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Country Information
Panama

Standards
Road Traffic:right side
Electricity:
Voltage:110V*
Frequency:60 Hz
Plug types:A, B,
Note:*Panama City 120V
TV Systems:
System:NTSC M
DVD-Region: 4
Geography
Location: Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica
Area:
total: 78,200 sq km
land: 75,990 sq km
water: 2,210 sq km
Climate: tropical maritime; hot, humid, cloudy; prolonged rainy season (May to January), short dry season (January to May)
Terrain: interior mostly steep, rugged mountains and dissected, upland plains; coastal areas largely plains and rolling hills
Economy
GDP: $22.76 billion (2005 est.)
GDP growth rate: 6.4% (2005 est.)
GDP per capita: $7,200 (2005 est.)
Inflation rate: 2.9% (2005 est.)
Currency: balboa (PAB); US dollar (USD)
Exchange rates: balboas per US dollar - 1 (2005), 1 (2004), 1 (2003), 1 (2002), 1 (2001)
People
Population: 3,191,319 (July 2006 est.)
Growth rate: 1.6% (2006 est.)
Religions: Roman Catholic 85%, Protestant 15%
Languages: Spanish (official), English 14%; note - many Panamanians bilingual
Government
Capital:
name: Panama
time difference: UTC-5 (same time as Washington, DC during Standard Time)
Independence: 3 November 1903 (from Colombia; became independent from Spain 28 November 1821)
Note: Information on Panama was mainly sourced from CIA's World Factbook and may represent an American point of view. To learn more about Panama, please visit one of the links below.
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Condominiums for sale in Panamá, Panama
Pre-Release Prices on Oceanfront Propety with Luxury Amenities
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| Property: | Condominiums |
| Area in sq. feet: | 387,50 |
| Price in USD: | $193 600 - $281 600 |
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Overlooking the Pacific Ocean, the Plaza Costa del Este is located in Panama’s hottest residential district: just minutes from downtown Panama and the Tocumen International Airport, residents will enjoy the tranquility and luxury of ultimate living, with access to all of Panama City’s finest amenities and the tropical beauty beyond. Developed by A2SN, a development group responsible for many of Panama’s most successful projects, the tower will combine luxury two-storey lofts, condominium apartments, as well as 150 five-star boutique hotel quarters for the high-end traveler. The Plaza Costa Del Este will be the first Hotel and Residential project to be completed in this area and will have unique features that no other similar venture has In Latin America. The outstanding design features, facilities, beach club access and personality make this the “must have” project for Investors and Residents from around the world. With returns of 10% + per annum it has already attracted investors eager to realize their dreams. A “Deluxe Boutique Hotel”, the Hotel will be rated under the Five Star categories, part of international “Deluxe Hotels” and managed by an International Hotel Management company. Owners individual rooms are signed up over several years operated as a Hotel, whereas Owners will have certain time to stay in units free. Owners will receive an exiting investment return on their purchased units and are being part in the profit sharing of the Hotel Operation. The hotel will be managed by a member of the Octagon Group, a well known international Hotel Development and Operation Company, which has over 20 years experience in various countries around the world, specialized in high-end hotels and resorts. There is a 98% occupancy in the hotels in Panama and there is a shortage of 26,000 rooms. There occupancy is full all year around.
Property Highlights
contemporary, air-conditioned open-loft 3 meter ceilings individual balconies I-Pod stations with I-Pods to rent at fr new wave kitchens including refrigerator Microwave wet-bar coffee and tea maker Aromatherapy features in Rooms Asian designed bathtubs and bathrooms wireless internet services in all lobby 24 hour check out and check in service interactive lobby with online informatio clinic for medical check-up Oxygen Bar
| diet consulting rejuvenation planning Asian Spa Aromatherapy center Arjuveda chambers Interactive Movement Center dance center running track plus weekly exercise progr zero edge pool area with beach character Las Vegas style bar with evening enterta Sky Lounge with Astro-view features and business center with Internet plasma scr parking garage with surveillance cameras in-house grocery and farmers market airport transfer services and Panama sig |
Picture Gallery
Options
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New World Property
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Office No. +1 484 952 1956 |
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| Listing No. | 27461 |
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| Bedrooms: | 1 |
| Baths: | 1 |
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More listings from New World Property
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Panama Real Estate
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