will be placed as the number one investment alternative of business, for nationals and foreigners.
DETAILS & SPECIFICATIONS
PROJECT: Trump Ocean Club International Hotel & Tower.
INVESTMENT: 220 million dollars.
HEIGHT: 62-Stories
LOCATION: Pacific Point, Panama City
10 minutes from financial centre , 3 minutes from international mall , 15 minutes from the airport , Investment in a tax haven , 10% deposit & further 10% at contract stage , Excellent projected returns , Ground breaking has already happened , Completion date in late 2009 , Area of exponential growth , Newbuild , All money transferred to HSBC escrow account for investor security , Amenities second to none , $220 million investment , Located in the Peninsula of Pacific Point , Exclusiveness of multiple use and of the Club of Yacht & Pier
AMENITIES:
65 Story Building
Condos - 1,2 and 3 bedroom units
Exclusive Bay Loft units with private entrance, concierge and elevators
Condo Hotel - Studios and 1 bedroom units (Fully furnished)
8,069 sq foot Wellness Spa featuring, messgage rooms, aquatic areas, cascading baths, yoga in stress free environment.
Pool Deck
Boutiques & Shops
Gourmet Plaza
Yacht Club & Pier
Business Centre
International Casino with blackjack, poker, slot machines, roulette, nightly shows and much more
8 to 10 Restaurants
Private Yacht Charter
Yacht Pier with Refuelling facility
Jet Ski rentals
Private Fishing Chatter
Private Beach Club with bars, beach, and privacy pools on Contadora Island
(10 to 25K Mandatory one time Membership fee)
Airport shuttle even VIP Limos
Golf course Shuttles and possible discount on membership fees
9 1/2 foot high ceilings
Washer and dryer in all condo units
Condo hotel units will be fully furnished up to 5 star standards.
Stainless steel appliances in every condo unit
All units will have water views
Grocery delivery services
Shuttle to Shopping malls
Wi-Fi internet connection with height tech concierge service system
4,400 sq foot State of the art technology business centre
Private elevator access, concierge and entrance for Bay Loft residents/tenants
30% growth in the last 6 months (latest update)!!
In the 1st stage of its property boom!!
All units with sea view and fully furnished 5* luxury!
Completion Jan 2010
30% deposit stage payments spread over 2 years.
70% finance on completion
Most exclusive resort in Panama with its own Private beach and Marina!!
Short, Mid and Long-Term rentals available through the in house management company.
The exclusivity of these units will ensure that occupancies are high
Panama is a tax free zone, no income or capital gains tax!
Prices start at $360,000 for the exclusive 717 sq ft Bay Loft apartments which can be rented out by the in house management
DEVELOPERS:
The Trump Organization
K Group
CONSTRUCTION COMPANY:
Arias Serna y Saravia
START OF CONSTRUCTION :
Already underway, groundbreaking happened 2 months ago
TO BE READY:
End of 2009
TIMELINE AND DEPOSITS:
$20,000 refundable deposit (deposit is refundable until the contract is signed by the buyer)
Upon the return of the contract a balance of the 1st - 20% is due minus the $20,000 deposit (20% now due to groundbreaking now underway)
Early 2008 - 5% deposit
When construction reaches the top of the building an additional 5% deposit will be owed.
Late 2009 - Early 2010 Construction is set to be completed with a balance of 70% due at closing.
Bay Lofts at the Trump Ocean Club Panama Reservation Information
All reservation deposits are refundable in accordance with the terms and conditions provided in the FINAL DEVELOPER'S Purchase Contract
SOME FACTS ON PANAMA
Background: Explored and settled by the Spanish in the 16th century, Panama broke with Spain in 1821 and joined a union of Colombia, Ecuador, and Venezuela - named the Republic of Gran Colombia. When the latter dissolved in 1830, Panama remained part of Colombia. With US backing, Panama seceded from Colombia in 1903 and promptly signed a treaty with the US allowing for the construction of a canal and US sovereignty over a strip of land on either side of the structure (the Panama Canal Zone). The Panama Canal was built by the US Army Corps of Engineers between 1904 and 1914. In 1977, an agreement was signed for the complete transfer of the Canal from the US to Panama by the end of the century. Certain portions of the Zone and increasing responsibility over the Canal were turned over in the subsequent decades. With US help, dictator Manuel NORIEGA was deposed in 1989. The entire Panama Canal, the area supporting the Canal, and remaining US military bases were transferred to Panama by the end of 1999. In October 2006, Panamanians approved an ambitious plan to expand the Canal. The project, which began in 2007 and could double the Canal's capacity, is expected to be completed in 2014-15.
