The Amador Heights Building is located in a very attractive sector, within walking distance of the scenic, palm-lined Amador Causeway which forms the Southern entrance to the Panama Canal. The causeway stretches for approximately 5 km and connects the Islands of Naos, Perico and Flamenco.

The Amador Causeway has been a favorite attraction for both tourists and locals alike, and is home to a very large variety of restaurants, as well as a world class marina, The Figali Convention Center which has hosted a series of events ranging from the Miss Universe Pageant to Carlos Santana and Red Hot Chilli Pepper Concerts. The Amador Causeway is also home to the Marine Exhibition Center of the Smithsonian Tropical Research Institute, and will soon be home the Museum of Bio Diversity which is currently under construction and was designed by Architect Frank Gehry who also designed such masterpieces as the Guggenheim Museum in Bilbao Spain.

The marina is located on Isla Flamenco and it's operating at 100% capacity. It currently accommodates boats up to 120 feet on the standard docs and has six slips for mega-yachts of up to 200 feet. The marina will see an investment of 1.5 million to increase the number of slips from 160 to 260 by the end of 2010.

Casco Viejo, the Ancon Hill, The Bridge of the Americas, Bay of Panama and Panama City Skyline. The apartments range in size from 132 m2 (1420 ft2)and 154 m2 (1660 ft2) which will consist of 1 bedroom and 1 bathroom with an option to convert to 2 bedrooms and 2 bathrooms, as well as larger units measuring 287 m2 (3090 ft2) with 3 bedrooms and 3 bathrooms.

The Amador Heights building is one of only a few projects in Amador where property title can be obtained versus 40 year concession. There are several other advantages to the Amador Heights Project. One is the ceiling height of the apartments which is 3 meters instead of the standard 2.6 meters thus making it the tallest building in the area with the best vantages of the stunning views. The luxury apartments will also feature 3 elevators to serve just 48 apartments. The rooftop terrace will have 360º views and include a swimming pool, jacuzzi, air-conditioned gym, and an events room which can accommodate up to 80 people.

Upon completion, Amador Heights will also include a back up generator, piped in gas for cooking, parking will be on the ground floor and there will also be storage rooms available for sale. The finishes will be of the finest quality and include Porcellanato (Porcelain Tile) tiles, granite counters and floor to ceiling tiles in the bathrooms and kitchens, quality hardware for the imported cabinetry including hydraulic buffering hinges, as well as high quality wooden doors and closets.

Amador Heights is an excellent option for those who do not want to live in the city, but do want to take full advantage of all the amenities Panama City has to offer within a 15 minute drive. It is also one of the few locations on the Pacific where one can have world class marinas nearby.

Last but not least Amador is strategically located within 10 minutes from several important locations which include: Howard, home of the Panama Pacifico Free trade zone which has attracted such corporations as Dell, 3M and Caterpillar. Clayton, which is domicile to the City of knowledge where some of the best international schools in Panama are found, as well as number of embassies, and non-profit organizations such as the UN and World Food. And, Albrook, which is home to a small international airport, the National transportation Terminal and Albrook Mall.

Currently there is a first-rate promotion being offered by the developers of Amador Heights which includes free round trip tickets for two for anyone who purchases. The promotion applies to the US, Canada, South America and Europe and has the following terms:

1. The round trip payment will be considered effective once the prospect has given the 1st 10% and signed the contract
2. The payment will be done as a discount of the current price of the unit
3. Only 2 two round trips per unit purchased
4. Valid until October 2009
5. Valid proof of purchased with current dates must be presented
6. The price of the ticket must not exceed 1500 and is limited to coach and business classes.

For more information including floor plans and pricing, please visit the project page or contact us at info@panamarealtor.com

By Michelle Conlin - Business Week

Prospective retirees: Panama wants you. The pitch? A plane ride just 21/2 hours from Miami enables the newly poor to swap a wretched retirement in the U.S. for one befitting a royal in the balmy Central American nation. Cash out! Emigrate! Feel rich! Panama—the new Florida.

Spin aside, Panama is increasingly popular among retirement-age types looking to hedge against—or skip out on—the recession. The Migration Policy Institute, a Washington-based think tank that studies the movement of people around the world, says the chief factors prodding professional-class Americans to flock to Panama include its First World health care available at Third World prices and the country's pensioner program, which offers some of the deepest retiree discounts in Latin America. Seniors get up to half off on nearly everything, including movies, motels, doctors' visits, plane tickets, professional services, and electric bills. Expats also pay no tax in Panama on foreign income. Nor are they required to pay property tax for the first 20 years.

The fact that a luxe beachfront manse can be had for the same price as a dump in Daytona doesn't hurt, either. "We would have been looking at $3 million in Miami," says Jon Nickel of his 3,000-square-foot oceanfront penthouse in Panama City. Nickel and his wife, Gretchen, bought the place in late 2007 for $250,000, right after Nickel retired from his corporate law job in Portland, Ore., and sold the family's mortgage-free home for $800,000.

MORE BANG FOR THE BUCK

The skinny isthmus—nearly all coastline, with a mountain range slicing through the middle—boasts some of the best weather and lowest crime rates in Latin America. Other draws include guilt-free conspicuous consumption, with laughably low prices—by gringo standards—on splurges such as a day of beauty ($10) and a maid ($15 a day). A complete blood workup at Panama City's gleaming new Hospital Punta Pacifica, managed by Johns Hopkins Medicine International, is $36. A checkup with a physician is $50. Boomers who say they would have had to pay roughly $1,200 a month in the U.S. for health care say they are paying roughly $800 a year for coverage in Panama. Barbara Dove, a 66-year-old who suffers from Parkinson's disease, worried that she would eventually need in-home care if her condition deteriorates. Researching rates in Seattle, she found that nurses run $25 an hour. In Panama City, where she has lived since 2007, they cost $25 a day. Says Dove: "I didn't want my kids to have to worry about me."

According to a 2006 report by the Migration Policy Institute, the number of Panama visas issued to U.S. citizens began to rise dramatically after 2003, and an estimated 25,000 U.S. expatriates live there today. "With Americans aging, the economy in shambles, and, possibly, Medicare benefits on the cutting block, it is reasonable to assume that more Americans will retire abroad, particularly to warm, sunny locations such as Panama, where they can get more value for their dollar," says the Institute's president, Demetrios Papademetriou.

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Panama is the country that will grow in Central America this year and will be less affected by the crisis in the region, according to the prediction made by the International Monetary Fund (IMF) in Paraguay and released by the EFE news agency. The fund forecasts that Latin America will shrink 0.5%, but that Panama will grow by 3%.

At the same time, the Tourism Authority revealed that there were a total of 710,000 visits to the country from January to May of the current year, a small increment of 2.5% compared to the same period of last year.