LOOM - SAN FRANCISCO - APARTMENT - PRESALE
Category
Sale
Published
21/07/2023
Location
San Francisco
Price
$299,000
Price/M²
$3,436
Lot Size
87
Property
PERMANENT RESIDENCE AND CITIZENSHIP IN PANAMA THROUGH REAL ESTATE INVESTMENT
Did you know that permanent residence in Panama through real estate investment is possible?
Executive Decree 722 of October 15, 2020, created a new category of permanent residence for economic reasons. Through this program, the applicant can become a permanent resident by making a qualified investment in Panama, including the following options:
- Real estate: Invest US$300,000 dollars (until October 2024), or US$500,000 dollars later, free of liens.
- Pre-sale real estate projects: sign a sales contract for the sum of US$500,000 or more, free of encumbrances.
ITHLUX and our team of professionals offer you several real estate projects that qualify for the program, in addition to providing you with the complete package to support you and your family in this process (legal, immigration, tax/accounting, insurance, among others). Ask us! Take advantage of this opportunity and book your visit now or ask for additional information!
LOOM - Condo-Suites
LOOM is a residential project conceptualized from the connectivity that distinguishes Panama City, a financial capital that moves to the rhythm of global trends and is a meeting point for different cultures and ideas.
Its avant-garde design plays with shapes, colors, and textures to create, through its thirteen floors, environments that prioritize functionality and good taste, achieving the perfect balance between interior design, technology, and multiple amenities.
The common thread in the distribution of spaces is the flexibility that people require in the times we live in, when connectivity plays a key role to live comfortably. Design, technology and comfort to offer residents a home in which each square meter is used in the most efficient way.
Its location allows work, family, friends and self-care to be intertwined as it is in the urban heart, with the ease of connecting with other parts of the city, without sacrificing an environment surrounded by parks, restaurants, cafes and shops just a few steps away.
ADVANTAGES:
– Ideal for investment because they are small units that will be friendly for short rents
– Fully furnished units ready to rent
– Airbnb Friendly
– Direct financing
– LOCK OFF units: the Type C unit of 87m2, consists of 2 apartments that you can rent independently or all together! This maximizes your profitability at 11% per year
AMENITIES:
- Gym
- Pool
- Terrace with deck
- BBQ area
- Lounge area
- Co-working
PROJECT STATUS
Presale - Ready in 2025!
METERS:
47m² - 87m²
PRICES:
- 47m² - From USD$ 162.800,00
- 87m² - From USD$ 299.950,00
Special financing conditions!
- 10% payment at the signing of the contract
- 5% payment at the start of construction
- 5% payment 6 months after the start of construction
- 80% Financed at 20 years (Not applied in Bank)
ROI LOOM 47 m2
- Daily rate - USD$ 90.00
- Annual Income - USD$ 22,680.00
- Annual Maintenance - USD $1,128.00
- Property management & fees - USD$ 5,670.00
- Total expences - USD$ 6,798.00
- Annual net income - USD$ 15,882.00
- Purchase price - USD$ 162,800.00
ROI - 10%
ROI LOOM 87 m2 Lock Off
- Daily rate - USD$ 190.00
- Annual Income - USD$ 47,880.00
- Annual Maintenance - USD$ 2,088.00
- Property management & fees - USD$ 14,364.00
- Total expences - USD$ 16,452.00
- Annual net income - USD$ 31,428.00
- Purchase price - USD$ 299,000.00
ROI - 11%
Contact us! Take advantage of this opportunity and book your visit now or ask for additional information!
Why live or invest in Panama?
1 - Stable economy with the US dollar as currency. Second largest economy in Central America and the fastest growing economy. Second most competitive economy in Latin America according to the World Economic Forum's Global Competitiveness Index.
2 - Strategic geographical location, privileged and free of natural disasters, located on the isthmus that connects North and South America, bordering Costa Rica, Colombia, the Caribbean and the Pacific Ocean, with a tropical climate throughout the year.
