Construction of Luxury Residential Complex Suspended

The Constitutional Chamber of Costa Rica accepted an appeal, effectively suspending the construction of the project by Las Catalinas Properties Holding Ltd.

Friday, August 3, 2012

The suit, lodged by Mr. Luis Carlos Sanchez and Robert Faris, denounced the use of well water without an authorized concession and tree felling of high value timber.

"The project is located in an area where there currently is not any legal operator established for the providing drinking water through an aqueduct, which means that a letter of availability can not be issued" says a letter given in evidence and signed on May 12 last by Guillermo Arce, of the Water and Sewerage company", reported

The project located in Santa Cruz and Carrillo in Guanacaste, includes the construction of 2,500 luxury villas in an area of 469 hectares.

More on this topic

Luxury Resort Planned in Costa Rica

September 2014

An environmental impact study has been presented for the construction and operation of a condominium containing 185 residential lots in the residential complex Nativa Resort in the Pacific of Costa Rica.

The company Estancias de Nativa Limitada submitted to the Environmental Technical Secretariat of Costa Rica (Setena) an Environmental Impact Study to build the second phase of NATIVA Resort, a luxury residential complex in a beach resort area 45 minutes from San José, located in Tarcoles, province of Puntarenas.

Guatemala: More Real Estate Development in the Capital

September 2014

The increasing preference for residences in central areas of the capital is generating business opportunities for developers in areas which have not yet been exploited.

Real Estate companies say that although there is a good distribution of the supply of high rise and traditional houses in the capital, "... development is needed of zones 3, 6, 7, 8, 9 and 12, which have access and services."

Luxury Homes on Panamanian Beaches

September 2012

Demand for luxury properties in Panamanian coastal areas has grown and it is not unusual to end up paying up to $1,800 per square meter.

Residential projects, depending on their proximity to the beach and how well esteemed the area is, in many cases can exceed a million dollars.

Guatemala: Premium Housing Market

March 2015

Most of the premium housing supply is located in the Eastern region of the metropolitan area, where spaces are offered measuring approximately 200 square meters and are priced from $150,000 upwards.

The Guatemalan Chamber of Construction (CGC) states that "... the market for premium housing in the country hovers around 15%," where the alternative to luxury apartments shows an upward trend.

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