Geography Panama
Location: Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica
Geographic coordinates:
9 00 N, 80 00 W
Map references:
Central America and the Caribbean
Area:
total: 78,200 sq km
land: 75,990 sq km
water: 2,210 sq km
Area - comparative:
slightly smaller than South Carolina
Land boundaries:
total: 555 km
border countries: Colombia 225 km, Costa Rica 330 km
Coastline:
2,490 km
Maritime claims:
territorial sea: 12 nm
contiguous zone: 24 nm
exclusive economic zone: 200 nm or edge of continental margin
Climate:
tropical maritime; hot, humid, cloudy; prolonged rainy season (May to January), short dry season (January to May)
Terrain:
interior mostly steep, rugged mountains and dissected, upland plains; coastal areas largely plains and rolling hills
Elevation extremes:
lowest point: Pacific Ocean 0 m
highest point: Volcan Baru 3,475 m
Natural resources:
copper, mahogany forests, shrimp, hydropower
Land use:
arable land: 7.26%
permanent crops: 1.95%
other: 90.79% (2005)
Irrigated land:
430 sq km (2003)
Total renewable water resources:
148 cu km (2000)
Freshwater withdrawal (domestic/industrial/agricultural):
total: 0.82 cu km/yr (67%/5%/28%)
per capita: 254 cu m/yr (2000)
Natural hazards:
occasional severe storms and forest fires in the Darien area
Environment - current issues:
water pollution from agricultural runoff threatens fishery resources; deforestation of tropical rain forest; land degradation and soil erosion threatens siltation of Panama Canal; air pollution in urban areas; mining threatens natural resources
Environment - international agreements:
party to: Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands, Whaling
signed, but not ratified: Marine Life Conservation
Geography - note:
strategic location on eastern end of isthmus forming land bridge connecting North and South America; controls Panama Canal that links North Atlantic Ocean via Caribbean Sea with North Pacific Ocean
People Panama Top of Page
Population:
3,309,679 (July 2008 est.)
Age structure:
0-14 years: 29.6% (male 499,254/female 479,242)
15-64 years: 63.8% (male 1,066,915/female 1,043,499)
65 years and over: 6.7% (male 102,937/female 117,832) (2008 est.)
Median age:
total: 26.7 years
male: 26.3 years
female: 27.1 years (2008 est.)
Population growth rate:
1.544% (2008 est.)
Birth rate:
20.68 births/1,000 population (2008 est.)
Death rate:
4.71 deaths/1,000 population (2008 est.)
Net migration rate:
-0.53 migrant(s)/1,000 population (2008 est.)
Sex ratio:
at birth: 1.04 male(s)/female
under 15 years: 1.04 male(s)/female
15-64 years: 1.02 male(s)/female
65 years and over: 0.87 male(s)/female
total population: 1.02 male(s)/female (2008 est.)
Infant mortality rate:
total: 13.4 deaths/1,000 live births
male: 14.35 deaths/1,000 live births
female: 12.42 deaths/1,000 live births (2008 est.)
Life expectancy at birth:
total population: 76.88 years
male: 74.08 years
female: 79.81 years (2008 est.)
Total fertility rate:
2.57 children born/woman (2008 est.)
HIV/AIDS - adult prevalence rate:
0.9% (2003 est.)
HIV/AIDS - people living with HIV/AIDS:
16,000 (2003 est.)
HIV/AIDS - deaths:
fewer than 500 (2003 est.)
