Investors are waking up to Colón’s potential

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The Caribbean coast of Panama along the province of Colón is growing in popularity for real estate and resort development.

The impressive vista from Bala Beach Resort.

The impressive vista from Bala Beach Resort.

The Bala Beach Resort (202-0882) in María Chiquita has pioneered the way to Panama’s Atlantic with its recently-opened real estate and hotel offer. Their residential spaces range from studios to three-story penthouse lofts, with pricing starting at $84,375. All of their apartments are ocean-facing, have balconies and enjoy the unparalleled facilities that Bala provides.

Their Beach Resort offers equipment for watersports, such as kayaking and snorkeling. Their restaurant, Apu, along with an infinity pool, a fully-equipped fitness center, 24-hour security, in-room spa services and an on-site concierge service round out the offer. Bala also offers great deals on day-passes which grant full access to their amenities and discount prices on their rental equipment.

With its location, just an hour away from Panama City, the resort and residential community is the ideal place to enjoy the many attractions the area is known for. From the ruins of San Lorenzo and Portobelo, activities such as scuba diving and zip-lining, to the unique culture and cuisine of the province, all of this is within easy reach of vacationers here. The resort uniquely caters to those visiting for a short spell as well as those seeking to make Bala their new (or second) home. To contact the Bala Beach Resort, visit www.balabeach.com or write visit@balabeach.com.

Investors are keeping an eye on Costa Arriba, the coastline stretching from Colón City to San Blas. Last year, the Panama Tourism Authority (ATP) commissioned a feasibility study to build a new road for Costa Arriba, from the area known as Cuanga up to Santa Isabel, where the Decameron chain is planning to develop a 300 room hotel.

The high profile German hotelier, Kempinski, also has its sights set on the Colón coastline. The property consortium recently announced the opening of its latest hotel and residences in the area of La Guaira, a natural reserve surrounded by rainforest, strategically situated near Isla Grande, a favorite destination for divers and those who enjoy watersports. The beachside resort will offer 106 luxury rooms and suites, while the residences will feature 75 units, 40 of which will be located directly on the seafront. The project is expected to be inaugurated by late 2015 and carry a cost of $20 million dollars.

Ulrich Schwark, Director of Two Oceans Group, the property developer hired by Kempinski for the project, has referred to the area as “one of Central America’s most beautiful locations.” As the new setting for Europe’s oldest luxury hotel chain, Colón is showing itself to be a true gem, waiting to be discovered for its natural beauty, advantageous location and singular culture.

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