Buying at Bala Beach Resort Panama

Bala Beach Resort Is located in maria Chiquita which is to the North of Panama in the district of Colon which is the Caribbean side of the Panama. This is the last location to be developed in Panama. The infrastructure is very basic and the roads to the area are poor. However the country has already started work on the new Panama - Colon Highway which will improve the drive time and the quality of the journey to Colon.

This YouTube video shows you in greater details what is being constructed. http://youtube.com/watch?v=f8M-2yvZucw

Colon is probably better know for its Free Trade Zone, Colon Free Trade Zone ("CFZ") is the largest free zone in the Americas and the second largest in the world. Created in 1948, the free zone houses 1,751 merchants, receives yearly more than 250,000 visitors from all parts of the World, mainly from countries such as Haiti, Jamaica, Costa Rica, Venezuela, Colombia, United States, Ecuador, and others. The CFZ generates exportation and re-exportation goods valued at more than US$6.5 billion in 2005.

Maria Chiquita is located on the Colon - Portobelo road click on this link for a map http://www.afloridarealtor.com/property/bala-beach-resort-map.html It is a small fishing village on the Ocean and home to a very small community. To ensure the village are not impacted unduly the developer has already had a number of meetings with the heads of the village and is brining a number of essentials to the village including a Dentist, Doctor, Post Office, The homes and the village will be given a make over including painting all the homes in the village. A new road is being constructed at present which will allow the traffic to the site bypass the community therefore reduce the noise impact to the town.

The Beach itself is everything that you would expect from a Caribbean Beach. This is another youtube video that I made of the Beach http://youtube.com/watch?v=-EN0n9BWFV0

The Beach hardly has a change of tide and is shallow water up to 50 - 60 yards out. making it ideal for Children. The feel of the Ocean Breeze cannot be shown by pictures but has to be experienced. The sand is going to be improved by bringing in Whiter sand from further round the bay.

Bala Beach will consists of 10 building there will be a condo Hotel and a Tower on the Beach. There will be a Spa, Gym, and entertainment area by the pool. being on the Caribbean water sports and fishing will play an import role for entertainment for the owners and there guests.

This is another youtube presentation which is a VT of the development http://youtube.com/watch?v=vZOKg7E-tE8

Building 1 & 2 has almost sold out with building 3 just released. The construction time for the first building will be around 18 months so delivery will be early 2010. All units will have Ocean Views, the heights to the rear of the development where the first building are located is much higher than shown on the VT. The first picture attached is taken from the location of Building 2.

One of the great thing about this property is the price point, for a Caribbean Beach Front property. If this was on the Pacific side of Panama the unit price would be based on nearly $3,500 per sq Meter. and the beach would be nothing like this. The prices here are based on $1,850 per sq Meter. prices in Panama are rising at 25% per year so our lowest priced unit at $83,250 will be worth $124,875 by the time it is delivered. This will still be an affordable price should anyone wish to resell there unit just prior to closing.

Available Apartments

The first phase will consist of two 11-story buildings with the following apartments to choose from:

- Studio (45 m²) (484.2 Sq Ft)
- 1 Bedroom (65 m²) (699.4 Sq Ft)
- 2 Bedroom (85 m²) (914.6 Sq Ft)
- 3 Bedroom (130 m²) (1398.8 Sq Ft)
- 1 Bedroom 2-Story Loft (180 m²) (1936.8 Sq Ft)
- 2 Bedroom 2-Story Loft (180 m²) (1936.8 Sq Ft)

The property will be run like a condo hotel. There will be an on site property management that will deal with bookings and the guests. Owners will be able to place there unit into the rental pool.

We are predicting a daily rate of just over $100 per night for a Studio 2 bed units could rent for well over $250 per night. Just this week Bloomberg reported on Hotel occupancy rates in the world and Panama was rated in the top 20 highest Hotel occupancy rates around the world.

There are a number of factors that are favorable to this property,

1 A Caribbean beach,
2 close to the Free Trade Zone,
3 hardly any competition in the area this is the first Resort being built in the area.
4 Close to the Cruise ports at Colon. Cruise ships are increasing ships to Panama and are relocating more ships down here to cater to the increased number of Latin American wishing to enjoy a Caribbean and pacific Cruise.
5 Close to the Gatun Lock, the Canal expansion is scheduled to last for 5 years.
6 Expansion of the Colon Airport
7 Low priced units
8 20 year Property Tax exemption

The units like all Properties in South America are not furnished nor do they come with appliances or AC. The developer is working on low cost packages for all these items.

