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Friday, August 23 2019 @ 10:55 pm EDT

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Panama Casa - Premier Vacation and Corporate Property Rentals

Real Estate Panama Casa, founded nine years ago, has grown over the years and is now recognized as one of Panama’s leading real estate enterprise. The company has an extensive listing of properties available for rental both long-term and short-term; it also provides a wide range of related services, including property sales, commercial real estate management, asset management, airport pickup, tours and more. With 20 years of experience in the real estate industry in the US, Jeff Duda founded Panama Casa Services, which has become the premier property management company in Panama and is now expanding internationally. Under the name Janelbi based on the same principles of providing consistent top quality service in the corporate housing and vacation rental industries. (more)
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Global Finance & Investments, S.A. - Office Space in Trump Ocean Club International Hotel & Tower

Real Estate Global Finance & Investments, S.A. is the first to announce available, ready to occupy office space for rent in the brand new and luxurious Trump Ocean Club International Hotel & Tower in Panama City. Located in the Punta Pacifica district on the ocean front, Trump Ocean Club boasts some of the most desirable attractions for any size company seeking office space in a high end and multi function building. Aside from the standard-setting name of Trump itself, the Tower offers a five star hotel, several delicious and well staffed restaurants, a 24 hour gym, infinity pools overlooking the ocean, office space, and soon to be casino as well as a spa. Whether you are a one to three person operation that can take advantage of our business center floors, an international business with a large employee base that requires a large and private space, or simply seeking a virtual office from outside of Panama, we have a very diverse and ample inventory with unmatched flexibility ready to meet your needs.

GFISA has many flexible options that you are able to consider when looking for office space at Trump Ocean Club. We offer spaces ranging from 100mt2 to 700mt2 (size of a complete floor) that can be built to your specific needs and wants; we can assist in this process as we have nearly a decade in construction experience in Panama alone. We also offer fully furnished office space in our all-inclusive Business Center configuration which is always the most popular. Another service we offer is the “Virtual Office”, ideal for a company that requires the services of a business center, but simply does not require a physical office every day of the month.



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Bern Beach Projects - Coronado Bay and Coronado Golf

Real Estate Welcome to Bern Beach Projects: Since 1978, Empresas Bern has been on the cutting edge of real estate in Panama. From residential and commercial projects to hotels and resorts, proud to be a leader in the industry. The exciting condominium and hotel beach projects on the Pacific Coast in and around Coronado are now available.

Coronado Bay: The brand new beachfront Coronado Bay Project located in the heart of Coronado is quickly becoming an icon of this beachfront community. It is the new desirable place to experience resort living at its best. Residents and their guests have access on-site to private restaurant, bar, monthly soirees in the beach club, onsite personal trainers in state of the art gymnasium, yoga classes and an array of other services and activities.

Coronado Golf: The Coronado Golf Community has to be one of the best locations in Panama to build lasting connections with family and friends alike. A stunning project set in the heart of the prestigious Coronado Golf Club with facilities such as bars, restaurants, fitness centre, beach club, equestrian club, tennis courts and health and beauty parlor. It is a superior lifestyle with something for every one of your moods.

Solarium Hotel: The Solarium Hotel offers luxurious rooms with incredible ocean views. A spectacular destination, surrounded by a blend of white and volcanic sands, with a majestic view of the Pacific Ocean,located on one of Panama´s most exclusive beaches. We offer a choice of three room types as well as fully appointed condominiums.



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About the "Old" and "New" Malibu Projects - What Happened, And What's Going To Happen

Real EstateBy DON WINNER for Panama-Guide.com - Received today via email: "Hi Don, I read the article on your site about the Malibu development. I know you consulted for Marco Shrem on the original development so I was wondering how much you know about this newly resurrected Malibu project? Is Marco Shrem still involved? Are the buyers of the initial project included, or excluded, in the new project? I have two family members who bought into the original project and they are curious to know what is happening now. Thanks for any light you can shed on this. Ray."

