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Tuesday, October 23 2018 @ 02:42 AM UTC

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XIX CAPAC Expo Habitat 2006 at Atlapa 20-24 Sept

Real Estate The Panamanian Chamber of Construction (CAPAC) will be hosting the XIX CAPAC Expo Habitat 2006 at the Atlapa Convention Center in Panama City, Panama. More than 250 exhibitors are participating in the event which starts on Wednesday 20 September and runs through Sunday 24 September 2006. The event will be open from 4:00 pm - 10:00 pm on Thursday and Friday, and from 2:00 pm to 10:00 pm on Saturday and Sunday. (Editor's Comments: This is one of the larger expositions of construction projects, real estate promoters, developers, and industry related material and service providers in Panama.)
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Bienes Raices & Seguros Carles - Your Full Service Buyer's Agent in Panama

Real Estate Felix Carles is a founding member of ACOBIR, Panama's national real estate association and is President and Owner of Bienes Raices & Seguros Carles, SA. Mr. Carles has been in real estate for over 25 years and is actively involved in real estate issues related to Panama's "reverted lands", which refers to the land and facilities surrounding the Panama Canal that were in recent years transferred from the USA to Panama. Mr. Carles is past-president of the US-Panama Business Council and is actively involved in the American Chamber of Commerce of Panama and the Urban Land Institute. Mr. Carles is active in various associations in Panama and promotes cross-border real estate investment with the USA and Panama. Felix and his daughter Gabi are both perfectly bilingual, and their extensive list of repeat customers and referrals from satisfied clients are a testament to their commitment to excellence and professionalism.
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If You're Going to Throw Rocks, At Least Take Off the Mask...

Real Estate Last month someone launched a serious smear campaign against the Red Frog Beach development in Panama. I try to follow the projects but there are so many that it's hard to keep track. The Red Frog development has been taking flack recently thanks to striking construction workers and environmental protests. The developers recently held public hearings to begin the process of applying for approval from Panama's National Environmental Authority (ANAM) to begin construction on the second phase of their project. In general I am pro-business and support development as long as it's done according to law. It is the responsibility of the government to establish environmental law, review and approve plans, and then enforce the law and apply corrective measures when necessary. Environmental activists use the media to generate negative messages to impede development, and there are those who feel that the only good development is no development at all. The part that I really, really don't like is the tactic of slinging mud and stones from behind a mask of anonymity. (more...)
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Red Frog Beach Club - Getting Smeared in the Press

Real Estate (Source: Panama America) The Ombudsmans Office opened an investigation against Red Frog Beach in Bocas del Toro in response to complaints from local residents. According to the complaint the company uses boats with outboard motors that generate wakes that are dangerous to their children who go to school in cayucos. (Editor's Comment: This is about the fourth time that I've seen a short piece saying that someone has made a complaint against Red Frog and an office responding by saying "we're going to investigate." But when I follow up and contact those offices I'm told that Red Frog is in total compliance with the law and that there is no investigation underway. What's more, with regards to the labor issue and SUNTRACS, Red Frog was paying their workers more than required by Panamanian law, a signed labor agreement in place with workers, and had won a legal decision from the government in their favor. But they still ended up getting the short end. I have yet to see anything indicating the Red Frog project is violating any law. As far as I can tell they are straight-up, getting smeared, and simply losing the PR war.
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Seminar on Boquete at the Expat Center on Saturday

Real EstateTom Byrne just called to let me know they will be hosting a real estate seminar on Boquete at the Expat Center this Saturday afternoon. If you're thinking about Boquete, here's your chance.
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Trump Ocean Club in Panama City

