Real Estate News

According to Article 81 of Law 6 of 2005, as amended by Law 34 of November 9, 2005, improvements whose construction permit was issued on or after September 1, 2006 are exempted from paying property tax, based on the following table:

Ley No. 29 - Intereses Preferenciales (Del 2 junio de 2008). Que reforma artículos del Código Fiscal y de la Ley 3 de 1985, como medida de apoyo al consumidor, y dicta otras disposiciones. (294KB – PDF)

Panama City. Bidding for the study, design and construction of the road to Santa Isabel Cuango in Costa Arriba of Colon was awarded to a consortium Panama RPL-CSI to bid worth U.S. $ 19.5 million.

The evaluation committee scored with 98 points the proposed capital consortium with Venezuela and Panama.

Residents of Miramar, Santa Isabel, Viento Frio and Nombre de Dios, ask for promotion of the coast. On the contrary, the road plan will do little.

10/19/2013 - The RPL-CSI Panama consortium of Panamanian and Venezuelan capital have won the bid for the construction of the millionaire road from Cuango to Santa Isabel, along the coast of the province of Colon.

Decameron Group is waiting to start the construction of the road between Cuango and Santa Isabel, in the province of Colón, to give green light for hotel project on the Atlantic coast.

The 320-room hotel would be located in Punta Cocoye, in the town of Santa Isabel and represent an investment of 50 million dollars in the first phase. Jorge Loaiza, adviser to the president of Royal Decameron, said that once work begins on the road, the company will start the construction of the complex to be developed on a parcel of land of 400 acres.