Panama City, Panama
Price from
$319,504
US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.
$6,065 / m²
+47% vs the city median (Panama City), sample of 5 projects
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Data verified Sep 30, 2026price source: developer partner networkupdated 12 days ago
Properties
Hotel unit
Area
53 - 94 m²
Bedrooms
1
Completion
Q4 2027
Readiness
Under construction
Dry season
Feb, Mar, Jan
Properties
Hotel unit
Area
53 - 94 m²
Bedrooms
1
Completion
Q4 2027
Is this expensive for the city
$6,065per m²pricier than 100% of city projects
+47% 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.
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What it really costs
Payment plan
Step 1
On contract
100%$319,504
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ROI Calculator
A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.
Ask agent about rental ratesTelegram$1,167
$14,006
5.7%
4.4%
$427,568
56%
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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.
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
Hotel unit
Completion
Q4 2027
Status
Under construction
Area
53 - 94 m²
Properties
Hotel unit
Completion
Q4 2027
Status
Under construction
Area
53 - 94 m²
Description
Panama City Central by Pullman is under construction in Panama City, Panama. Mercan Group develops the project, with completion set for December 2027.
The units on offer are one-bedroom hotel units ranging from 52.68 to 94.32 square meters. Prices start at 319,504 USD and go up to 572,051 USD, with a price per square meter of 6,065 USD.
The area range covers both a compact one-bedroom layout and a larger one-bedroom layout under the same configuration, giving buyers a choice of size within that single bedroom count. Construction continues toward the December 2027 completion date, with pricing set across the stated range depending on the unit size chosen.
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
- 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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