The Administrative Unit of Reverted Properties has announced the sale of Plot PS01-5 in Altos de Batele, on the Pacific coast, at approximately $38 million.  This is in the area of Howard and Panama Pacifico’s project.

The land is located just minutes from Panama City, south of the entrance to the Canal, near the Panama Pacífico Special Development Zone.

As estimated by the Administrative Unit of Reverted Properties, the land area measuring 16 hectares, is worth $38,429,846,

The authorized use of the land is known as Mixed Urban Center, which includes:

• Use by government or other institutions.
• Commerce.
• Hotels and other tourism related activities.
• Universities and other higher education institutions.
• Museums and other cultural facilities.
• Transport.
• Recreational activities of all kinds.
• Low and medium density residential projects.