3 - International banking and financial center: strong banking system - in the last 20 years, mergers, transformations and incorporations of new banks have regulated and resized the sector. Panama is today one of the most important financial centers in Latin America and the world.
4 - The territorial tax system that exempts from taxes the income obtained outside the country, constitutes the main attraction for companies and individuals from all over the world to find a tax solution in the country.
5 - Political and legal stability. Panama's legal system was developed to encourage, support and protect foreign investment. The Constitution of Panama and the Foreign Investment Law grant the same rights and guarantees to foreigners in matters of property, investment and trade.
6 - Excellent quality of life and safety. It is among the cities in the world with the highest quality of life, as well as being one of the five best places to retire in the world.
7 - Medical services with high technology and international prestige, world-class communications infrastructure and excellent private schools.
8 - Panama is the Logistics Hub for Latin America and the Caribbean, by air, land and sea - World-class logistics platform, operating directly with 152 ports and 54 countries, being the gateway to Latin America.
9 - More than 5% of world trade transits through the Panama Canal, with 160 client countries and 144 maritime routes, obtaining a great profitability and attracting investors from all over the world, particularly from the real estate sector. GDP is expected to grow by nearly 20% as the Panama Canal expands and the consequent increase in traffic and new flows of ore, gold and copper, driving growing demand for real estate.
10 - Tocumen International Airport: It is the largest and busiest airport in Central America, with flights to 89 destinations.
11 - Stable Real Estate Business - Investing in dollar-listed real estate remains a safe investment bet. The real estate industry offers a wide range of projects with a price/ quality ratio well above average and with great growth prospects.
12 - Panama has a diversified plan of special visas that allows tax exemptions for foreigners who reside or invest in the country, among which the Friendly Countries Visa stands out, with privileged conditions of access to Panamanian residence and citizenship: South Africa, Germany, Andorra, Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Hong Kong, Hungary, Ireland, Israel, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, San Marino, Mexico, Monaco, Netherlands, New Zealand, Norway, Paraguay, Poland, Portugal, Serbia and Montenegro, Singapore, Slovakia, Spain, Sweden, Switzerland, Taiwan, United Kingdom, United States of America, Uruguay.
Did you know that permanent residence in Panama through real estate investment is possible?
Executive Decree 722 of October 15, 2020, created a new category of permanent residence for economic reasons. Through this program, the applicant can become a permanent resident by making a qualified investment in Panama, including the following options:
- Real estate: Invest US$300,000 dollars (until October 2024), or US$500,000 dollars later, free of liens.
- Pre-sale real estate projects: sign a sales contract for the sum of US$500,000 or more, free of encumbrances.
ITHLUX and our team of professionals offer you several real estate projects that qualify for the program, in addition to providing you with the complete package to support you and your family in this process (legal, immigration, tax/accounting, insurance, among others). Ask us! Take advantage of this opportunity and book your visit now or ask for additional information!
LOOM - Condo-Suites
LOOM is a residential project conceptualized from the connectivity that distinguishes Panama City, a financial capital that moves to the rhythm of global trends and is a meeting point for different cultures and ideas.
Its avant-garde design plays with shapes, colors, and textures to create, through its thirteen floors, environments that prioritize functionality and good taste, achieving the perfect balance between interior design, technology, and multiple amenities.
The common thread in the distribution of spaces is the flexibility that people require in the times we live in, when connectivity plays a key role to live comfortably. Design, technology and comfort to offer residents a home in which each square meter is used in the most efficient way.
Its location allows work, family, friends and self-care to be intertwined as it is in the urban heart, with the ease of connecting with other parts of the city, without sacrificing an environment surrounded by parks, restaurants, cafes and shops just a few steps away.
ADVANTAGES:
– Ideal for investment because they are small units that will be friendly for short rents
– Fully furnished units ready to rent
– Airbnb Friendly
– Direct financing
– LOCK OFF units: the Type C unit of 87m2, consists of 2 apartments that you can rent independently or all together! This maximizes your profitability at 11% per year
AMENITIES:
- Gym
- Pool
- Terrace with deck
- BBQ area
- Lounge area
- Co-working
PROJECT STATUS
Presale - Ready in 2025!
