yOUR qUESTIONS
oUR ANSWERS

Yes, the lots are titled, ensuring clear ownership and easier transfer for buyers.

Finca numbers for each titled lot are available upon request and are included in the sale documents.

The lots are zoned as Agricultural Rural (R-AGR), allowing for single-family detached residences and complementary rural/agricultural uses. Commercial developments and high-density housing are prohibited to maintain the rural character.

According to the corresponding zoning, construction is limited to one story plus an additional level, with a maximum height of 10 meters. While specific materials are not regulated, the project encourages the use of materials that blend with the natural landscape, and neutral roof colors are preferred.

Subdivision is restricted to maintain the rural density and character.

These are independent lots not subject to a master plan and its development were careful planned, lots are typically positioned and spaced to preserve privacy and maximize views. However, if a neighbor builds a two-story structure within the allowable height limit of 10 meters, there is a possibility of partial view obstruction, especially if lots are located on similar elevation levels or close together.

Yes, green areas are interspersed between lots, with environmental restrictions to prevent overdevelopment and maintain natural beauty.

Currently, the project is focused on the initial independent lot release for Phase 1. Phase 2 will have Master Plan to develop the more remote remaining 60 hectares of the property going North. It will comply with the same zoning norms.

We typically offer a standard purchase and sale agreement. Depending on the buyer's needs, we may also offer alternative contract options for financing arrangements or specific terms. Please contact us for more information.

Payment terms can vary but it includes an initial deposit followed by a scheduled lump-sum payment upon closing. Specific terms will be outlined in the purchase agreement.

Since these lots are not governed by a master plan, property owners have significant autonomy over their development choices. However, the contract includes some protective clauses to support the broader vision of maintaining a high-quality environment for all owners. These clauses generally cover: Environmental Protection: Clauses will specify adherence to Panamanian environmental regulations, including restrictions on tree removal near water sources, responsible use of pesticides, and septic system standards to protect local flora and fauna. Use and Density: Clauses reinforce that properties should adhere to the R-AGR zoning requirements, which means single-family, low-density usage to preserve the rural environment. Commercial or high-density developments are restricted under these terms.

The contract specifies a density cap, in line with the R-AGR zoning, limiting development to single-family residences to preserve spaciousness and privacy.

To reserve a lot, a deposit is generally required to hold the property for a set period while the final contract is prepared. The deposit amount will depend on the specific lot and contract terms.

Yes, financing options may be available for qualified buyers, allowing for more flexible payment plans.

After a lot is selected, the closing process generally takes between 30 and 60 days, depending on the payment method and any additional legal requirements.

Yes, it is possible, here’s how it typically works: Digital Document Exchange: Buyers can receive and sign purchase agreements and other required documents electronically. Panama recognizes digital signatures, especially when using secure platforms that comply with Panamanian and international standards. Power of Attorney: Buyers often grant power of attorney to a trusted representative or a Panamanian lawyer to handle parts of the transaction on their behalf. This is common for procedures that require physical presence, such as registration with the Public Registry. Banking and Payment Transfers: Payments can be made via international wire transfers, with documentation shared digitally to track deposits and compliance with Panamanian requirements for financial transparency. Legal Guidance: A local attorney is usually recommended to navigate local regulations and ensure compliance, particularly regarding due diligence, title verification, and tax matters. Title Transfer: After completing the paperwork and ensuring compliance, the title is transferred in the buyer's name, with all steps recorded in Panama’s Public Registry, which offers digital access to verify ownership. Remote purchasing is straightforward in Panama when managed through a secure and well-documented process, with the assistance of qualified legal and real estate professionals.

Monthly maintenance fees will initially cover road maintenance until all lots are sold. Following the completion of sales, a homeowners' association, formed by the new property owners, will assume responsibility for ongoing maintenance and management. Please note that all roads within the project are publicly accessible and officially registered. Additionally, the fees will cover the maintenance of the community water system, ensuring consistent and reliable service for all lot owners.

Internal roads are maintained yearly based on community needs, and maintenance costs are shared among lot owners.

The project will establish comprehensive utility infrastructure, including electricity and a centralized water supply system. Installation of water is done upon 90 days of close of escrow Electricity upon 6 months of close of escrow subject to Naturgy’s scheduled and workload.

The cost of a septic system will vary based on the size of the lot and the specific needs of each owner. Installation and associated expenses are the responsibility of the lot owner. All systems must comply with Panamanian solid waste and septic regulations to ensure the protection of groundwater and surrounding ecosystems, which is especially critical in rural and coastal areas. Here’s how the regulations work: Septic System Requirements: In rural zones like Agricultural Rural (R-AGR), properties that aren’t connected to a municipal sewage system must use an approved septic system. These systems need to be designed and installed by licensed professionals to ensure they effectively treat waste and avoid contamination of nearby water sources. Minimum Distance from Water Sources: Panama’s environmental laws, such as Law 1 of February 3, 1994, require septic systems to be set back from rivers, streams, and natural springs to prevent contamination. Minimum distances are mandated to safeguard local ecosystems, which is particularly crucial in areas with high biodiversity or near sensitive coastal waters. Periodic Maintenance: Property owners are responsible for maintaining their own septic systems to prevent overflow, leaks, or malfunctions. Regular maintenance helps avoid health hazards and environmental contamination. Alternative Solutions: Some developments promote eco-friendly alternatives like composting toilets or advanced wastewater treatment systems to further protect the environment. These systems align with sustainable practices and can be a selling point for environmentally conscious buyers. Septic systems must meet local health and environmental standards to protect groundwater. We encourage eco-friendly waste management solutions. We have a good relationship with contractors in the area that can easily guide you through the best choice.

Environmental laws and community guidelines encourage the protection of native flora and fauna. Lot owners are encouraged to minimize tree removal and maintain the area’s natural biodiversity.

The project encourages limited and eco-friendly use of agrochemicals to protect soil and water quality

All water sources are protected by law (Forestry Law 1, Article 23 & 24), which mandates buffer zones around rivers and creeks, preserving the ecosystem and water quality.

There is currently no formal HOA. However, as more lots are sold, a property owners’ association will be formed to help manage shared responsibilities and community goals such as road maintenance and water tank systems maintenance.

Currently, there are no designated common areas or social spaces, as lots are sold individually. However, as the community develops, such spaces will be considered for phase 2.

Given the rural setting, low noise levels are encouraged. As the community develops, further guidelines on noise control may be established to protect the peaceful environment.

Yes, green areas are interspersed between lots, with environmental restrictions to prevent overdevelopment and maintain natural beauty.