Major infectious diseases:
degree of risk: intermediate
food or waterborne diseases: bacterial diarrhea and hepatitis A
vectorborne disease: dengue fever and malaria
water contact disease: leptospirosis (2008)
Nationality:
noun: Panamanian(s)
adjective: Panamanian
Ethnic groups:
mestizo (mixed Amerindian and white) 70%, Amerindian and mixed (West Indian) 14%, white 10%, Amerindian 6%
Religions:
Roman Catholic 85%, Protestant 15%
Languages:
Spanish (official), English 14%; note - many Panamanians bilingual
Literacy:
definition: age 15 and over can read and write
total population: 91.9%
male: 92.5%
female: 91.2% (2000 census)
School life expectancy (primary to tertiary education):
total: 13 years
male: 13 years
female: 14 years (2006)
Education expenditures:
3.8% of GDP (2004)
Government Panama Top of Page
Country name:
conventional long form: Republic of Panama
conventional short form: Panama
local long form: Republica de Panama
local short form: Panama
Government type:
constitutional democracy
Capital:
name: Panama
geographic coordinates: 8 58 N, 79 32 W
time difference: UTC-5 (same time as Washington, DC during Standard Time)
Administrative divisions:
11 provinces (provincias, singular - provincia) and 1 territory* (comarca); Bocas del Toro, Comarca Kuna Yala, Comarca Ngobe-Bugle, Chiriqui, Cocle, Colon, Darien, Herrera, Los Santos, Panama, San Blas*(Kuna Yala), and Veraguas
Independence:
3 November 1903 (from Colombia; became independent from Spain 28 November 1821)
National holiday:
Independence Day, 3 November (1903)
Constitution:
11 October 1972; major reforms adopted 1978, 1983, 1994, and 2004
Legal system:
based on civil law system; judicial review of legislative acts in the Supreme Court of Justice; accepts compulsory ICJ jurisdiction with reservations
Suffrage:
18 years of age; universal and compulsory
Executive branch:
chief of state: President Martin TORRIJOS Espino (since 1 September 2004); First Vice President Samuel LEWIS Navarro (since 1 September 2004); Second Vice President Ruben AROSEMENA Valdes (since 1 September 2004); note - the president is both the chief of state and head of government
head of government: President Martin TORRIJOS Espino (since 1 September 2004); First Vice President Samuel LEWIS Navarro (since 1 September 2004); Second Vice President Ruben AROSEMENA Valdes (since 1 September 2004)
cabinet: Cabinet appointed by the president
elections: president and vice presidents elected on the same ticket by popular vote for five-year terms (not eligible for immediate reelection; president and vice presidents must sit out two additional terms (10 years) before becoming eligible for reelection); election last held 2 May 2004 (next to be held on 3 May 2009); note - beginning in 2009, Panama will have only one vice president
election results: Martin TORRIJOS Espino elected president; percent of vote - Martin TORRIJOS Espino 47.5%, Guillermo ENDARA Galimany 30.6%, Jose Miguel ALEMAN 17%, Ricardo MARTINELLI 4.9%
note: government coalition - PRD (Democratic Revolutionary Party), PP (Popular Party)
Legislative branch:
unicameral National Assembly or Asamblea Nacional (78 seats; members are elected by popular vote to serve five-year terms); note - in 2009, the number of seats will change to 71
elections: last held 2 May 2004 (next to be held 3 May 2009)
election results: percent of vote by party - NA; seats by party - PRD 41, PA 17, PS 9, MOLIRENA 4, CD 3, PLN 3, PP 1
note: legislators from outlying rural districts are chosen on a plurality basis while districts located in more populous towns and cities elect multiple legislators by means of a proportion-based formula
Judicial branch:
Supreme Court of Justice or Corte Suprema de Justicia (nine judges appointed for 10-year terms); five superior courts; three courts of appeal
Political parties and leaders:
Democratic Change or CD [Ricardo MARTINELLI]; Democratic Revolutionary Party or PRD [Hugo GUIRAUD]; Nationalist Republican Liberal Movement or MOLIRENA [Gisela CHUNG]; Panamenista Party or PA [Juan Carlos VARELA] (formerly the Arnulfista Party); Patriotic Union Party or PU (combination of the Liberal National Party or PLN and the Solidarity Party or PS)[Jose Raul MULINO and Anibal GALINDO]; Popular Party or PP [Rene ORILLAC] (formerly Christian Democratic Party or PDC)
