The sweet spot

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By Jacob Ehrler

In baseball, the “sweet spot” is the place where the bat makes the best contact with the ball. The Visitor has picked out three new projects that stand apart from the rest, each sure to be an out-of-the-park home run. The common thread that unites these developments is their stark contrast to the massive real estate offer in Panama. What´s even sweeter is the price. If one purchased an entry-level unit from each of the projects listed on this page, the price tag would still come out under $350,000. As the luxury market slows down and middle-income housing becomes more prevalent, it is also refreshing to observe how these developers maintain high standards for their products.

Landmark opportunity

Interior rendering.

Interior rendering.

Social housing in Santa Ana foreigners are keen to buy

Seattle-based developer Brian Wagner of BASIS International presents a spectacular opportunity for Panamanians to purchase a unit in the city center starting at $65,000. Many of the 136-units of Casco View on Calle 16 Santa Ana overlook the historical Casco Antiguo district with enviable views of the Panama Canal, Ancon Hill the city and the sea.

With preferential interest rates that make housing under $120,000 very affordable, the current construction trend includes many projects in this price range – but none enjoy this central location. They are located in the suburbs of Panama City or in the growing sprawl of Panama Oeste, across the Bridge of the Americas.

And for the price per square meter starting at $1,450, few projects (if any) in this target can compete with the attention paid to architectural detail, design and amenities like the two expansive social areas looking over the Old City. Most of the apartments are one bedroom convertible in two with balconies or patios. His sales team works closely with buyers and banks.

Foreign interest

The impressive view from this groundbreaking Santa Ana project.

The impressive view from this groundbreaking Santa Ana project.

Wagner seeks to focus on buyers from the immediately local market, who currently live or work near the neighborhood. But the nature of the project (and the fact that it practically borders the Unesco site) has aroused quite a bit of interest among the foreign sector. The developer finds himself in a privileged position, able to pick and choose buyers. Those interested may find they have a better chance of getting in if their values align with those of the project – which seeks to incorporate solar energy, employ strict condo regulations and an integrated community. Some 57 parking spaces are available.

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