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Nothing on Panama's Boom? Nothing on Panama's Boom?
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Panama Property The Republic of Panama is the most southern Country of Central America. In this new section of the Property Community we will discuss many reasons that make Panama a forward thinking real estate investment hub – including the fact that it is the fastest growing economy in Central America. Please do have a look at the Panama forum and feel free to discuss all aspects of property in Panama.

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Nothing on Panama's Boom?

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  #1  
Old 21-07-2007, 01:04 AM
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Default Nothing on Panama's Boom?
I am new to the forum and was surprised that there isn't anything on the building boom in Panama?? The construction going on here is only second to Dubai. Any insight?
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Old 21-07-2007, 12:36 PM
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Default Good point, what do you know
The ice tower was then was not being built what do you know ?
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Old 22-07-2007, 05:48 AM
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Originally Posted by Goldberg Global View Post
The ice tower was then was not being built what do you know ?

Hi, from what I know the project just broke ground about 2months ago and now has been halted. What is going to happen is a downsizing of the project. Believe it was schedules for 102 floors, talk is that it will now be well below that. The truth on what has happened still isn't known. But this example is far from the norms there dozens of projects that are finishing now and are on schedule. Same thing happened with Palacia de Bahia. Both are foreign (non panamanian) developers who only had the 1 project. I have always recommended to my clients to look at purchasing projects from local developers who have a building track record here in Panama City.
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