In the News from Panama

Groundbreaking Set for Key Ocean Reef Development

Construction is officially set to start April 1 on Beach Club Residences, the one-of-a-kind beach club residential development on Ocean Reef Islands. As savvy property investors know, ground breaking is a significant milestone for any development. Once shovels are in the ground, the dynamics change with more purchasers taking notice leading to an uptick in sales. 

Experienced buyers also know that it is common for prices to start rising once construction starts. It creates a window of opportunity, before the groundbreaking, when a word hasn’t gotten out yet. Once the development moves from “proposed” to “under construction,” the opportunity is lost.

There are only three weeks left before Beach Club Residences groundbreaking event and “we are already seeing a significant rise in interest on our exclusive listings. The Residences’ check all the boxes for a unique development, starting with its prime location on Ocean Reef, the two islands in Panama Bay.” says Jeff Barton (PPR Managing Director) 

From an investor’s perspective, no one is ever going to duplicate BCR. It is only a few feet from Ocean Reef’s private yacht club and overlooks the incredible marina, offering an island lifestyle minutes from downtown Panama City, with all the amenities you would expect in a top international resort.

The groundbreaking will send a clear signal to the market that BCR is moving forward and the currently priced inventory will start disappearing quickly. Already, Ocean Reef is hitting that critical mass with the development turning into a real community. BCR’s progress is simply one of several projects coming to fruition on Ocean Reef; people can really see the islands moving into the next phase.   

We have a limited inventory of units in Beach Club Residences at prices that are unlikely to be seen again on Ocean Reef. There are many clients that have been sitting on the sidelines, waiting for construction to begin on the project which are now setting up onsite visits.

Don’t miss out on this special moment. Contact me now and I can fill you in on the details.


Brian Kelly  – Project Manager
(507) 6239 2659 l (507) 836 5991 l US (786) 528 3080