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Los Faros - PanamaExpertRealEstate.com

Property Profile

Start of Construction :

September, 2006

Closing Dates :

2009

Architect :

Chapman Taylor

Builder :

TBA

Developer :

Grupo Mall

Property Details

Apartment Sizes :

14 Apartments per Floor:

100 mts2 / 1076.4 SqFt. (2 bedroom)
143 mts2 / 1539.252 SqFt. (4 bedrooms)
146 mts2 / 1571.544 SqFt. (3 bedrooms)
71.5 mts2 / 769.626 SqFt. (1bedroom)

Exposure :

Ocean View

Ceiling Height :

3.20 m

Appliances :

Not included

Air Conditioner :

Not included

Parking :

2 parking spaces / apartment

Amenities :

Bar	Basketball Court
Casino	Gym
Lounge / Piano Bar	Raquetball court
Restaurant	Sauna
Security 24/7	Social Area
Spa	Swimming Pool
Tennis Court	Volleyball court

Maintenance Fees :

$ 1.50 per m2

Property Taxes :

Tax exemption from 5 to 20 years

Payment Schedule :

Reservation fee of $10,000.00 due upon sales agreement
15% due 25 days seperation
15% due after 12 Months

Property Description

Located in Panama City 's Punta Pacifica district, Los Faros de Panama overlook spectacular views of the bay, the Panama Canal and the mountains, while just minutes to the city's business district, the John Hopkins Hospital and Tocumen International Airport.

Spanning more than three hectares (eight acres), Los Faros de Panama will include some 2000 luxury residences up to 142 square meters (1530 square feet), and a five-star, 300-room hotel.

The first of three dazzling postmodern towers, designed by leading U.K. architects Chapman Taylor, is set to be completed in 2009. Soaring to more than 1135 feet (346 meters) in height, Los Faros de Panama will boast one of the world's tallest residential towers.

Grupo Mall, the Spanish consortium behind the ambitious development, held to its standard of environmentally-conscious construction, using recyclable materials, and wind and solar power to supplement energy needs.

The mixed-use project also features a waste treatment plant, and an automatic household waste and recycling collection system.