Political pressure groups and leaders:
Chamber of Commerce; National Civic Crusade; National Council of Organized Workers or CONATO; National Council of Private Enterprise or CONEP; National Union of Construction and Similar Workers (SUNTRACS); Panamanian Association of Business Executives or APEDE; Panamanian Industrialists Society or SIP; Workers Confederation of the Republic of Panama or CTRP
International organization participation:
BCIE, CAN (observer), CSN (observer), FAO, G-77, IADB, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, LAES, LAIA (observer), MIGA, NAM, OAS, OPANAL, OPCW, PCA, RG, UN, UN Security Council (temporary), UNCTAD, UNESCO, UNIDO, Union Latina, UNWTO, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
Diplomatic representation in the US:
chief of mission: Ambassador Federico HUMBERT Arias
chancery: 2862 McGill Terrace NW, Washington, DC 20008
telephone: [1] (202) 483-1407
FAX: [1] (202) 483-8416
consulate(s) general: Atlanta, Honolulu, Houston, Miami, New Orleans, New York, Philadelphia, San Diego, San Francisco, San Juan (Puerto Rico), Tampa
Diplomatic representation from the US:
chief of mission: Ambassador William A. EATON
embassy: Edificio 783, Avenida Demetrio Basilio Lakas Panama, Apartado Postal 0816-02561, Zona 5, Panama City
mailing address: American Embassy Panama, Unit 0945, APO AA 34002
telephone: [507] 207-7000
FAX: [507] 317-5568
Flag description:
divided into four, equal rectangles; the top quadrants are white (hoist side) with a blue five-pointed star in the center and plain red; the bottom quadrants are plain blue (hoist side) and white with a red five-pointed star in the center
Economy Panama Top of Page
Economy - overview:
Panama's dollarized economy rests primarily on a well-developed services sector that accounts for two-thirds of GDP. Services include operating the Panama Canal, banking, the Colon Free Zone, insurance, container ports, flagship registry, and tourism. Economic growth will be bolstered by the Panama Canal expansion project that began in 2007 and should be completed by 2014 at a cost of $5.3 billion (about 30% of current GDP). The expansion project will more than double the Canal's capacity, enabling it to accommodate ships that are now too large to transverse the transoceanic crossway and should help to reduce the high unemployment rate. The government has implemented tax reforms, as well as social security reforms, and backs regional trade agreements and development of tourism. Not a CAFTA signatory, Panama in December 2006 independently negotiated a free trade agreement with the US, which, when implemented, will help promote the country's economic growth.
GDP (purchasing power parity):
$34.81 billion (2007 est.)
GDP (official exchange rate):
$19.74 billion (2007 est.)
GDP - real growth rate:
11.2% (2007 est.)
GDP - per capita (PPP):
$10,700 (2007 est.)
GDP - composition by sector:
agriculture: 6.6%
industry: 16.4%
services: 77% (2007 est.)
Labor force:
1.362 million
note: shortage of skilled labor, but an oversupply of unskilled labor (2007 est.)
Labor force - by occupation:
agriculture: 15%
industry: 18%
services: 67% (2006)
Unemployment rate:
6.4% (2007 est.)
Household income or consumption by percentage share:
lowest 10%: 0.7%
highest 10%: 43% (2003)
Distribution of family income - Gini index:
56.1 (2003)
Investment (gross fixed):
20.2% of GDP (2007 est.)
Budget:
revenues: $5.505 billion
expenditures: $4.822 billion (2007 est.)
Public debt:
53% of GDP (2007 est.)
Inflation rate (consumer prices):
4.2% (2007 est.)
Commercial bank prime lending rate:
8.25% (31 December 2007)
Stock of money:
$3.054 billion (31 December 2007)
Stock of quasi money:
$14.26 billion (31 December 2007)
Stock of domestic credit:
$17.4 billion (31 December 2007)
Agriculture - products:
bananas, rice, corn, coffee, sugarcane, vegetables; livestock; shrimp
Industries:
construction, brewing, cement and other construction materials, sugar milling
Industrial production growth rate:
10.5% (2007 est.)
Electricity - production:
5.805 billion kWh (2006 est.)
Electricity - consumption:
4.768 billion kWh (2006 est.)
Electricity - exports:
124.9 million kWh (2007 est.)
Electricity - imports:
8.74 million kWh (2007 est.)
