Brief Background Proposal Why Panama (reiteration)? Azuero Penninsula Overview Cambutal Overview Cerro y Mar (our project) 2
NY Times Go for the Canal, stay for everything else The New York Times chose Panama as the Number One Place to Go in 2012. http://www.travel.nytimes.com/ 2011 tourism reached record levels surpassing Costa Rica as the regional leader. Panama s thriving economy and investment incentives has firmly established it as Latin America s best destination for tourists, retirees and multinational corporations, alike. 3
Two oceans and 1,554 miles of coastline Why Buy in Panama? Stable Political and Economic environment make Panama the safest place to invest in Latin America. Fastest growing economy in Latin America (8% GDP growth 2011). Consistent annual property capital appreciation. Low cost of living and numerous tax incentives for buyers, investors and retirees. US branded hospitals and medical facilities. Medical tourism destination. US Dollar is legal currency. Low inflation rate climate. Strong banking sector with over 100 financial institutions. Direct flights from over 30 cities. 4 Continued Investment US$5 billion expansion of the Panama Canal underway to accommodate Post Panamax ships. Expansion of regional airports and infrastructure to support increasing commerce and tourism. Dynamic and growing hotel sector, first Waldorf Astoria in Latin America set to open in 2012. US$750 million development of Panama Pacifico; a major retail, residential, and corporate complex. Redevelopment of Casco Viejo, Panama s old colonial city rapidly becoming a focal point.
The Azuero Peninsula is located in the Province of Los Santos and has long been a touristic haven. It s soft sand beaches, gently rolling hills, world class water sports and national parks make it a tourist and ex-pat mainstay. Due to infrastructure growth, real estate values in Azuero will continue to trend upwards. Demand from locals, tourists and retirees remains strong. Azuero continues to be one of the fastest growing areas in Panama. With the highway expansion between Divisa and Las Tablas set for completion in 2012, access to towns like Chitre, Las Tablas, Pedasi and Cambutal will be easier than ever. Airlift will also increase. Other improvements include a new modern shopping center in Chitre and new hospitals in La Villa de Los Santos and Pedasi are under construction. 5
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Jewel of the Azuero Peninsula Cambutal is located at the southern most point of the Azuero Peninsula, approximately one hour from the town of Pedasi. Cambutal is nestled between Cerro Hoya National Park, Isla Canas and Coiba Marine Park and boasts some of Panama s most beautiful rainforests and virgin beaches. Cambutal has long been a popular surfing and touristic destination. The area is known as the Tuna Coast due to the fact that Cambutal is considered to offer some of the best sport fishing in the Americas. 7
Jewel of the Azuero Peninsula Cambutal is one of the last undeveloped areas on the Azuero Peninsula. Development has been slow due to the lack of available titled land and experienced developers capable of delivering fully entitled lots and condominium units to buyers. To date, the majority of real estate offered on a for-sale basis has been in the form of large untitled land parcels. Cerro y Mar is the only master planned community in the market offering fully entitled homesites on a for-sale basis. 8
Jewel of the Azuero Peninsula The drivers for demand in Cambutal are clearly in the form of retirees (US, European, and Canadian) looking for more reasonably price real estate than found in developed areas like Pedasi and Coronado, Panamanians from interior cities like Chitre and Las Tablas looking for weekend homes, and other Europeans (especially Italians) seeking safe harbor from the economic downturn. Cambutal land values are expected to increase significantly over the next 18 months as developers, retirees and locals continue to discover the area. The recent approval of the Los Buzos Marina and recently completed highway infrastructure are expected to attract more tourism and buyers to the area. 9
The best of both worlds Cerro y Mar is Cambutal s premier master planned community and one of the few developments in Panama to offer buyers a unique opportunity to purchase both lush tropical hillside homesites with spectacular views and beautiful beachfront condominiums. Our development team is comprised of seasoned professionals considerable experience investing in, developing, and selling real estate in Latin America. Our goal is to offer buyers exceptional real estate opportunities at reasonable price points in one of the most beautiful destinations in Panama. 10 Playa Cambutal Beach
The best of both worlds Cerro y Mar offers fully entitled real estate at a fraction of the price of competitive developments in the Azuero Peninsula. Cerro y Mar will commence development of Phase I infrastructure in December 2012. Pre-sales began in July 2012. Phases II and III will commence presales in Q1 2013. 11
The best of both worlds Cerro y Mar will be developed as follows: Phase 1 60 homesites ranging in size from 800 to 1,300 M2 (8,600 to 14,000 SF), Beach Club. Homesites start at US$25,000 for LIOS buyers; Phase 2 Casa Club and pool (Phase 1); and 30-35 beachfront condominiums ranging in size from 75-100M2 (approx. 750 to 1,000 SF); and Phase 3 20 to 30 hilltop estate lots (size TBD) *Cerro y Mar reserves the right to modify the development plan at any time 12
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An eco & cultural adventure Catch the renown surf breaks of Corto Circuito, 411, and Dinosaurio. Tuna Coast: Enjoy world class sports fishing right off the coast. Hike the rainforests of Cerro Hoya Park and surrounding areas. Experience miles of virgin beaches. Visit sea turtle sanctuaries on local beaches and Isla Canas. Visit Playa Venao and the quaint town of Pedasi as well as Las Tablas, the home of Panama s largest Carnaval celebration. 14
Surf Pic Fishing Pic Wildlife Pic 15
Cambutal Scenic Coastline 16
Hotel Playa Cambutal & Environs 17
Sunrise in Cambutal 18
For more information on this exciting opportunity please contact: 19