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PANAMA CITY -- THE CITYS MOST IN DEMAND LOCATION PLS READ BELOW

 Region: Panama City

 Price: EUR € 242 591

 Bedrooms: 1

 Property Type: Apartment

 Development State: Off Plan

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Features: Garden, Pool, Parking, Terrace / Deck
Amenities: Shops, Bars & Restaurants, 24 Hour security, Gymnasium, Sea View, By the Sea, Jaccuzi
Description:
1 and 2 bedroom Apartmants , Duplexes and Triples from £195000


Panama offers property buyers excellent benefits and a growing market in which to invest. IPIN’s selection of Yoo Panama as one of the very best options in the City is based on the following key factors:



Located in a prime business district of Panama City. Avenida Balboa is famed as a spectacular strip that runs along the Panama Bay Pacific-side coastline, making it an ideal investment location
Design by one of Panama’s celebrated architectural firms and interior designed by the world-renowned firm, Yoo by Philippe Starck, giving this project an edge over its competitors
Exciting growth figures and investment period
Government-backed tax incentives
Retirement haven
Mature and stable economy






Potential Capital Appreciation
per annum 20.00%
Estimate from market research

Potential Rental Income
per annum 8.00%
Conservative estimate

Development Timetable
Construction Start: 3rd Quarter 2007 Construction End: 2nd Quarter 2010

Development Description

The Development

This luxurious 58-storey designer tower will feature:

Loft-style dwellings of one and two bedrooms, duplex and triplex apartments on the top floors with either ocean or city views
All units and common areas will carry the Philippe Starck interior design
The building will feature a communal rooftop garden with spectacular views of the city
Sculpted garden areas throughout the building
The Investment

This project offers a mid to long-term investment:

High capital appreciation potential of around 20% for year 1
Luxury development
City centre investment
High rental potential

Exit Strategies

Rental Return - high rental potential - voted best top retirement destination by the 'annual global retirement index', with the highest growing tourism economy in Latin America.
Resale Potential - increasing growth in tourism and retirement figures are set to provide a good resale market. The developer will assist with the resale process.
The Units
One bedroom loft-style units from 127m2 to 133 m2
Two bedroom units from 163m2 to 165m2
Two bedroom duplexes of 260m2
The Facilities

300m2 designer swimming pool and wading pool
60m2 childrens swimming pool
Poolside private day cabanas
Juice bar
Business centre
Ocean-front day spa featuring treatment rooms, sauna and steam rooms
2 double height multi-purpose ballrooms
4 meeting rooms
Lounge, featuring a pool table area and library
Multi-level covered parking
Full-time concierge staff
Roof-top garden terrace
Lushly landscaped 3-level slope garden with stunning bay views
Laundry and dry cleaning service
Mail and package reception
Spectacular double-height, 2-level lobby including a drop-off plaza with valet parking

Spa & Fitness Centre

Ocean-front day spa with treatment rooms and wooden deck terraces
"His and Hers" lounges and relaxation areas
Whirlpool tubs
Steam room and saunas
Free weights and weight-training equipment
State-of-the-art cardio equipment
Yoga and pilates studio overlooking Panamá Bay
2 professional squash courts
The Build Specifications


Floor to ceiling windows
Walk-in wardrobes
Premium Italian loft-style kitchen with elegant stone countertops, laundry, including stainless steel appliances (refrigerator/freezer, stove, washer and dryer)
State-of-the-art modern master bathrooms featuring stone tile flooring and shower walls, with matching stone vanity top and porcelain lavatories
Guest bathroom
Air conditioning in all bedrooms and living room
High ceilings
High-speed cabling for all internet and telephone outlets

The Security

TBC once we receive DD Report

The Developer

The developer has some of the finest projects to be found in the flourishing neighbourhoods of Panama City. They combine visions to provide purchasers with cutting-edge designs, efficient internal distribution, and first-rate, luxury amenities.

They are proud to be leaders in the national market, with more than 2,000 residential units, and more than 500,000 sq ft of commercial space in the metropolitan area.
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