In the News from Panama

PPR Signs Exclusive Deal with Boquete Project

Punta Pacifica Realty (PPR), the leading sales, rental and property management company in Panama City, has reached an agreement to serve as exclusive sales and marketing agent for a new luxury condominium project outside Boquete, the popular expat community in the lush mountains of northern Panama.

The Estrella condominiums are in development on the 17th hole of the existing Lucero Golf and Country Club, the master-planned active lifestyle community built around an 18-hole championship-level golf course designed by J. Michael Poellot. Owners of the Estrella condominiums will have full access to Lucero’s amenities, including professional-level clay tennis courts, 10 km of hiking trails and the gourmet Seasons restaurant.

Estrella is the latest addition to Punta Pacifica Realty’s portfolio of exclusive sales and marketing projects, which includes the Naos Harbor Island Residences and Marina on the fast-growing Amador Causeway. After successfully leading the sell out of the final developer inventory in Trump Ocean Club last year, PPR is actively seeking to grow its sales and marketing relationships with select projects around Panama.

Estrella is designed to take full advantage of the natural beauty of the Boquete area, which has been named as one of the top places to live and retire in the world. Designed around sustainability and energy efficiency, every Estrella home features wide outdoor living areas, flexible open floor plans and broad views of the surrounding mountains. Building amenities include a swimming pool, a modern gym, and designated BBQ areas.

“There really is nothing like Estrella in the area,” McGowan said. “We’re already fielding calls from investors, who recognize that the lifestyle and amenities rival the best projects in the world.”

Estrella buyers will have the option to use a professional on-site property management firm, providing turn-key rental programs to maximize returns on their Estrella investment.

Boquete is already home to several thousand expats from around the world, taking advantage of the mild climate and spectacular setting. Lucero was developed with no debt or financing by veteran international businessman Sandeep Lal, who is fulfilling the dream of his brother, Raideep, the founder of the project, who passed away in 2010.

About Punta Pacifica Realty

Punta Pacifica Realty is the largest sales, rental and property management company in Punta Pacifica, the waterfront skyscraper community in Panama City. With a reputation built on credibility, trust and established roots in the market, PPR has handled more than $460 million of real estate sales in Punta Pacifica and manages the majority of the luxury apartment rentals in the neighborhood.

For more information on the Panama real estate market, visit or call us at: (+507) 836-5991 / (786) 528-3080.