Oil - production:
0 bbl/day (2007 est.)
Oil - consumption:
92,790 bbl/day (2006 est.)
Oil - exports:
4,447 bbl/day (2005)
Oil - imports:
88,790 bbl/day (2005)
Oil - proved reserves:
0 bbl (1 January 2006 est.)
Natural gas - production:
0 cu m (2007 est.)
Natural gas - consumption:
0 cu m (2007 est.)
Natural gas - exports:
0 cu m (2007 est.)
Natural gas - imports:
0 cu m (2007 est.)
Natural gas - proved reserves:
0 cu m (1 January 2006 est.)
Current account balance:
-$1.577 billion (2007 est.)
Exports:
$9.312 billion f.o.b.; note - includes the Colon Free Zone (2007 est.)
Exports - commodities:
bananas, shrimp, sugar, coffee, clothing
Exports - partners:
US 35.6%, Netherlands 10.2%, China 6%, Sweden 5.5%, UK 5.4%, Costa Rica 5.1%, Spain 5% (2007)
Imports:
$12.62 billion f.o.b.
note: includes the Colon Free Zone (2007 est.)
Imports - commodities:
capital goods, foodstuffs, consumer goods, chemicals
Imports - partners:
US 32.8%, Netherlands Antilles 7.6%, China 5.6%, Japan 5.1%, Costa Rica 5.1%, South Korea 4.1% (2007)
Reserves of foreign exchange and gold:
$1.935 billion (31 December 2007 est.)
Debt - external:
$10.45 billion (31 December 2007 est.)
Stock of direct foreign investment - at home:
$NA
Stock of direct foreign investment - abroad:
$NA
Market value of publicly traded shares:
$5.074 billion (2005)
Currency (code):
balboa (PAB); US dollar (USD)
Exchange rates:
balboas (PAB) per US dollar - 1 (2007), 1 (2006), 1 (2005), 1 (2004), 1 (2003)
Communications Panama Top of Page
Telephones - main lines in use:
491,900 (2007)
Telephones - mobile cellular:
2.392 million (2007)
Telephone system:
general assessment: domestic and international facilities well developed
domestic: combined fixed-line and mobile-cellular teledensity is approaching 90 per 100 persons
international: country code - 507; landing point for the Americas Region Caribbean Ring System (ARCOS-1), the MAYA-1, and PAN-AM submarine cable systems that together provide links to the US and parts of the Caribbean, Central America, and South America; satellite earth stations - 2 Intelsat (Atlantic Ocean); connected to the Central American Microwave System (2007)
Radio broadcast stations:
AM 101, FM 134, shortwave 0 (1998)
Television broadcast stations:
38 (including repeaters) (1998)
Internet country code:
.pa
Internet hosts:
7,858 (2008)
Internet users:
525,200 (2007)
Transportation Panama Top of Page
Airports:
116 (2007)
Airports - with paved runways:
total: 54
over 3,047 m: 1
2,438 to 3,047 m: 1
1,524 to 2,437 m: 5
914 to 1,523 m: 18
under 914 m: 29 (2007)
Airports - with unpaved runways:
total: 62
1,524 to 2,437 m: 1
914 to 1,523 m: 11
under 914 m: 50 (2007)
Heliports:
2 (2007)
Railways:
total: 355 km
standard gauge: 77 km 1.435-m gauge
narrow gauge: 278 km 0.914-m gauge (2006)
Roadways:
total: 11,978 km
paved: 4,300 km
unpaved: 7,343 km (2002)
Waterways:
800 km (includes 82 km Panama Canal) (2007)
Merchant marine:
total: 6,323
by type: barge carrier 2, bulk carrier 2,143, cargo 1,208, carrier 13, chemical tanker 565, combination ore/oil 6, container 790, liquefied gas 189, passenger 44, passenger/cargo 71, petroleum tanker 557, refrigerated cargo 265, roll on/roll off 128, specialized tanker 29, vehicle carrier 313
foreign-owned: 5,394 (Albania 2, Argentina 8, Australia 4, Azerbaijan 1, Bahamas 9, Bangladesh 2, Belgium 2, British Virgin Islands 1, Bulgaria 3, Burma 1, Canada 18, Chile 12, China 532, Colombia 4, Croatia 3, Cuba 10, Cyprus 19, Denmark 40, Dominican Republic 1, Ecuador 4, Egypt 17, Estonia 5, Finland 2, France 5, Gabon 1, Germany 44, Gibraltar 1, Greece 510, Hong Kong 130, India 27, Indonesia 31, Iran 7, Israel 3, Italy 28, Japan 2,335, Jordan 13, North Korea 1, South Korea 303, Kuwait 2, Latvia 8, Lebanon 5, Lithuania 7, Malaysia 12, Maldives 1, Malta 3, Mexico 2, Monaco 16, Netherlands 14, Nigeria 10, Norway 89, Oman 2, Pakistan 9, Peru 16, Philippines 7, Poland 11, Portugal 9, Qatar 1, Romania 7, Russia 18, Saudi Arabia 16, Singapore 100, Spain 50, Sri Lanka 1, Sweden 6, Switzerland 25, Syria 32, Taiwan 320, Thailand 10, Tunisia 1, Turkey 94, Turks and Caicos Islands 1, Ukraine 10, UAE 109, UK 59, US 126, Venezuela 10, Vietnam 30, Yemen 6)
