Constructions of condominiums and land development make up most of the list of residential projects for which environmental impact studies were submitted in November 2015.
From the report entitled "Construction Projects in Panama - November 2016", prepared by the Business Intelligence unit at CentralAmericaData.com, provides a detailed list of major construction projects for which environmental impact assessment (EIA) studies were presented to the Ministry of Environment in November.
Real estate developers are backing residential building along the central mountain range.
With an investment of nearly $14 million, the company Canion Properties Corporation is to build two new stages of its project Hacienda Los Molinos in Boquete.
"But this is not the only mountain residential project being developed in the country, in fact, in Boquete foreign investor Sam Taliaferro is developing the Valle Escondido Resort, Golf & Spa project, a resort style residential community in the highlands of Panama, whose main attractions are its location, climate, and topography, but this project is targeting international buyers," noted an article in Capital.com.pa
An Environmental Impact Study has been presented to build a residential complex consisting of 1,112 homes distributed in five stages in Chepo, province of Herrera.
The Environmental Impact Study presented to the Ministry of Environment by Inmobiliaria Mi Lote S.A., states that the project involves the construction of a residential complex comprising 1,112 housing units, dividing the project into five stages.
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