In every property cycle, opportunities emerge that we kick ourselves for missing. The market turns and suddenly we all wish we had invested in that special project at price levels that were available in a short window.
Buying during the pre-construction phase of quality projects traditionally represents the biggest opportunity for capital appreciation. Developers offer pricing that will never be seen again, as they raise capital.
In Panama, several current projects check all the boxes for pre-construction opportunities. Pre-construction deals always include a measure of risk – we are all familiar with the horror stories – but these projects evaluated by Global Property Systems & Panama Partner, Punta Pacifica Realty have all the elements for successful development.
Several factors are always key in evaluating pre-construction offers. Perhaps most importantly, it starts with the developer. Do they have a track record of delivering projects? Do they have strong ties to the community?
It’s also important to examine the quality of the project. Does it have all its permits? Is the location and level of quality strong enough to attract buyers? Will it be a place where people want to live?
From an investor standpoint, Panama has made great strides in protecting the rights of buyers. And there is no denying the pre-construction upside. Payment structures make investing easier and, beyond prices, you often have access to some of the best units in the units.
Panama City is going through a period with several projects offering pre-construction deals, reflecting the confidence of developers and the financial community in the market’s long-range prospects.
Coco Place is the first of these investment opportunities. Located in an oasis in the heart of Coco del Mar, one of the city’s most prestigious residential areas. The 12-story building offers the amenities and lifestyle found in top resorts, with a rooftop yoga studio, complete gym, sauna, and solarium. Designed by the prestigious architect firm Mallol & Mallol, Coco del Mar offers an atmosphere of tranquility and relaxation, minutes from the top restaurants, nightclubs, financial institutions, and shops, as well as Parque Omar, the largest park in the area.
Coco Place was developed by Grupo Los Pueblos, one of the most respected developers in Panama City, with more than 32 years of experience in delivering quality projects. Coco Place was specifically designed to cultivate a healthy and relaxed lifestyle, at attractive prices for investors, young families, and executives. Coco Place is designed around two tall central atriums, which fill the building with natural light. The atriums include co-working areas, supporting the independent business.
Every amenity has been carefully planned to support the work, live, and play lifestyle in one of the city’s great neighborhoods. Check out the visual tour of the artist’s renderings by clicking on the link below.