Mortages are fairly easy to obtain in panama due to the deposits that a required in the Country. We work closely with HSBC, & Scotiabank, the 2 biggest suppliers of Foreign lending in Panama.

Deposits work like this

10% at contract
10% at Ground Breaking
10% 90 days after GB
10% 180 days after GB

Or they can put 40% straight in the builder bank and they will draw down from this account at these dates.

for more details please visit http://www.afloridarealtor.com

For more details on this and other great properties in Panama please visit:

http://www.afloridarealtor.com/property/hotproperty/property/panama/bala-beach-resort-panama.html

Or call Geoff Sinker on +1 800 959 6620, Panama +507 6650 9387

Email Geoff Sinker

We have other great listings available in Panama with prices starting from only $87,500

Panama Real Estate

If you are an Owner of a property and would like to resell your property please

call and talk to our resale department.

We have buyers looking for resale property everday.

Para mas detalles sobre esta y otras maravillosas propiedades en Panamá, por favor visitar: 

O llamar al Sr. Geoff Sinker al +1 800 959 6620, Panama +507 6650 9387

Email Geoff Sinker

Tenemos otras grandiosas propiedades disponibles en Panamá con precios que empiezan desde solo $87,500.

Panama Real Estate

Si usted es el dueño de alguna propiedad y le gustaría venderla, por favor llámenos y converse con nuestro departamento de ventas.

Tenemos compradores buscando propiedades en reventas todos los dias.

Saludos

3 Bed Single Family Homes in Panama

Priced from $299,900

Available right now

3 Bedroom Homes with Awe Inspiring Ocean Views just 20 minutes from Panama City. The homes will be constructed on terraced lots which are roughly 600-650 m2 in size. Each lot boasts gorgeous views of the Pacific Ocean, and islands of the Las Perlas Archipelago (Pearl Islands) as well as ships waiting to transit the Panama Canal.

The homes will consist of a kitchen, living room, dining room, 3 bathrooms, 3 bedrooms plus an additional maids room all on one level. Each of the 8 homes in the development will also feature a roof top terrace to take full advantage of the gorgeous views.The Homes in Majagual are on terraced lots and as such have panoramic views of the Pacific ocean and distant views of ships entering the Panama Canal.

Majagual is a fishing town located just 20-30 minutes from Panama City. The real estate in this area of Panama offers beautiful ocean views and beach frontage within a distance of the city that can be commuted daily. The drive ranges from about 20-30 minutes to downtown Panama, and only 10-15 minutes to get to Balboa, Panama which has just about everything one could need or want for everyday living including shopping malls, domestic airport, full scale grocery stores, farmacies, video rentals, vet and medical clinics, and post offices.

Former US Howard Airforce Base which is located just in front of the area of Majagual, and former Rodman Naval Station recently received approved legistlation to become a free trade zone for the Pacific Ocean.

The real estate located along the West Bank of the Panama Canal, was not available for any type of development until the Panama Canal was turned over to Panama in the year 2000. Given the geography and current growth of Panama City, along with the breathtaking views of the Pacific Ocean and Panama Canal, and the proximity of the real estate along the West Bank of the Panama Canal to Panama City, it is inevitable that this area will soon prove its worth as a real estate investment. The first of the developments to go up along this precious strip of real estate, is a Resort area on the road to Majagual, about 5 minutes from the actual area of Majagual. The resort is was built by InterContinental Hotels Group (IHG), the world's largest and most global hotel company, and Empresas Bern, Panama's largest hotel and tour group operator.

Why i Should Buy in Panama

Many people will have heard of Panama and heard of the boom in Panama, but how many people really understand why we are having a property and immigration boom down here in Panama, Read On Reason to purchase property in Panama.

Since 2006 the average price was $1780 to 2008 the average price is $2890 pre m2
giving a 25% increase in price per year.

Rental demand continue to increase.
Hotels have an 80% occupancy levels and room fees have nearly doubled in the past few years.

Shortage of private rental accommodation for, the majority of new home owners are happy to rent there units out on a monthly basis, the need for apartments to be rented on a short term basis is very high. Short term rentals rental yields are between 10% - 15%

Ideal place for buyers in Europe with a weak dollar against the British Pound and the Euro. The Panamanian Balboa is tied at $1 to 1 Balboa so the European buyer can take advantage of the weak dollar in Panama.

The Expansion of the canal. The new canal expansion program is underway. This will allow more ships to travel through the locks brining more money into the country in the form of toll fees.

More cruise ships coming to Panama.One of the reasons for this is due to the tough immigration rules in the US that deter Latin American Travelers to board cruise ships that operate out of the USA. By expanding the ports in Panama even more people can enjoy the Cruise season and more money will come to Panama.

