More Development in Panama

A new, $1.5 billion Panamanian development is underway, according to a representative of the project.

La Estrella reports that the Isla Saboga Project is moving aggressively ahead, despite the current beleagured economy. According to Armel Gonzalez Mauhs, the representative of the project, the company is investing roughly $20 million and taking necessary measures to set up a proper infrastructure that includes water, road and sewer systems. By doing so, the company believes it will attract established property developers.

The new development will be environmentally-friendly and is described as “an island paradise that will have hotels, restaurants, houses, condominiums, spas, a marina, a yacht club, a country club and a beach club”.

The development in Panama has stretched to the beaches, mountains and jungles. New projects are indicative that the growth is still to be had in Panama!! Check out our ocean view and mountain view properties for sale at panama-land-for-sale.com! Learn about moving or retiring to Panama!