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OCEAN REEF - THE PALMS - APARTMENTS - FOR SALE

PERMANENT RESIDENCE AND CITIZENSHIP IN PANAMA THROUGH REAL ESTATE INVESTMENT

Did you know that permanent residence in Panama through real estate investment is possible? Applicants must purchase real estate valued at USD$ 300,000.00 or more (plus fees). The minimum amount will increase to USD$ 500,000.00 after October 16, 2022. The investor and family can apply for citizenship after five years of permanent residence in Panama.

ITHLUX and our team of professionals offers several real estate projects that qualify for the program, in addition to provide the complete package to support you and your family in this process (legal, immigration, tax/accounting, insurance, among others). Contact us! Take advantage of this opportunity and book your visit now or request additional information!


OCEAN REEF


Panama - bridge of the world and heart of the Universe. It transports you to incredible destinations: Las Perlas Archipelago, San Blas, Coiba Island, Piña Bay.


Emerging from the sea: Ocean Reef Marina & Yacht Club. In the center of the Americas, the most recent landmark of Latin America was born. An exclusive international destination for luxury yachts.


That place you imagine exists, facing the sea within the city. An exclusive style for you!


Ocean Reef Islands are the first human-made residential islands in Latin America. An exclusive community of 137 residential lots developed in Panama City, facing Punta Pacifica.


THE PROJECT:

- Consists of two (2) islands
- Low-density lots facing the sea, for use by up to 6 families per lot and up to 6 levels (ground floor + five upper floors) and a semi-basement.
- Elaborated design guides, in conjunction with EDSA, govern all the properties of the islands that guarantee the language and eminence of the residences.


THE PALMS:

Nestled in a privileged location of Ocean Reef Islands lies The Palms Beach Resort, where the palm trees sway in the wind and give shade to prominent poolside amenities, games and cabanas, giving the opportunity for residents to enjoy a morning yoga session, a book, sightseeing dolphins in The Lookout or enjoy a glass of wine while enjoying the sunset colors and ocean breeze.

Live your best life, the best of both worlds, a private beach enclave in the center of the city with a vibrant dynamic lifestyle just steps away from your own haven.


OCEAN REEF AMENITIES:

- Gardens and parks
- Swimming pools
- Tennis court, multi-purpose court, paddle tennis court, volleyball, squash court
-Watersports
- Restricted access 24 hours, supervised by a security team that guarantees security and privacy
- Heliport
- Yacht Club and Marina – About 200 berths for yachts up to 200+ feet
- Restaurant
- Bar-Lounge
- Roof Top Terrace
- Oceanfront decks
- Meditation and yoga area
- Cabanas
- Recreational areas for children
- Recreational activities for adults
- External kitchen and BBQ area
- Beach area
- Gym
- SPA and Massage
- Sauna
- Fishing


PRICES: Upon Request


Take advantage of this opportunity and book your visit now or request additional information!


Why live or invest in Panama?

1 - Stable economy with the US dollar as currency. Second largest economy in Central America and the fastest growing economy. Second most competitive economy in Latin America according to the World Economic Forum's Global Competitiveness Index.

2 - Strategic geographical location, privileged and free of natural disasters, located on the isthmus that connects North and South America, bordering Costa Rica, Colombia, the Caribbean and the Pacific Ocean, with a tropical climate throughout the year.

3 - International banking and financial center: strong banking system - in the last 20 years, mergers, transformations and incorporations of new banks have regulated and resized the sector. Panama is today one of the most important financial centers in Latin America and the world.

4 - The territorial tax system that exempts from taxes the income obtained outside the country, constitutes the main attraction for companies and individuals from all over the world to find a tax solution in the country.

5 - Political and legal stability. Panama's legal system was developed to encourage, support and protect foreign investment. The Constitution of Panama and the Foreign Investment Law grant the same rights and guarantees to foreigners in matters of property, investment and trade.

6 - Excellent quality of life and safety. It is among the cities in the world with the highest quality of life, as well as being one of the five best places to retire in the world.

7 - Medical services with high technology and international prestige, world-class communications infrastructure and excellent private schools.

8 - Panama is the Logistics Hub for Latin America and the Caribbean, by air, land and sea - World-class logistics platform, operating directly with 152 ports and 54 countries, being the gateway to Latin America.

9 - More than 5% of world trade transits through the Panama Canal, with 160 client countries and 144 maritime routes, obtaining a great profitability and attracting investors from all over the world, particularly from the real estate sector. GDP is expected to grow by nearly 20% as the Panama Canal expands and the consequent increase in traffic and new flows of ore, gold and copper, driving growing demand for real estate.

10 - Tocumen International Airport: It is the largest and busiest airport in Central America, with flights to 89 destinations.

11 - Stable Real Estate Business - Investing in dollar-listed real estate remains a safe investment bet. The real estate industry offers a wide range of projects with a price/ quality ratio well above average and with great growth prospects.

12 - Panama has a diversified plan of special visas that allows tax exemptions for foreigners who reside or invest in the country, among which the Friendly Countries Visa stands out, with privileged conditions of access to Panamanian residence and citizenship: South Africa, Andorra, Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Costa Rica, Croatia, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Ireland, Israel, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, San Marino, Mexico, Monaco, Slovakia, Spain, United States of America, Norway, New Zealand, Netherlands, Paraguay, Poland, Portugal, United Kingdom, Czech Republic, Serbia and Montenegro, Singapore, Sweden, Switzerland, Taiwan, Uruguay.

Property Features


  • Central Heating
  • Air conditioning
  • Under floor heating
  • Fireplace
  • Suites: 2
  • Social bathroom: 1
  • Playground: si
  • Gymnasium
  • Sauna
  • Indoor Garden
  • Indoor terrace
  • Terrace: si
  • Roof terrace: si
  • Garden: si
  • Balcony: si
  • Piscina: si
  • Tennis Court
  • Children's park
  • Garage box: si
  • Private condominium
  • Number of floors Building: 6
  • Total area: 127
  • Gross Dependent Area: 127
  • Rooms: 2
  • Storage: si
  • Double glasses
  • Security alarm
  • Security / Surveillance: si
  • Lift
  • Sea view
  • Unobscured view
  • City View
  • Walking distance to beach
  • Parking space: si
  • Parking off street: si

Location


Distrito de Panamá - OCEAN REEF - Panama

Sale price 1 $

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Ref: ITH976

  • 2
  • 2
  • 127 m2
  • 127 m2
  • 127 m2
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António Almeida

António Almeida

Mobile: +507 6030-9225

Email: antonio.almeida@ithlux.com

Know more
António Almeida

António Almeida

Mobile: +507 6030-9225

Email: antonio.almeida@ithlux.com

Know more

Enquire


Ref: ITH976

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