Free Trade Zone is the second largest in the world and more and more traders are setting up shop in the free trade Zone. This in turn brings more tourists from Latin America. Tourists visiting Panama in 2007 spent more than $1.1 billion dollars in the country, representing a 23% increase over the level of tourist activity for 2006

Security, Panama is very aware how negative press can effect tourism, so there are plenty of Police on the streets not just driving round in cars there is also the tourist Police in Panama City.

Latin America views Panama as Europe used to view Spain, I nice climate, good shops and a stable economy.

Stable Government that sees the growth its country can achieve and is dedicated in seeing this continue.

Great for retirees.

Panama is one of the best places in the world for retirees today, combining a low cost of living, near-perfect weather and one of the world's best discount programs for retirees, with up to 50% off everything from public transport to movies, mortgage rates, doctor's visits, electricity, restaurants and airfares.

When you compare Panama with its neighbors, you'll see that it has more amenities than traditional retirement spots such as Mexico and Costa Rica, with lower costs and crime rates. In Panama, you'll encounter less red tape and less interference from local authorities.

And there are other incentives for foreigners to spend time here, invest here … or retire here. For example:

Newcomers who buy or build a new house won't owe any property taxes for 20 years.

Residents pay no taxes on foreign-earned income.

Tourism investments have 20-year exemptions from import duties, fees for construction materials and equipment, and income, real estate and other taxes.

The U.S. dollar is legal tender in Panama, which insulates its economy from global shocks. During the Asian monetary crisis of 1998, Panama became one of the healthiest economies in Latin America.

Panama's pensionado program

Once you become a resident "pensioner" of Panama under the Tourist Pensionado Visa, you are eligible for the most appealing program of benefits for retirees available anywhere in the world right now.

Now, you may be thinking: "Pensioner? Retiree? That leaves me out."

Not necessarily. The rules for becoming a "pensioner" and qualifying for this visa program in Panama are probably not what you'd expect.

In fact, anyone over the age of 18 may apply and can qualify as a pensionado in Panama. All you need is a guaranteed pension income of $500 per month ($600 for a couple). It must be a pension from a government agency (e.g. Social Security, disability, armed forces, etc.) or a defined-benefit pension from a private company. Sorry, but an immediate, fixed annuity doesn't qualify.

As a qualified pensioner in Panama, you would be entitled to:

• 50% off entertainment anywhere in the country (movies, theaters, concerts, sporting events, etc.)

• 30% off bus, boat, and train fares

• 25% off airline tickets

• 50% off hotel stays Monday through Thursday, 30% off Friday through Sunday

• 25% off restaurant meals

• 15% off at fast-food restaurants

• 15% off hospital bills (if no insurance applies)

• 10% off prescription medicines

• 20% off doctors' consultations

• 15% off dental and eye exams

• 20% off professional and technical services

• 50% off closing costs for home loans and more

Why wouldn't you buy in Panama?

For more information on buying property in Panama
contact Geoff at gsinker@gmail.com

White Tower Panama

Prices from $394,200

A 62 floors tower, apartments, duplex, 2 levels of penthouse, visitors parking and deposit. Located in an important development area in the city.

APARTMENTS - AREA:
- 1,322 sq.ft.(126 mts2)
- 1,372 sq.ft. (127.5 mts2)
- 1,571 sq.ft. (146 mt2)
- 1,926 sq.ft. (179 mt2)
- Duplex 4,574 sq.ft. (425 mt2)
- 3,274 sq.ft. (304.25 mt2)
- Penthouse 4,079 sq.ft. (379 mt2)

THE BUILDING:
- A 62 floors tower, apartments, duplex, 2 levels of penthouse
- Visitors parking and deposit.
- Located in an important development area in the city - Balboa Avenue.

SOCIAL AREA:
- Swimming pool
- Jacuzzi
- Reception hall
- Spa
- Multiple courts
- children recreational area and much more...

Bedrooms:
1, 2 and 3 bedrooms and maid´s dorm.

Property Details

Price in £: 197,100
Price in €: 262,800
Pre Construction
Bedrooms: 1-2-3
Bathrooms: 1-2
Sq Ft: 127 Sq Meters
Location: City

Marina Terrace Panama

Prices from $296,000

Marina Terrace is a delightful project with wide terraces, and magnificent internal distributions. You will enjoy beautiful ocean and park views as it is located off the Balboa Avenue, Panama’s major avenue that borders the Pacific Ocean.

This tower is being developed in the Balboa Avenue area of Panama City. All of the apartments have great views of the Bay of Panama.

