This property is priced to sell and is located near the pueblo of Boquete, called The Valley of Eternal Spring and named by Modern Maturity, International Living, and other magazines as one of the top five retirement communities in the world. The home is being offered at a bargain price.

House Information:

• 3 Bedroom 2 Bath
• Custom cedar closets with built in dressers
• 2,700 square feet of construction
• 8,611 square foot lot
• Jacuzzi
• Custom Kitchen
• 660g reserve water tank with filter and pump for constant pressure
• Tiled terrace and tropical landscaping
• $195,000.00

The owners have added many custom-designed features to the home, not the least of which is the kitchen. All the cabinets were also custom built and include a pull-out, double-decked spice and condiment drawer, display shelves, and a slide-out trash bin. Countertops were designed and built with porcelain tiles, and the highlight is a massive, tiled range hood with an outside vent. The double sink is ivory-colored porcelain, featuring top quality brushed steel faucets and hardware (on a par with Moen, not available in Panama) and a waste disposal unit. Also built-in is a Frigidaire dishwasher.

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Other popular properties this month:

• Luxury Beachfront Community
  
  
  
• On the Water front in Bocas
  
  
  
• Beautiful Upscale Family Home in Altos de Panama
   

The Reverted Areas or former Canal Zone is comprised of 5 miles on either side of the Panama Canal. These areas pertained to the United States until their turn over along with the Panama Canal to Panamanians in December of 1999.

Investment Pros:

• The reverted areas have great infrastructure including US-style roads,  homes and sewage systems.
• The reverted areas are just a few minutes from downtown Panama City.
• They are an excellent place to raise children, as most of the homes in these areas have ample yards, and also for the abundance of parks, green areas, and schools.
• There has been a great deal of investment into these areas including: The City of knowledge, the new US Embassy and Consulate, various residential developments, marinas and new businesses including tourism based businesses.

Investment Cons:

• There are very few homes and even fewer building lots available in the Reverted Areas
• As a result of the lack of availability of properties, asking prices are usually fairly high, and difficult to negotiate.

More on the Reverted Areas:

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After the decision to modernize and expand the Panama Canal, the project is about to enter the construction phase. Thirty companies are participating in the bid for the first of five sections of dry excavation of the 6.7 km channel which will connect the Gaillard Cut with the new Pacific-side lock.

The contract for the first phase involves removing 7.5 million cubic meters of earth, on the west bank of the existing canal. The work will be split into five separate projects with the intention of allowing local contractors to compete, according to the ACP. The total material to be removed for the channel will be 46 million cubic meters.

Meanwhile the Board of Directors of the Canal Authority decided that ACP needs help in the administration of the enlargement program and will invite bids to find a company to do the job.

The company will work within the ACP administration team with advice and coordination, revising bids and guaranteeing performance and quality.

International attention on the Canal continues to grow. The magazine “Ten”, a new publication of “Business News Americas” placed the expansion at the top of a list of the ten most important projects of the decade 2007-2017, followed by works such as the Tehisanlepec Corridor in Mexico and the Trans Andean railway between Chile and Argentina.

The movement of TEU (containers of more than 20 feet long) in the main ports of Panama has increased by 45 per cent during the first five months of the year. These are record figures for Panamanian cargo transport industry.

Panama Ports Company (PPC), which operates the ports of Balboa (Pacific) and Cristobal (Caribbean) showed the highest growth. However, Manzanillo International Terminal (MIT) had a fall of nine per cent in TEU movement, but it grew by 27 per cent in the movement of vehicles and equipment.

The manager of PPC said that this increase is due to expansion plans the company has implemented at the port of Balboa, where more than $300 million have been invested to expand it in order to serve larger ships such as postpanamax vessels.

The growing movement of containers creates one problem: because now there are not enough docks to unload other industrial products such as grains, fuel and iron slag. To solve this difficulty, the Maritime Authority is waiting to formalize the construction of a port in Rodman.