Two Offers Received for “Manuel Castillo” Residential Project

The developers Ingeniería Rec S.A. and Nova S.A. were the only companies to bid for the $25 million project.

Thursday, July 8, 2010

The contract is expected to be awarded in the first week of August.

“In the site visit five companies had an expressed an interest in bidding but only two have formalised their intention to stay in the project,” reports Prensa.com.

The project comprises the building of 500 apartments in the province of Colón.

More on this topic

Panama: $58 million in Residential Projects

February 2016

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.

Costa Rica: Mixed-Use Towers for $40 million

August 2016

The plan is to build four mixed-use towers with a total of 47,200 sqm which will be located in San Pedro in the Canton of Montes de Oca, province of San José.

The project includes construction of four towers of between 4 and 7 stories, which will be dedicated to combined uses, such as offices, shops and residences. The works will take 18 months and will start in 2017 and the companies promoting the work are i Cúbica, Replica Estudio, Proinsa and Comission Consulting Company.

El Salvador: 500 Home Residential Complex

October 2015

Grupo Roble has announced its Sierra Verde project in the municipality of Santo Tomas, where it will be building 500 homes valued from $80,000 to $100,000.

An article on Prensa.com reports that "... The project will occupy an area of ​​28 blocks, of which only 14 will be developed, the rest will be preserved.

Increased Investment in Mountain Homes in Panama

February 2012

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

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