METERS:
47m² - 87m²
PRICES:
- 47m² - From USD$ 162.800,00
- 87m² - From USD$ 299.950,00
Special financing conditions!
- 10% payment at the signing of the contract
- 5% payment at the start of construction
- 5% payment 6 months after the start of construction
- 80% Financed at 20 years (Not applied in Bank)
ROI LOOM 47 m2
- Daily rate - USD$ 90.00
- Annual Income - USD$ 22,680.00
- Annual Maintenance - USD $1,128.00
- Property management & fees - USD$ 5,670.00
- Total expences - USD$ 6,798.00
- Annual net income - USD$ 15,882.00
- Purchase price - USD$ 162,800.00
ROI - 10%
ROI LOOM 87 m2 Lock Off
- Daily rate - USD$ 190.00
- Annual Income - USD$ 47,880.00
- Annual Maintenance - USD$ 2,088.00
- Property management & fees - USD$ 14,364.00
- Total expences - USD$ 16,452.00
- Annual net income - USD$ 31,428.00
- Purchase price - USD$ 299,000.00
ROI - 11%
Contact us! Take advantage of this opportunity and book your visit now or ask for additional information!
Why live or invest in Panama?
1 - Stable economy with the US dollar as currency. Second largest economy in Central America and the fastest growing economy. Second most competitive economy in Latin America according to the World Economic Forum's Global Competitiveness Index.
2 - Strategic geographical location, privileged and free of natural disasters, located on the isthmus that connects North and South America, bordering Costa Rica, Colombia, the Caribbean and the Pacific Ocean, with a tropical climate throughout the year.
3 - International banking and financial center: strong banking system - in the last 20 years, mergers, transformations and incorporations of new banks have regulated and resized the sector. Panama is today one of the most important financial centers in Latin America and the world.
4 - The territorial tax system that exempts from taxes the income obtained outside the country, constitutes the main attraction for companies and individuals from all over the world to find a tax solution in the country.
5 - Political and legal stability. Panama's legal system was developed to encourage, support and protect foreign investment. The Constitution of Panama and the Foreign Investment Law grant the same rights and guarantees to foreigners in matters of property, investment and trade.
6 - Excellent quality of life and safety. It is among the cities in the world with the highest quality of life, as well as being one of the five best places to retire in the world.
7 - Medical services with high technology and international prestige, world-class communications infrastructure and excellent private schools.
8 - Panama is the Logistics Hub for Latin America and the Caribbean, by air, land and sea - World-class logistics platform, operating directly with 152 ports and 54 countries, being the gateway to Latin America.
9 - More than 5% of world trade transits through the Panama Canal, with 160 client countries and 144 maritime routes, obtaining a great profitability and attracting investors from all over the world, particularly from the real estate sector. GDP is expected to grow by nearly 20% as the Panama Canal expands and the consequent increase in traffic and new flows of ore, gold and copper, driving growing demand for real estate.
10 - Tocumen International Airport: It is the largest and busiest airport in Central America, with flights to 89 destinations.
11 - Stable Real Estate Business - Investing in dollar-listed real estate remains a safe investment bet. The real estate industry offers a wide range of projects with a price/ quality ratio well above average and with great growth prospects.
12 - Panama has a diversified plan of special visas that allows tax exemptions for foreigners who reside or invest in the country, among which the Friendly Countries Visa stands out, with privileged conditions of access to Panamanian residence and citizenship: South Africa, Germany, Andorra, Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Hong Kong, Hungary, Ireland, Israel, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, San Marino, Mexico, Monaco, Netherlands, New Zealand, Norway, Paraguay, Poland, Portugal, Serbia and Montenegro, Singapore, Slovakia, Spain, Sweden, Switzerland, Taiwan, United Kingdom, United States of America, Uruguay.