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Why I bought on Ocean Reef
As an international real estate investor looking for a Plan B in Panama or a capital investment, the exclusive real estate project “The Palms” on Ocean Reef is an excellent choice. I myself have purchased on Ocean Reef and would like to share my motivations for buying to help you in your purchase decision. These are my motivations for buying an apartment on Ocean Reef.
The following video gives a first impression of this special construction project.
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Uniqueness
The Ocean Reef Islands are the most exclusive and beautiful real estate project in Panama and unique in Latin America. The supply is inherently limited by the “island” location of the project and no third island may be built. This uniqueness naturally has a major impact on the current and future price trends of Ocean Reef real estate.
Sold out soon
Apartment sales are moving quickly. “The Palms” is the last project of this kind on Ocean Reef because there are no more large lots that could be developed. Prices are rising, and I was eager to secure an apartment on Ocean Reef for my family in this unique project for the future. As an investment and plan B.
147 sqm apartments
The 147 sqm apartments offer the most affordable entry to Ocean Reef. They are efficiently sized, each with two bedrooms and parking spaces, and are flooded with light from the glazed living room and bedrooms. The apartment is large enough for a family. Four apartments of this model are still available as of June 2023 and I bought one of these.
Location & Beach Feeling
The location by the sea with morning sun and the beach feeling provides tranquility in the middle of the metropolis. There is a large pool area with a beach club that provides relaxation. It is not too hot in the afternoon and the beach feeling can also be enjoyed in the center of Panama. We feel very comfortable here.
Rentability
The apartments at Ocean Reef Islands are very attractive to potential tenants because of the exclusive design, uniqueness and limited number of residential buildings. Since this is the most beautiful and exclusive project in Panama and almost everyone would like to live there, high rental demand is expected.
Top developer
Grupo Los Pueblos is a visionary developer that has been active since 1985. It has developed more than 5 million square feet and is responsible for the development of the 25th largest mall in the world, Albrook Mall, among other projects. I have worked with the founder and CEO of GLP for years. They have developed numerous large projects and have an excellent reputation in the industry. Accordingly, I have great confidence in their ability to successfully deliver “The Palms.”
6% p.a. interest rate & payment structure
The payment structure preserves liquidity. 20% is payable upon signing of the contract and a further 30% gradually during the construction phase. Finally, 50% is payable upon completion. Down payments via the regular payment plan receive an interest rate of 6% p.a. until completion. Accrued interest will be applied to the final purchase price. The offer of the interest rate mentioned here is valid for current purchases, but of course it can change. Therefore, please contact me directly.
Conclusion
In summary, investing in an apartment at Ocean Reef is a unique opportunity for international real estate investors. With an exclusive, unique and limited offer, a fantastic oceanfront location, a top developer and an efficient payment structure, it is a very interesting investment.
We will be happy to accompany you with our experience in the purchase process in Panama.
FRAPAN-Invest
Klaus Happ’s company “FRAPAN-Invest” advises investors who want to invest in real estate in Panama. Furthermore, Klaus Happ will be happy to advise you personally on the subject of “Plan B in Panama”.
The real estate market in Panama is internationally one of the most interesting for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.
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