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A short article in La Prensa today has the association of real estate brokers stating that certain areas of the city have an oversupply of apartments. Of course they blame the speculators as if the agents did not
know they were selling to them when they where buying two or more apartments at a time.
When Panama Pacifico was announced several years ago it
appeared to be a fantastic opportunity due to the existing infrastructure at the old U.S. base and the size and reputation of London & Regional who won the concession to develop the property. They committed over $700 million into making this a dream project for both the company and Panama.
We had a nice couple, Kathy and Lyle Neigenfind, visit our sales office this week and they shared an interesting experience they had in the city a few days earlier. When I heard
their story I asked them if I could publish it with their photo they had taken with the President.
I was pleasantly surprised to read this article in La Prensa today where the special commission in charge of developing the strategy in dealing with the OECD have decided to take a stand. Seems Panama will hold firm to it's
position and only do what is beneficial for Panama.
If you have not seen this video yet, I encourage you to do so. A number of readers sent it in to me and although it has little to do directly with Panama investment, it does affect all of our lives. Over 7.5 million views to date and growing
rapidly. Could one strong articulate voice be enough to persuade Americans to wake up to reality? We shall see.
Panama Pacifico is the exciting 1,400-hectare redevelopment on the site of the former U.S. Howard Air Force Base into a major new community in Panama with a variety of uses including corporate headquarters, call centers, offices, logistics facilities, new homes, a championship golf course, hotels, retail, schools, health center and other amenities. |
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Prima Panama PO box 87-2100 Plaza Concordia Zona 7 Panama City, Other 0000000 Panama |
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