Overview

The building and where it stands.

Playa Caracol is GLP's beach project at Punta Chame, the long sand spit an hour and a quarter west of Panama City that has become the capital's kitesurfing and weekend coast. The scheme is small: eight villas and forty apartments across three levels, about 160 metres from the ocean, currently under construction.

Two-bedroom mezzanine apartments of 93.61 m² start at US$268,900 and three-bedroom garden units at US$323,900. The market estimate for beach product in the area is a total return of 9–13% a year, of which 6–8% net rental yield and 3–5% appreciation; the developer has not published its own study. The garden three-bedrooms clear the US$300,000 visa threshold; the entry two-bedrooms fall just short of it alone.

  • Two-bedrooms from US$268,900; three-bedroom garden units from US$323,900
  • 48 units in total, 160 m from the beach
  • Market estimate 9–13% total return
  • Under construction; delivery date to be confirmed

Pricing

From USD 268,900 for a 2-bedroom mezzanine apartment (93. m² total area). Garden 3-bedroom units start from USD 323,900.

Developer pricing in US dollars, correct when we last checked. Availability and unit prices move; we confirm both before you reserve.

Projected returns

Estimated market ROI: 9–13% total annual return (approximately 6–8% net rental yield plus 3–5% annual capital appreciation). No official developer profitability study has been provided.

Read this as a projection

These figures are the developer's projections or market-based estimates for comparable stock, not a guarantee and not our forecast. Rental income depends on occupancy, management and local taxes; capital appreciation on a market you do not control. We go through the assumptions with you before you commit.

Delivery

The project consists of 8 villas, 40 apartments across 3 levels, located approximately 160 m from the ocean.