Building features:

• Garage security door
• Visitor parking spaces
• 2 glassed panoramic elevators
• Emergency power station for the entire building
• Exclusive double-height lobby
• 24 hour security guards

Apartment features:

• Apartment sizes are 1,470, 1,530, and 2,130 square feet
• Option of 2 or 3 bedrooms
• Spacious dining area
• Walk-in closets
• Family room
• 3 bathrooms
• 2 terraces
• Granite countertops in the kitchen
• Maid's quarters

Property Details

Price in £: 148,000
Price in €: 130,700
Pre Construction
Bedrooms: 2-3
Bathrooms: 1-3
Sq Ft: 1,470 - 2,130
Location: City

Alcala Tower Panama

Prices from $ 69,500

Located in booming Via Espana, accross the street from the San Fernando hospital, Alcala Tower is a 40-story building that offers first-class amenities and incredible value. The units are designed with an extremely efficient use of space, resulting in incredibly practical and affordablte apartments.

Panama City is a paradise for shoppers. Via Espana and Avenida Central offer everything from the latest in fashion to the most complex computers and crafts at low prices. The craft stores offer a variety of straw and wood products, embroideries and paintings, in addition to the famous molas, hand-made by the Kuna Indians.

Available Apartments

Alcala Tower offers the following apartments to choose from:

• 46 m2 / 495 ft2 studio or one bedroom
• 47 m2 / 505 ft2 studio or one bedroom
• 70 m2 / 753 ft2 one or two bedroom
• 73 m2 / 785 ft2 one or two bedroom
• 75 m2 / 807 ft2 one or two bedroom
• 79 m2 / 850 ft2 two or three bedroom

Amenities

Alcala Tower includes the following amenities:

• 24 hour guarted security
• Games room
• Social area
• Swimming pool
• Fully equipped gym
• Basketball court
• Tennis court
• Gazebo area
• Garden area
• Children's playground

Property Details

Price in £: 34,250
Price in €: 45,666
Pre Construction
Price Range: From $68,500
Bedrooms: 1-2-3
Bathrooms: 1-2
Location: City

Vista Del Mar Resale Unit on Avenida Balboa

Vista Del Mar Panama

$305,000

One bedroom apartment 976 sqft Spectaculars views of the City and the Bay.

Vista del Mar Tower’s facade, leaves aside the simplicity of today’s architectural design tendencies, to emulate monuments of the past, thus satisfying the taste of a great portion of the market that desires the old fashion glamour of the past.

Its interior distribution, with opened spaces, enables residents to decorate to their liking from modern to classic styles.

In the common areas of this modern chateaux, diverse tendencies are mixed from the social area, in the upper level you will be able to contemplate the most spectacular panoramic of the Bay and City, including the Casco Viejo, the green areas of the Metropolitan Park and the Panama Canal.

Property will be completed in 2009

This is an assignable contract.

Property Details

Price in £: 152500
Price in €: 203,400
Resale
Bedrooms: 1
Bathrooms: 1.5
Sq Ft: 976
Location: City

Megapolis Pre construction condo hotel on Avenida Balboa

Megapolis Panama

Units available from $180,000
$20K below developer current prices

44 Sq Meter condo hotel unit available $20K below developer prices

This is also the only Condo Hotel in Panama that guarantees a minimum income.

There are also apartments for sale consisting of two and three bedrooms.

Building description:

• 63 Levels with view to the Panama Bay or the Panama City
• 13 elevators: 10 for residents, two for service and one for the valet-parking
• Parking spaces available for owners, visitors and hotel guests
• Social, hotel and restaurant area
• Amazing lobby that will have cafe-bar and restaurant
• Direct access to MultiCentro Shopping Center (allowing access to Majestic Casino, shopping center, food court, cinemas and convention center)

Special Services offered:

• Megapolis will be administered and operated by the prestigious Decameron Group Hotel
• Discount in the facilities of the group, at the city and the beach
• Discounts in Hard Rock Café, Astrid and Gaston Restaurants
• Discount for entrance to the Mantaraya Golf Course, and its driving range at Playa Blanca
• Access to laundry services, room service and baby sitting

Social Area:

• Panoramic view to the ocean
• Adult and Children's Pool
• Jacuzzi
• Humid Area
• Gazebo
• BBQ
• Party's saloon
• Business Center
• Gym
• Squash court

The apartments range from one to three bedroom; sizes range from 462.84 sq. ft to 2,659.72 sq. ft or from 42 to 300 square meters.

