Under construction
$4,133per m²
Ipanema Residences, photo 1Price from
$312,810US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.$3,913 per m²
cheaper than 100% of city projects: -5%Data verified Aug 5, 2026 · price source: developer partner network · updated 2 mo. ago
- Properties
- Condominium
- Area
- 65 - 103 m²
- Bedrooms
- 1 - 3
- Completion
- Q4 2028
- Readiness
- Under construction
- Dry season
- Feb, Mar, Jan
- First instalment
- 10%
Price
Is this expensive for the city
$3,913 per m², Panama City median $4,133
Median $4,133This project $3,913
$3,913$6,065
-5% vs the city median (Panama City), sample of 5 projects. cheaper than 100% of city projects.
Rate as of 2026-10-14, city data updated 2026-10-14. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue. The scale is logarithmic.
The cost of this project
A breakdown of this project for your budget and goals
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What it really costs
Payment plan
- 10%Step 1 · On contract$31,281
- 20%Step 2 · Before commissioning$62,562
- 70%Step 3 · On transfer$218,967
- Total
- 100% · $312,810
The developer may revise the payment schedule. Confirm the current terms before the deal.
ROI Calculator
$156,405$631,038
$300$4,700
A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.
40%100%
0%20%
- Monthly income
- $1,167
- Annual income
- $14,006
- Gross yield
- 5.8%
- Net yield
- 4.5%
- Value in 5 years
- $418,611
- 5-year ROI
- 56%
See calculation details
- Gross annual rent
- $18,240
- Common area fee
- -$810
- Tax (10%)
- -$1,824
- Agent commission
- -$1,600
- Net annual income
- $14,006
Read moreCollapse
Calculations are estimates based on average market data. Actual returns may vary. This is not financial advice.
When is the season here
Driest months: Feb, Mar, Jan Wettest months: Oct, Jun, Nov Dry months per year: 6. A month counts as dry when its rainfall is below the annual median of monthly rainfall.
Rainfall, mm per monthTemperature, °C
Show monthly table
| Month | Temperature, °C | Rainfall, mm |
|---|---|---|
| Jan | 26.6 | 20 |
| Feb | 26.9 | 9 |
| Mar | 27.5 | 18 |
| Apr | 28.1 | 107 |
| May | 27.8 | 245 |
| Jun | 27.4 | 253 |
| Jul | 27.2 | 204 |
| Aug | 27.2 | 220 |
| Sep | 27.1 | 245 |
| Oct | 26.8 | 260 |
| Nov | 26.7 | 248 |
| Dec | 26.8 | 108 |
Source: NASA POWER, climate normal (2001-2020). Grid node 9.0, -79.5. This is a multi-year normal, not a weather forecast.
About the project
- Properties
- Condominium
- Completion
- Q4 2028
- Status
- Under construction
- Area
- 65 - 103 m²
Description
GLP Properties is building Ipanema Residences in Panama City, Panama, with completion scheduled for December 2028. The project is currently under construction.
Units range from one to three bedrooms, with sizes spanning 64.8 to 102.5 square meters, covering compact layouts alongside larger family-sized options within the same development.
Prices start at 312,810.29 USD and go up to 525,865 USD, with a price per square meter of 3,913 USD. The spread between the lowest and highest prices tracks the difference in size and bedroom count across the layouts on offer.
With construction underway and handover set for December 2028, the building is progressing toward delivery of its one, two and three-bedroom units in Panama City.
This description was prepared with the help of artificial intelligence from developer data and public sources. Please check key figures and terms with our adviser.
Price in your currency
Rate: 1 USD = 1 USD≈ $312,810Rate as of 2026-10-14
Denominated in USD - a natural hedge against a weakening USD.
Sources: exchangerate-api.com
Location
Panama City, Panama
Market context
Panama City price per sqm$1,804‑$2,483
Panama City rent growth12%
Gross rental yield6.8%‑9.5%
Home sales growth 202320.7%
Foreign buyer share of new builds34%↑ +15 pp since 2020
Residential prices in Panama City are recovering, with average values now between $1,804‑$2,483 per square metre, reflecting modest upside. Rental demand remains strong, as city rents rose about 12% year‑over‑year in Q1 2025 and gross yields sit between 6.8% and 9.5%. Foreign investors are increasingly active, accounting for 34% of new‑development purchases in 2023, drawn by tax‑friendly policies and residency programmes.
Sources (6) · updated 21/08/2026
- Panama City FL Real Estate Market 2025 Trends & Outlook ↗
- Panama Property Market Forecast 2025 - Benoit Properties ↗
- Panama Real Estate Market Forecast: Trends and Opportunities ↗
- Panama Property Market Outlook for 2026 - TheLatinvestor ↗
- Panama Real Estate Market Report for Q1 2025: A Market in Transition ↗
- Panama Market Update 2025 - Overseas Property Alert ↗
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