Ipanema Residences

Panama City, Panama

1 / 10

Price from

$312,810

US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.

$3,913 / m²

cheaper than 100% of city projects

-5% vs the city median (Panama City), sample of 5 projects

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Data verified Aug 5, 2026price source: developer partner networkupdated 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%

Properties

Condominium

Area

65 - 103 m²

Bedrooms

1 - 3

Completion

Q4 2028

Readiness

Under construction

Dry season

Feb, Mar, Jan

First instalment

10%

Is this expensive for the city

$3,913per m²cheaper than 100% of city projects

Median $4,133

$3,913$6,065

-5% vs the city median (Panama City), sample of 5 projects

Rate as of 2026-10-12, city data updated 2026-10-12. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue.

The cost of this project

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What it really costs

Payment plan

Step 1
On contract
10%
$31,281
Step 2
Before commissioning
20%
$62,562
Step 3
On transfer
70%
$218,967

Total100%$312,810

The developer may revise the payment schedule. Confirm the current terms before the deal.

ROI Calculator

Purchase price: $312,810

Monthly rent: $1,600

$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.

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Occupancy rate: 95%

40%100%

Annual appreciation: 6%

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%

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

Monthly climate normal: temperature and rainfall
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

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.

Location

Panama City, Panama

Market context

Panama City price per sqm

$1,804‑$2,483

Panama City rent growth

12%

Gross rental yield

6.8%‑9.5%

Home sales growth 2023

20.7%

Foreign buyer share of new builds

34%

+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

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