A 95 m² apartment in PH Palmar Real with two bedrooms, two full bathrooms and one parking space. The living and dining area runs the length of the unit and ends in a bay of windows that pulls in light through most of the day. The ceilings carry original mouldings and the bedrooms have full-height built-in wardrobes in carved hardwood — the kind of joinery that is no longer specified in new construction at this price.
The kitchen is a separate, enclosed room rather than an open bar — larger than what most new units of this size offer, with wraparound counters, a gas range, generous cabinetry and a window that looks out over greenery and the city towers beyond. Both bathrooms are fully tiled and in working order. Air conditioning is installed in the bedrooms.
The building has a swimming pool for residents. At $175,000 for 95 m² this works out to roughly $1,842 per square metre, which is below what comparable new construction commands in central Panama City. The finishes are of their period and a buyer looking for contemporary interiors would want to update bathrooms and kitchen; a buyer looking for space, structure and location for the money will find the trade worthwhile. If you are weighing districts, our guide to the best areas to invest in Panama City compares them.
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