Beautiful Family House for SALE/ Rent - Embassy Gardens, in Panama City, Panama

Embassy Gardens
House • 4 bed. • 5 bath. • 285 m² • 2nd floor
SGD 964,102

Embassy Gardens is an exclusive 64 homes gated neighborhood with 24 hours surveillance, lots o greens, a tenis court and a kids playground, located in The Clayton area, in Panama City.

The Clayton area has become the most sought-after and selective residential area in the vicinity of Panama City. Close to the Panama Canal, the US Embassy and the renowned City of Knowledge. Live in a relaxing environment, surrounded by nature, away from traffic and noise but a few minutes from the most important services including Supermarkets, Pharmacies, International Schools, Shopping Mall and convenience stores. Clayton is one the top residential areas chosen by dilpomatic staff, employees of transnational companies and other well-positioned professionals and Expats.

Panama Overview : Panama is one of the friendliest countries to foreign investors, particularly in terms of immigration and its US Dollar currency. Immigration law in Panama allows foreigners to invest a modest amount ($300,000) in the way to obtain the benefit of a residency Visa. Such investment can be in a property like a condo, a business or a house.

Panama’s cosmopolitan capital, Panama City, is the only true First World city in Central America. The beautifully maintained Pan-American Highway runs the breadth of the country, making travel easy. High-speed Internet and cell coverage are remarkable…as are the power, air, and water quality.

Economical Growth: Over the past decade, Panama has been one of the fastest growing economies worldwide. Average annual growth was 7.2 percent between 2001 and 2013, more than double the regional average. The Panamanian economy grew by 6.1% in 2014, coming down slightly to 5.8 and 5.4% in 2015 and 2016, respectively. On 2017 grew 5.4 percent, rising to 5.5 % in 2018. For 2019 the growth was around 5%. The forecast for 2020 is -2%, however the country economy is expected to rebound up to 4.5% on 2021.

Infrastructure: Panama boasts very modern infrastructure, with Panama City often referred to as the Hong Kong of Latin America. Internet connectivity, cable TV and telephonic services in Panama are all as reliable as they are in the US, and their tap water is potable. Airport infrastructure is also good, with flights from Panama City to Miami USA, taking only 2.5 hours. The hub that is Tocumen International Airport makes it easy to fly from Panama to nearly anywhere in the world…often with no layovers.

Banking: Panama is a key regional hub for cross-border banking service, with banking brands from across the globe being well represented in the country. Panama is recognized as one of the most stable countries to invest and convert.

Expats: Panama has a large and established expat community, making the decision to retire in Panama far less daunting, from a cultural point of view.

Language: English is widely spoken. Spanish proficiency is not needed to live or to do business in Panama

Shopping: Shopping in Panama is on a par with the US and EU. Grocery chains stock most of the products, brands and goods you’d find in their US counterparts.

Healthcare: Healthcare in Panama scores well in terms of international standards, with the costs of treatment being significantly lower than in the US. In terms of signing up for health insurance, you can get decent coverage with low premiums.

Business: Considering starting a side business venture when you retire in Panama? The country has a very pro-business stance, sound telecommunications infrastructure, a highly educated workforce, and the cost of doing business is quite low.

Taxes: Panama has a territorial tax system, meaning that it exempts all income earned outside Panama. This zero taxation policy of foreign income applies to resident individuals residing in Panama as well as Panamanian companies. Property tax exemption for up to 20 years if the construction permit was issued by Sept. 1, 2006

Climate: Panama has a warm tropical climate for much of the year. It is warm and humid at sea level, with slightly cooler weather in mountain areas. Panama doesn't have four seasons, only a wet or “winter” season and a dry “summer” season. Extreme weather systems are highly rare in Panama.

 

PROPERTY IS AVAILABLE FOR RENT : $3,500 USD / month

Notes : For Renters, Kitchen will be furnished with brand new appliances upon lease agreement. Good capacity Fridge, Stove and Microwave. Laundry room will have brand new Washer and Dryer.

Spaces

Floors2
Bedrooms4
Bathrooms5
Balconies1
Garages (inside)2
Garages (outside)2
Terraces1

Surfaces

Living285 m²
Land360 m²
Air conditioning
Balcony
Barbecue
Tennis
Terrace
Washing machine

Embassy Gardens, Panama City

Views and orientation extracted by AI.
City view
TypeHouse
Construction year2008