Thanks For Asking: For the record I'm still working for Marco Shrem as a consultant and to help him promote the resurrection of the Malibu project. If you will remember, Marco Shrem was basically the victim of a fraud committed against him and his company by another Panamanian real estate development company called Econoplade. In the original deal for the first Malibu project, Marco Shrem was to put up the land for the development and the Econoplade company was supposed to do everything else. Meaning, they were responsible for promotion, advertising, signing the contracts, handling the money and deposits, building the infrastructure and houses, and delivering those to the customers, etc. The land underneath the project (owned by Marco) would not be legally turned over to the buyer until the new owner actually took paid for and took receipt of the newly constructed house in the Malibu project. However in fact Econoplade received a total of about $8 million dollars in deposits from about 400 sales contracts. They spent about $4 million on the project (roads, underground "invisible" infrastructure such as electrical and plumbing), and the other $4 million dollars they basically "misappropriated" - meaning, they stole the money. The whole Econoplade company melted down and the local Panamanian lawyers descended on the carcass. When all was said and done, Marco Shrem was left holding the bag for the disaster left behind by the collapse of Econoplade - and in short he had been ripped off - the victim of a $4 million dollar scam perpetuated by Econoplade. And, there was nothing left of Econoplade of any real value worth going after legally.

Building A Way Out: Marco Shrem was going though a really rough patch when he first contacted me back in October 2009. There were more than 400 contract holders - both Panamanian and foreigners - who were beating down his door, all of them looking to exact a pound of flesh for the debacle. I helped Marco develop a strategy that would allow him to return to the playing field with honor. He carved out a piece of the land in Gorgona and established a specific trust fund for those who had laid down a deposit in the original Malibu development. The parcel of land would be sold, and those deposits would be refunded from the money (first and foremost.) It takes a very long time to legally establish and register this kind of a complicated Trust thing, and now all of that has been done. About ten months ago or so all of the original Malibu owners were contacted and given the opportunity to join this Trust. Their deposits were well documented by the lawyers, and once the land is sold (it is now on the market) then they will receive their refunds.

Marco Shrem Did Not Steal The Money: Most importantly - and this is critically important for everyone to know and understand - Marco Shrem did not steal the money. He did not receive those deposits taken in by Econoplade on the original 400 contracts they signed for the Malibu project. In fact, Marco Shrem did not have any legal responsibility to repay those deposits, either. In short, Marco is going to sell a parcel of land and return those deposits even though he is not legally obligated in any way to do so. One person tried to sue him in a Panamanian court and the case was summarily thrown out. Marco Shrem is doing this because it's simply the right thing to do - and he's getting almost no credit for it, beside what I talk about in these articles.

About The New Project: Anyone who paid a deposit on the original project can have that deposit recognized in the new project. The paperwork will be done, a new contract signed, the old contract goes away, and off you go. The biggest hurdle for Marco Shrem was the legacy represented by those 400 original contacts in the first project. Marco was caught in a sort of catch-22 situation. Even though neither he nor his company was legally responsible for those 400 contracts, his land was under them. Marco basically inherited the Malibu project from the ruins of what Econoplade left behind, but no bank in Panama was willing to take a risk or loan him any funds to build the project with the legacy of those 400 contracts hanging over the land (legal obligation, or no). Now, almost all of those original contracts have been accounted for, one way or the other. Some people were just given refunds or they negotiated some sort of a settlement to just go away. Most were either put into the Trust, or have since been converted to new contracts in the new project. By now everyone who was an original buyer should have cemented their status one way or the other. And now, with that taken care of, the banks can grant loans without having to fear legal action from the original contract owners. The parcel of land designated for the trust can be sold and he deposits repaid. And, the project can now be developed as a new entity - this time properly controlled, audited, and managed.

Copyright 2011 by Don Winner for Panama-Guide.com. Go ahead and use whatever you like as long as you credit the source. Salud.

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Malibu: "The Paradise Just Around The Corner"

Real EstateMalibu Ocean & Mountain Houses and Lots - The project is now under construction with a group of thirty eight homes in the first stage of the project. In Malibu Lakes twenty three of these are already under construction, with 4 models of houses to choose from and only six months development to final delivery. We invite you to visit our project in Gorgona yourself, so you can enjoy a pleasant moment and also the beautiful verdant landscape where you can also enjoy the beach and the sea. The project has been funded by the Banco Universal in Panama City, which provides stability and security for the progress of the work and the development of the project, and the start of the construction of the clubhouse. There are houses completed right now, available and ready for turn-key delivery.

