In the News from Panama

Club Residences Selling at Record Pace

Club Residences, the last major development on Ocean Reef Islands, is a big hit with buyers. More than 60% of the units were sold in the first 30 days, and the remaining apartments are not expected to last much longer.

There’s no surprise to the project’s popularity. Club Residences offers 31 luxury apartments in the heart of Ocean Reef’s second island, a short walk away from the Yacht Cub, Wellness Club, and all of Ocean Reef’s top amenities.  

In our conversations with buyers, they point to several of the Club Residences’ special features for pulling the trigger. For many, it was the rooftop sports and racquet club — there’s nothing like it anywhere in Panama City. For others, it was the convenience of the O Club’s exclusive parking private parking service in Ocean Reef’s only mixed-use development, with restaurants and shops on the ground floor.

Ocean Reef also offers a nice mix of available units, including a selection of large terraces and Jacuzzis. The combination of luxury, high-end finishes, ocean views and the lure of island living minutes from downtown Panama City were hard to resist.

At this point another phenomenon is kicking in — FOMO, fear of missing out. Our PPR has seen it before in Ocean Reef. Another surge follows the initial wave as people realize they may miss this opportunity.

Thinking of taking the big step into island living? Don’t miss out on Club Residences. Contact us now for PPR’s exclusive access to the best deals on the remaining units.