Huge Golf Community Development Launched

Found this on Sam Talifero's Blog this morning:

Mega housing project announced near Panama City

Last year while attending the exposition of developers in Panama, we saw a model of a massive project called Panama Country Club that was to be built in the Costa Del Este area here in Panama. Since that time we have heard only rumors about the project. Today however, they made an official announcement that the project is finally getting underway and will be called Santa Maria Golf and Country Club (Saint Mary). According to one of the developers I spoke to about the project, it will be marketed to both locals and the wave of baby boomer's expected to arrive on these sunny shores over the next 10 years or so. The website is in English and Spanish and the catch phrase is "Be a part of Panama City's most exclusive private community".

With 5000 homes, they only have to build all the infrastructure and 500 homes a year to achieve their 10 year goal. It has taken me over five years to build just 200 homes of that proposed caliber, but I did not have the funding to bring in the manpower these boys do. Now lets just hope enough Boomer's wash up on our shores.

From Capital Financiero

Here are some of the stats.
Developers-owners

Carlos Pellas from Nicaragua—BAC – banco de america central—one of the richest man in Central America
Stanley Motta
Mello Aleman
Abdul Waked
Alberto Vallarino
Rafael Barcenas

http://www.santamariapanama.com/index.asp

Project at glance:

280 Hectares
5K homes
5 star hotel with 30 rooms
Jack Nicklaus 18 golf course