Real Estate Miami, FL (PRWEB) August 29, 2006 -- PanamaRealEstateNOW.com is pleased to announce its inclusion in the first Panama real estate project launched by the Trump organization. The firm, dedicated to giving online information to consumers regarding the latest and most desirable pre-construction projects in the booming Panama real estate market, has announced its recent inclusion of one the most spectacular developments to date in the world, the Trump Ocean Club. Buyers registering through www.PanamaRealEstateNOW.com will have access to VIP pricing and first choice of units in this landmark oceanfront property. The project was announced by Mr. Donald J. Trump and Mr. Roger Khafif, President, K Group. Trump Ocean Club will be the new benchmark in high-end real estate in Panama. The 1.8 million square foot, $220 million project, will boast a 65-story condominium tower with approximately 300 hotel condominium units and an additional 500 condominium units, an international casino and private beach club on Contadora Island. The Trump Ocean Club will also feature other amenities including a yacht club and pier, world-class wellness spa, state-of-the-art gym, pool deck, full-service meeting and event spaces and a business center.
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The Sky Is Falling - Buy Now Before It Does?

Real Estate There will be more than $3 billion spent to build new apartment buildings of 20 floors or more creating almost 11,000 with average prices that are 8.9% higher than those in the United States, according to Prima Panama. The sharp rise of local prices has been caused in part by increasing foreign demand, particularly now that the housing market in the United States is cooling. The speculative bubble has gotten to the point that investors are buying apartments wholesale. "It is not a exaggeration to say that they are buying a half-dozen or more," said Shoshana Levy said, the president Inversiones Panamá Florida. The demand has left some companies with little to offer clients who are really looking to live in Panama but are left with no other alternative than a waiting list. Levy estimated that more than 50% of sales go to speculators. The tendency is being seen in other countries of Latin America, said Elda Sansón, president of the Panamanian Association of Real Estate Brokers and Promoters (ACOBIR) which pegs the rate of speculation sales closer to 20%. City planner Alvaro Uribe describes the phenomenon like a sale of illusions, where promotions reign and projects are promoted that don't even have financing. "It seems like a pyramid scheme in which somebody puts a dollar so that the others put the rest".
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MICI Delays Real Estate Exam

Real Estate The Ministry of Commerce and Industry posponed a scheduled general knowledge exam to qualify aspiring real estate agents until 10 October 2006. The Technical Board of Real Estate of the MICI made this decision in a recent board meeting. The 45 day delay was required because they are currently in the process of updating and changing the exam.
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Tucan Country Club & Resort Breaks Ground on Residences

Real Estate Construction has started on the Tucan Country Club & Resort, a 180-acre, private, gated golf community forever protected by a living rain forest on one side and the shimmering Panama Canal on the other. This breathtaking hilltop site is just 15 minutes from Panama City, the cosmopolitan capital of the country. Every luxury is yours: world-class golf, tennis, swimming, a full-service spa, gym, restaurants, plus meeting and activity rooms. Just down the road are white-sand beaches of the Pacific Ocean.
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Panama: So hot right now

Real Estate By Jayne Clark, USA TODAY PANAMA CITY — Retire in paradise for pennies a day! Could there be any sweeter-sounding words to a baby boomer pondering an exit from the fast lane? The first wave of 79 million U.S. boomers is turning 60 this year. Boomers are retiring earlier than did previous generations. They have unparalleled spending power. They're looking for the Next Great Place. And some tour operators are happy to show them the way. Which is what has brought Darby Ragle, 45, and Tom Singer, 57, of Vienna, Va., and 50 or so other kindred souls to these red-tile-roof model homes in a treeless gated community on the outskirts of Panama City. "We're trying to get away from the politics. The rat race," says Singer, who is retired from IBM. "And terrorism," says Ragle, the owner of a printing business who plans to retire in five years. "Prices are going up. There's this feeling that we've got to do it now." Indeed, there's a sense of urgency among many of the 160 or so mostly North Americans attending this three-day "Live & Prosper in Panama" seminar. They've paid $895 to listen to topics such as "Paradise Within Reach" and "Ultra Luxury Lifestyle Made Possible in the Tropics." For another $175, they can stay overnight at a beach resort, and for an extra $40, they can take a city tour.
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