About the project
Ipanema Residences is a seafront apartment tower by Grupo Los Pueblos in Costa del Este – a modern master-planned community in Panama City that serves as a hub for bank headquarters, corporate offices and international schools.
The building was designed by Mallol Arquitectos using a sail as the conceptual form. The developer describes this as an architectural landmark for the area.
Apartments at Ipanema
The project offers one- to three-bedroom apartments, finished with a palette and materials inspired by the sea: wood grain and ocean tones. All units feature Pacific Ocean views.
Floor areas for each unit type have not been disclosed by the developer in current documentation.
Approximately 5,000 m² of amenities
The developer has announced approximately 5,000 m² of common living space, along with access to a private artificial beach and the Costa del Mar sports complex.
The health and sports group includes a wellness centre, spa, yoga room, TRX training, weight and boxing area, spinning, Olympic lap pool, jacuzzi, water yoga, sea lounge, and running track. The social and entertainment group includes a club area, Bistro Flex Lounge, cinema, sports bar, BBQ area, fire pit, outdoor lounge, teen and adult lounges, common room, Kids Cove, and children's pool. The Costa del Mar sports complex features a tennis court, two football pitches, two basketball courts, and a children's playground.
The project also provides a 24-hour internal shuttle service, transporting residents to key points within Costa del Este.
Grupo Los Pueblos — developer
Grupo Los Pueblos has been operating since 1985, having delivered over 26,000 units and developed 6.2 million m² in Panama, following a model of self-design, self-construction, self-ownership, and self-management. Its in-house property management division has operated since 2010 and currently manages over 300 rental units in Panama.
Industry recognition: Top 10 Latin American developers — Premios LADI 2025 awards, FIABCI and ACOBIR Master Real Estate awards.
Panama Qualified Investor Visa programme
Panama grants permanent residency to investors who purchase titled property in the country, with a minimum threshold of US$300,000. Permanent residency is granted from day one, with processing taking approximately 30 to 45 days, and no physical presence is required for the application. The application includes a spouse, children, and dependent parents. Maintaining residency only requires entering the country once every two years, and investors are eligible to apply for citizenship after 5 years of permanent residency. The asset must be held for at least 5 years.
Panama uses the US dollar, applies a territorial tax system so income generated outside the country is not taxed, and has over 70 international banks in operation.
The sale price for each unit has not been announced by the developer. Confirmation from Grupo Los Pueblos is required before verifying whether a specific unit meets the US$300,000 threshold.
Ownership conditions and notes
Foreigners are permitted to hold property in their own name in Panama with rights equivalent to those of citizens, with assets registered at the Panama Public Registry.
All project images are illustrative renderings and, as noted by the developer, may not accurately reflect the final product. Prosperous Living Investment recommends that investors request a price list, floor areas for each unit type, payment schedule, and handover standards in writing before placing a deposit.
Project gallery
Price list
| Unit Type | Floor Area | From |
|---|---|---|
| 1-bedroom apartment | Pending developer announcement | Contact |
| 2-bedroom apartment | Pending developer announcement | Contact |
| 3-bedroom apartment | Pending developer announcement | Contact |
Key amenities
- Approximately 5,000 m² of common living space
- Private artificial beach at Costa del Mar
- Wellness centre and spa
- Yoga room, TRX, weight and boxing area, spinning
- Olympic lap pool, jacuzzi, water yoga
- Sea lounge and running track
- Khu club và Bistro Flex Lounge
- Cinema and sports bar
- BBQ area, fire pit, outdoor lounge
- Teen and adult lounges, common room
- Kids Cove and children's pool
- Tennis court, 2 football pitches, 2 basketball courts, children's playground (Costa del Mar area)
- 24-hour internal shuttle service
Nearby amenities
- Costa del Este (banking and office district): project located within the area
- Costa del Mar artificial beach: a few steps from the apartment
- Costa del Mar sports area: on-site
Site plan
Panama Viejo Residences
Costa del Este, Panama City
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Bayside, Veracruz
VENTU Homtel
Balboa, Panama City
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