registered in other countries: 3 (Marshall Islands 1, Sierra Leone 1, Venezuela 1) (2008)
Ports and terminals:
Balboa, Colon, Cristobal
Military Panama Top of Page
Military branches:
no regular military forces; Panamanian Public Forces or PPF includes the Panamanian National Police (PNP), National Maritime Service (NMS), and National Air Service (NAS) (2008)
Manpower available for military service:
males age 16-49: 851,044 (2008 est.)
Manpower fit for military service:
males age 16-49: 673,103 (2008 est.)
Manpower reaching militarily significant age annually:
male: 31,042
female: 29,969 (2008 est.)
Military expenditures:
1% of GDP (2006)
Military - note:
on 10 February 1990, the government of then President ENDARA abolished Panama's military and reformed the security apparatus by creating the Panamanian Public Forces; in October 1994, Panama's Legislative Assembly approved a constitutional amendment prohibiting the creation of a standing military force but allowing the temporary establishment of special police units to counter acts of "external aggression"
Source CIA Fact Book
Wonderful Mountain Farm Property In Best Coffee area of Panama
Farm/Ranch, Volcan- Santa Clara Chiriqui
Price: 2.500.000,00 US dollars
Lot Size: 312 acres Year Built:
An amazingly beautiful farm, measuring 125 hectareas or 312 acres.
The farm is located in Santa Clara, between the Costa Rican Border and Volcan, in the best coffee producing area of Panama. The coffee coming from this region wins many international prices every year. The property itself has outstanding features: it has 2 roads, being kept up by the world famous coffee farmers such as Cafe Duran and Cafe Eleta who are the neighbors. Very easy access from either Rio Sereno or Santa Clara. This amazing property has not 1 but 2 rivers, and even a small lake. There is also a town water connection, and three natural springs originate on the property. Electricity throughout. The property is currently in use as a cattle farm but the excellent soil makes it of course supremely suitable for coffee farming or any other crop. all that is needed for a working cattle farm is on the property, too. The climate is cool and fresh, located at 3600 feet above sea level. This property would also make an excellent mountain development for its near proximity to larger towns, and to Costa Rica. At a price of $2 per square meter a real moneymaker!!
Small Private Island
Vacant/Land, Boca Chica Chiriqui
Price: 350.000 US dollars
Island Size: 1.3 acres
Measuring about 1 and 1/3rd of an acre , this little island is looking for somebody that will want forever. Located at 10 minutes by boat from Boca Chica, this island is both very private, and accessible. The road to Boca Chica is currently being paved. You can reach the island also by boat in 45 minutes (from David/ Pedregal Marina.)
There is a small beach, some mangrove, some rocky water frontage, and safe mooring at all times of the year. There is a sweet water well, that will work perfectly once cleaned up and outfitted with a solar pump. Great views of the Chiriqui Highlands to one side, and to the small islands and Boca Brava Island to the other side. The island is of course a possession right; comes with a Panamanian Corporation and notarized bill of sale. It is possible to apply for a government concession.
PRICE: $350.000
