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.
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 arei Cúbica, Replica Estudio, Proinsa and Comission Consulting Company.
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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