El Salvador: $22 Million in Urban Development

The project Puerta La Palma, developed by the Real Estate division Dueñas Hermanos Ltda., will feature 66 homes, with a construction area of between 265 square meters and 283 square meters.

Wednesday, June 27, 2012

The project, targeting high income families, will be located in what the developers call "District El Espino", which ecompasses the area from Gran Via shopping center down to La Castellana, Portal Ribera, the residential site El Espino and Portal Canarias.

"One of the main features of the project Puerta La Palma is security, since a state of the art surveillance system will be installed, with trained staff and an energised perimeter wall, allowing residents to enjoy all the environments that the complex has ", reports Laprensagrafica.com

The development of the project will generate about 1,800 direct and indirect jobs.

More on this topic

El Salvador: $60 million in Real Estate Project

September 2011

The company Urbánica Desarrollos Inmobiliarios plans to develop an residential project, known as Portal Canarias in a 15.7 hectare area in El Espino.

The project, which includes four residential condominiums, will generate about five thousand jobs both direct and indirect, said Alvaro Barraza, Commercial Manager of the project.

$25.3 Million in Salvadoran Residential Development

May 2010

Portal del Casco is a new residential project by Urbánica, the real estate division of Dueñas Hermanos Ltda.

The project will comprise 92 lots over 30 squares, in a nature friendly environment. 60 lots will be up for sale in the first phase.

“$25.3 million will be invested in the project: $10 million in infrastructure costs, and the rest in land value. They will build ‘town house’ residences”, reported Laprensagrafica.com.

Colonial Residences Project for $7 million

June 2012

Project "‘La Hacienda del Comendador", located in the municipality of San Miguel Dueñas, Guatemala, will have church, gardens and a "Commander's House."

According to an article in Siglo21.com the developer is Desarrollos Integrales para el Progreso (D&P), which plans an initial investment of $7 million for the construction of community projects, which will give a colonal character to the entire project.

House Sales for $665 million in 2012

April 2012

The Panamanian group of companies, Convivienda projects sales in 2012 amounting to $665 million with the delivery of 7,429 homes.

The director of the national council of housing developers, explained that the with the Preferred Interest Act raising the ceiling on the value of homes which can benefit to $120,000 will help...

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