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Beachfront Land For Sale in Panama - In Juan Hombrón?!?!?

Real Estate#Panama - By DON WINNER for Panama-Guide.com - This morning a concerned reader wrote via email to let me know they had discovered beachfront land for sale being advertised on encuentra24.com located in the area of Juan Hombrón. Their question: "Are these lots part of the land object of the scandal? I checked out the lead and discovered in fact the same parcel of land is being advertised twice by two different real estate agents - one of them here for $100,000 dollars and the second one here, this time for $130,000 dollars. If you look closely at both adds you will see it's the same land, same photos, etc. I called Vivian Sánchez, the real estate agent representing the property in question in one of the ads. She told me this property doesn't have anything to do with the ongoing land scandal over land titles created in an irregular manner in the same area. She said this land was purchased and titled by a Korean gentleman a long time ago. She said the land is in fact titled and not Rights of Possession, and the land title was issued a long time ago. She said the land in question in the scandal is in another area, and again, this plot of land is not involved in any way in the scandal. So, if you want 800 meters of beachfront in Juan Hombrón you can probably get it for about $100K or less. Just make sure you do your proper due diligence to verify what Vivian Sánchez told me. Happy hunting, just remember to keep your tail down and your head up.

Copyright 2011 by Don Winner for Panama-Guide.com. Go ahead and use whatever you like as long as you credit the source. Salud.

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Costa Esmeralda Beach Villa - Open House This Saturday

Real EstatePanama Equity Real Estate chose to represent the Costa Esmeralda Beach Villa as a new addition in our agency’s luxury property fleet because it delivers unmatched characteristics of ultra luxury, privacy, and a 20 year tax exoneration, all within close proximity to Panama City,” says Kent Davis, Sales Manager. “We are pleased to announce that we have improved our property portfolio with arguably the nicest Villa for sale on Panama’s Pacific coast. It is an absolute honor to represent Panama’s most spectacular properties.”

Panama Equity is the only boutique real estate agency in Panama with properties and agents in all the nation’s major hotspots. It represents hundreds of repeat buyers from across the globe and an ever-evolving database of Panama’s best-valued investments.

The Costa Esmeralda Beach Villa is as distinctive as it is vast. Located in the exclusive community of El Cortijo, less than 5 minutes from Coronado, its Balinese theme décor is the ultimate compliment to its infrastructure and views. Set on more than1/2 acre of land, each of the 5 bedrooms open out onto the villa’s 35-meter vanishing-edge pool offering unobstructed Pacific Ocean views. The villa boasts vaulted ceilings, imported furnishings, a helicopter pad, separate guesthouse, and a private beach.

“Selling the Costa Esmeralda Villa allows us to further our pursuit for Panama’s most elite and affordable properties,” says Carlos Ruiz, sales agent with Panama Equity Real Estate. “I have been selling real estate in Panama’s beach and mountain areas now for 8 years and I can’t say I’ve ever come across a property like this.”

The Costa Esmeralda Beach Villa is an especially unique property for sale because so few luxury properties are ever traded-hands in the Coronado region: Panama’s largest developed beach area complete with shopping malls, grocery stores, and medical facilities. This distinct property is set within a community of merely 13 homes and thanks to its 20-year tax exoneration, the Villa’s only upkeep is around $220/month in neighborhood fees.

How Can You See It? 
Panama Equity Real Estate is showing the Villa on a first-come first-serve basis. This Saturday, October 29 th, Panama Equity is also hosting an open house from 1pm – 5pm. To get an invitation and map, RSVP to Kent@Panamaequity.com or visit their Casco Viejo office location. For complete property information, http://www.panamaequity.com/listings/costa-esmeralda-dream-home/

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Martinelli Appoints Franklin Oduber As New Director of ANATI

