Royal Palm, The Best of Two Worlds
Royal Palm is a beach front residential project with an innovative architectural design; located in Playa Gorgona, just 50 minutes From Panama City and minutes away from Coronado.
This is an excellent choice if you love the beach but still want to be close to the city for study, work, or other purposes.
This modern complex is made of two towers of 28 and 21 levels, respectively. Here you will find 1, 2, and 3-bedroom apartments ranging from 7 to 132 square meters.
From your apartment in Royal Palm you will have a fantastic view to the ocean and the mountains and great entertainment options. The project will also have a complete social area with restaurants, open and covered terraces, sun deck, bar, multipurpose sport grip for basketball, volleyball and tennis courts, gym, sauna, children´s playrooms, kids pool, infinity pool, and direct beach access.
As you can see, in Royal Palm you´ll have everything you need for entertainment, exercise, sports and all of this only a few meters from the beach and 50 minutes away from Panama City.
In Royal Palm you have the best of two worlds as you will live in a tropical paradise but with quick access to a world class, cosmopolitan business and living center like Panama City.
This project is supported by one of the most important, prestigious, and reliable families in Panama.
Bern has been the most recognized construction company in Panama since 1978, always choosing the most premium locations and high-quality materials. They create the perfect environment so that residents and guests can enjoy in a safe and relaxed way.
This company has a privileged position not only in Panama, but also in the international market due to the long experience and impeccable reputation. Bern´s properties are known to last decades and always maintain the quality as the first day. They have developed more than 160 projects and more than 9 hotels.
If you want to make an investment that will last for generations, and which your children´s children will be able to enjoy, then Bern is the right choice for you.
- Tower A: Level 100 to 2400
- Tower B: Level 100 to 1900
- 281 apartments in total
- 4 main elevators and 1 cargo
- 24-hour security
- Main lobby with front desk
- Two social areas
- Visitors parking
- 753.47 sq. ft., 1,388.54 sq. ft. and 1,453.13 sq. ft.
- 1 and 2 bedrooms
- View of the Pacific Ocean
Two social areas:
Ground Level: roofed terrace, sun deck, pool and private beach access.
Level 300: includes multipurpose court, terrace, sun deck, gym, sauna, children's playground, room for private events, jacuzzi and family pool.
Prices and units
The 70m2 options were previously starting from $181,300, up to $230-250,000. However, we currently have a limited and exclusive promotional price of any apartment in Tower B on the sunrise side for just $175,000. These are easily convertible to a 2 bedroom as most investors prefer a second bedroom rather than a formal dining room.
Units in Tower A, closer to the ocean, are currently priced at $210,000, any floor available.
Developer financing is available, with very flexible terms and no pre-approval process, with either a 10% or 20% down payment.
Why to purchase through Mundo? - Exclusive Mundo promotions
At Mundo we are very proud to present Bern as our official real estate partner and thanks to this we can offer our Mundo readers special deals. If you contact Bern through Mundo, you will have a special property tour conducted by one of Bern´s most important realtors and also special financing options and a discount in property-management services.
With a 10% deposit for an apartment of $ 175,000:
- Pay the 10% deposit in 10 monthly credit card installments of $1750 - and receive delivery of the apartment after the first payment. That's INTEREST FREE for 10 months.
- Finance fee of $983.06 per month, with 7% interest on a 10-year finance plan.
- 4% annual contribution to the balance.
With a 20% Deposit:
- Finance fee of just $499.33 per month, with 4% interest on a 10-year finance plan.
- 4% annual contribution to the balance.
The larger 2-bedroom, 2-bathroom beachfront apartments are also stunning. There are only 2 per floor with ceiling to floor glass, a large balcony and similar to the front of a cruise ship. They are normally around $ 450-470,000, with sizing from 135 or 130 square meters depending if you prefer the sunrise or sunset view.
The current promotional price on these start at $427,000 for the 130m2, and on the sunrise side the 135m2 apartments are available at $445,000. For one of the 130m2 apartments. The monthly finance fee including IMTBS is only $228.45, at the super low interest rate of 0.75%, with a 20% deposit, financed over 5 years.
Of the 135m2 units, we have availability on the 8th floor, and in the 130m2 units we have availability on the 9th and 11th floors.
The HOA is $ 1.50 per meter sq., i.e. $105 for the 70 square meter apartments.
As a new build construction, the property is also exempt from property tax for 9 years. However, you will need to pay a yearly land tax, but this would be a small amount between $200 to $300 annually.
At Mundo we always offer our readers the best financial services and investment deals. The Royal Palm project in Gorgona beach can be an ideal place of residency or a fantastic investment from which you and the future generations can benefit.
This is a great opportunity that can be integrated to your Forever Free package, which is a package that will allow you to stay financially free in perpetuity, read more about it here.
If you want to know more about our special deals for the Royal Palm complex, please contact us. Enjoy the best of two worlds!
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