| Sell Price: |
|
1404000 |
| Location: |
|
Torio de Santiago
Santiago
Veraguas
Panama |
| Property Type: |
|
Investment/Development |
| Property Details: |
|
If you are looking for an excellent long-term development property at a very attractive price, you won't do any better than this 104 hectare (260 acre) property, currently used as cattle farm, with remarkable ocean views, capable of being subdivided into a large number of residential lots, each with its own view of the Pacific.
The Torio area is one of the emerging development regions of Panama, notable for its spectacular ocean views from hills sloping gently toward the Pacific. This property is separated from the ocean by a good paved road leading to the provincial capital Santiago, about 1 hour away. There are excellent public beaches nearby.
Torio already has two residential developments which have started selling ocean view lots. Two other large parcels of land have been purchased for development by foreign owners.
This is a good opportunity to get into an area of Panama where prices are still low, but which is likely to see considerable development and price appreciation over the next 3-5 years.
We rate this property as one of the smartest and best development opportunites in Panama.
Priced at $1.35 per square meter, the property is a fraction of the cost of similar properties in other comparable areas such as Boca Chica or Pedasi, but we believe the Torio region will develop steadily and currently offers some of the best medium to long-term development opportunities in Panama. |
| Web Site: |
|
http://chiriquicoastal.com |
| Date Published: |
|
12-May-2010 |
| Date Updated: |
|
12-May-2010 |
|
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