Beach Service (available) , Golf nearby, Lake nearby, Lake View, Ocean nearby, Ocean View, High-rise buildings, Low houses , Near Bus Stop , Near Subway , Parking Lot , Disability Access , Laundry , Swimming Pool , Skating ring, Fitness Center , Walkup , Near the river
Beach Service (included), Charcoal Grill, Covered Parking, Elevator, Fireplace, Fitness Center, Garden, Gas Grill, High-Speed Internet, Jacuzzi, Lanai, Patio, Pool, Sauna, Spa/Hot Tub, Terrace, Water supply, Hot water and heating, Canalization , Electricity, Telephone line, Satellite TV or Cable TV , Electronic Security , Security , Billiards room, Gym, Balcony/Deck, Bathhouse
Appliances:
Alarm Clock, Blender, CD Player, Coffee Maker, Dishwasher, DVD Player, Freezer, Iron and Board, Microwave, Phone, Radio, Refrigerator, Air conditioning, Stereo, Toaster, TV(s), VCR Player, Washing machine, Drier
Property Description:
PRE-RELEASE PRICES ON OCEANFRONT PROPERTY WITH LUXURY AMENITIES
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.
Special and unique features include contemporary, air-conditioned open-loft designs with 3 meter ceilings and individual balconies, I-Pod stations with I-Pods to rent at front desk, new wave kitchens including refrigerator, microwave, wet-bar, coffee and tea maker, Aromatherapy features in rooms, and Asian designed bathtubs and bathrooms,. The hotel amenities include wireless internet services in all lobby areas, 24 hour check out and check in service for all units, interactive lobby with online information about flights, rental cars, weather, tourism offers, restaurant reservations, and sports and activities around the world. The cutting edge therapeutic Health Center includes a clinic for medical check-up, Oxygen Bar, diet consulting, rejuvenation planning, Asian Spa, Aromatherapy center, Arjuveda chambers, an Interactive Movement Center (Fitness Center of the new Modern Art) and dance center, running track, plus weekly exercise programs. Refresh yourself in the zero edge pool area with beach character and live palm trees., or take a drink at your choice of the Las Vegas style bar with evening entertainment or the Sky Lounge with Astro-view features and telescope. Owners and visitors alike will appreciate the business center with Internet plasma screens, parking garage with surveillance cameras, in-house grocery and farmers market, airport transfer services, and Panama sightseeing tours.
Property Tax: 10-15 years tax exempt
Payment Schedule :
- 10% on signature
- 10% beginning of construction
- 10% 9 month after the start of construction
Construction begun January 2008, estimated delivery early 2010
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