Real Estate#Panama - The president, Ricardo Martinelli, appointed Franklin Oduber B. on Tuesday as the new General Manager of the National Authority for Land Management (Anati), the controversial institution embroiled in the land titles scandals of Paitilla and Costa del Este. The new general manager of the ANATI will be in charge of the position recently vacated by Alejandro Castillero, the presidency said in a press release. On August 29, Eladio Ostia Pravia was appointed by President Martinelli as the Deputy Administrator of the Anati. (Estrella)
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Bait, Switch, Snatch, and Grab... a.k.a "Common Real Estate Practices in Panama"

Real Estate#Panama - By DON WINNER for Panama-Guide.com - Received this morning via email: "Hi Don. I've been a regular reader of your blog for over 5 years and remember some articles about developers squeezing buyers out of their contracts at the 11th hour. Well, I now find myself in this position. The developers argue that the contract is now void because I haven't presented them with the "carta irrevocable de promesa de pago", even though they had communicated to buyers that the alternative would be to pay another 20% by November and the rest upon delivery. I'd value your thoughts on this. Many thanks and please keep those preciour articles rolling! Regards, P."

Editor's Comment: OK, here's what happens. The developer has to sell units at "preconstruction" prices in order to raise the funding to build the project. Once they have about 50% of the project sold, the banks will lend them the money to build it, based on the potential sales value represented in those contracts. They get their loan, and they build. However after it's been built, now the building actually exists, and it's worth a lot more than what they sold it at originally, at the "preconstruction" price. Therefore, the builder wants to find ways to make you go away. If they can "trick" you into not complying with the terms of the contract, then they can easily argue in court that you didn't fulfill your end of the bargain, and you will lose.

A "Communication" is not a "Contract" - Many people make the mistake of thinking that every telephone call or email from the developer carries legal weight. In most cases, they carry no legal weight at all. In court, a judge will look first and foremost at the details stipulated in the contract. The really easy question is - Did you comply with the payment schedule and requirements as stipulated in the clauses of the contract, or not? If not, then you might be screwed.

A Little Leverage Goes A Long Way: The good news is that most of the time the developer isn't really looking to completely screw you over. They are just hard nosed and experienced businessmen who are trying to generate negotiating leverage. Meaning, once they tell you they are not going to honor your contract because you didn't give them an irrevocable letter of payment on a specific date or whatever, their real intent is to get you scared, make you nervous, and to squeeze the difference out of you (the "preconstruction" price vs. the current market value.) And generally, your choices are to hire a lawyer and fight in court for thousands of dollars and no guarantee of winning, or spend those same thousands of dollars to negotiate, close the deal, and get your property. Which one are you going to take?

Ethics and Morals? Forget About It: This is a game being played with literally billions of dollars at stake. The "little guy" is the individual buyer, and the playing surface is not level because the developers have built and sold thousands of units. They have all of that built up experience, knowledge, intelligence information, and wisdom - and they are going to use it against you. What do they want? Money. Your money. Will they rot in hell for being greedy? Maybe. Maybe not. But whatever, they don't care if you're pissed off. Your chances of buying from them again are zero. And they will just find the next guy to piss off. It's been working for millennium. In the year 4025, the owner of www.mars-guide.com will probably get a very similar email. My advice - understand what you're looking at and what you're dealing with, then sit down and negotiate an "out" that's the best "win-win" you can get to. Best of luck.

Copyright 2011 by Don Winner for Panama-Guide.com. Go ahead and use whatever you like as long as you credit the source. Salud.

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Great value on the road to El Valle, 8 km from Pan American highway

Real Estate Casa Villa Azul, now for sale at $265,000 is a beautiful ocean view home with a total construction area of 420 m2 located on the road to El Valle, in the Vista Valle Designed Community of over 70 building sites, located 100 km (60 miles) from downtown Panama City. This is one of the great real estate listings that can be found on Panama Casa Realty’s web site.

This gorgeous home, the first to be built in Vista Valle (an eco-friendly project), was custom designed and built with care using only quality materials. The open floor plan consists of a very livable overall area of 420 m2 (4520 ft²) with 253 m2 (2723 ft²) of air conditioned living space, surrounded by a covered outdoor deck of 125 m2 (1345 ft²). The two private master bedroom suites and an additional en-suite guest bedroom each have a balcony or terrace from which you can enjoy beautiful views of rolling verdant hills all the way to the Pacific Ocean. There is an enclosed two car garage. (more)

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