Property Details

Price in £: 90,000
Price in €: 120,000
Resale
Bedrooms: 1
Bathrooms: 1
Sq Ft: 44 Sq Meter
Location: City

Arts Tower Panama

Arts Tower Panama

From $369,000

an astonishing ocean front, top of the art project located in the heart of the Avenida Balboa and complemented by world class amenities. All of the common areas were conceptualized by Philippe Starck, the world’s most sophisticated residential designer

About the Location: Avenida Balboa is one of the major avenues in Panama City. The avenue borders the Pacific Ocean offering breathtaking views of the ocean and the bay. It is strategically located within walking distance of the financial and entertainment district. You will be steps away from important restaurants, banks, gas stations, and bars.

About Arts
· Luxurious 75 stories tower development
· 5 Apartments per floor
· 120 m² (1290 sq ft) - 1 bedroom, 125 m² (1345 sq ft) – 1 bedroom, 135 m² (1452 sq ft) – 1 bedroom, 155 m² (1667 sq ft) – 2 bedrooms, 160 m² (1720 sq ft) – 2 bedrooms
· Penthouses and duplex available
· Ocean front views
· Living and dining room, guest bathroom
· Wide terraces
· Luxury Finishes
· Elegant apartment height
· Floor to ceiling windows
· Walk-in closets
· Italian loft like kitchen with laundry
· Kitchen and bathrooms with granite countertops

Property Details

Price in £: 184,500
Price in €: 246,000
Pre Construction
Bedrooms: 1-2-3
Bathrooms: 1-2
Sq Ft: 1290 - 1720 Sq Ft
Location: City

Bala Beach Resort in Panama

The Bala Resort Resort Panama


is located in the most beautiful beach of Panama’s Caribbean coast, just a one hour drive from Panama City. This master-planned beach community is designed for those seeking true serenity for the best value.

Prices from $83,250

Building Summary

This Resort is located in the most beautiful beach of Panama’s Caribbean coast, just a one hour drive from Panama City. This master-planned beach community is designed for those seeking true serenity for the best value. Crystal clear waters, white sand beaches and gorgeous mountain backdrops provide breathtaking views from any point on the community. Bala Beach Resort is only minutes away from the nearest hospital, supermarket and other desired amenities required for residential living.

Available Apartments

The first phase will consist of two 11-story buildings with the following apartments to choose from:

- Studio (45 m²)
- 1 Bedroom (65 m²)

- 2 Bedroom (85 m²)
- 3 Bedroom (130 m²)

- 1 Bedroom 2-Story Loft (180 m²)

- 2 Bedroom 2-Story Loft (180 m²)

Each apartment offers breathtaking views of the ocean and gorgeous mountain landscape.

The Balä Beach Resort proudly offers the finest amenities available. Various complimentary and fee based services are offered. Please find them listed below.
Complimentary Services:

* Tennis Courts
* Infinity Swimming Pools and Lap Pool
* Jacuzzis
* Fully Equipped Fitness Center
* Day Spa and Sauna
* Alternative Health Center with Yoga and Meditation Studio
* Beach Volleyball Courts
* Basketball Courts
* Bocce Ball
* BBQ Area Overlooking Pool
* Beach Cabanas
* Valet Parking
* 24 Hour Concierge Service
* 24 Hour Building and Parking Security


Fee Services:

* Babysitting Service
* Maid Service
* Room Service
* Dry Cleaning Service
* Massage Therapy Service
* Personal Chef Service
* Fishing Tours
* Scuba Diving
* Canopy Tours
* Jet Skiing
* Guided ATV Tours
* Medical and Ambulance Service
* Environmental and Ecological Tours
* Panama City Shuttle

For more details on this and other great properties in Panama please visit:

http://www.afloridarealtor.com/property/hotproperty/property/panama/bala-beach-resort-panama.html

Or call Geoff Sinker on +1 800 959 6620, Panama +507 6650 9387

Email Geoff Sinker

We have other great listings available in Panama with prices starting from only $87,500

Panama Real Estate

If you are an Owner of a property and would like to resell your property please

call and talk to our resale department.

We have buyers looking for resale property everday.

Para mas detalles sobre esta y otras maravillosas propiedades en Panamá, por favor visitar: 

O llamar al Sr. Geoff Sinker al +1 800 959 6620, Panama +507 6650 9387

Email Geoff Sinker

Tenemos otras grandiosas propiedades disponibles en Panamá con precios que empiezan desde solo $87,500.

Panama Real Estate

Si usted es el dueño de alguna propiedad y le gustaría venderla, por favor llámenos y converse con nuestro departamento de ventas.

Tenemos compradores buscando propiedades en reventas todos los dias.

Saludos