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P L AYA C A L O V E B O R A

C O S TA C A R I B E V E R A G U A S - PA N A M A


P r o p e r t y Descri p t i on Name District Province Country Size Beach River Legal status Price Info

Playa Calovebora Santa Fe Ve r a g u a s Panama 809 ha (2,000 acres) 1,800 m of beachfront (5,906 ft) 3,000 m of riverfront (9,843 ft) Titled 783 ha and Right of Possession 26 ha US$ 1.80 por m2 Crystalline water with calm seas Exotic fauna and flora Great investment opportunity! ideal for tourism

We b l i n k

http://www.caribbeanriviera.com/showcase-investment.php?i=ePlayaCalovebora

PLAYA CALOVEBORA

Beachfront | Frente de playa, Calovebora, Costa Caribe Veraguas

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Location Bordering the village of Calovebora to the west and the Candelaria river to the east.

Access PLAYA CALOVEBORA

Regional Map Panama

This property is accessible year round by car and by boat. The land has over 2 km of secondary road frontage that runs over the mountains from Santa Fe to Calovebora, for which the government has allotted funds to pave. The property borders the Candelaria river which affords year round boat access to the majority of the interior of the parcel.

Ve r a g u a s P r o v i n c e

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Description With world class characteristics and features, this property undoubtedly is one of the finest properties in Caribbean Riviera’s portfolio. Deep rivers transverse the land, and primary forest runs from the hills to spectacular white sand beaches. A coral reef in front of the property’s beach offers unparalleled diving as well as safe bay anchorage. Massive rock outcrops at the beach provide spectacular views of emerald green river water flowing into a crystal clear Caribbean Sea. The land is located less than 1.5 km (1 mile) east of the village of Calovebora. This village is located next to the Calovebora river which Wis the biggest river in the area and d i v i d e s t h e p r o v i n c e o f Ve r a g u a s and the Ngöbe Buglé Indian Reserve ( P r o v i n c e o f B o c a s d e l To r o ) .

P L AYA C A L O V E B O R A

C O S TA C A R I B E V E R A G U A S - PA N A M A

Beachfront | Frente de playa, Calovebora, Costa Caribe Veraguas

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P L AYA C A L O V E B O R A

C O S TA C A R I B E V E R A G U A S - PA N A M A

B e a c h C r y s t a l l i n e Wa t e r 5


Excellent to develop a beach resort

or simply for investment...

P L AYA C A L O V E B O R A 6

C O S TA C A R I B E V E R A G U A S - PA N A M A

Land with Palm Trees 6


Costa Caribe Veraguas The Caribbean Coast of Veraguas is defined by jutting cliffs and slow meandering rivers that cut across the untouched white palm lined beaches. This area is accessible by car through of the town of Calovebora that can be reached by 4x4. This town is the focal point of the government’s development plan for the region and is slowly becoming

a

tourist

hotspot

as

access and infrastructure improve.

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VERAGUAS

Veraguas is one of the central provinces of Panama, with coasts on the Caribbean Sea to the north and the Pacific Ocean to the South. Its name comes from the term “Veracua”, which is the term indigenous people used for this territory. It is the only province in the republic that touches both oceans, and like its next door neighbor, Chiriquí, Veraguas boasts an amazingly diverse set of micro-climates— mountainous, coastal and plains that house a corresponding abundance of plant and animal life. There are more than 200 varieties of orchids; more than 400 species of birds, as well as a wide range of mammals, reptiles and insects. Santiago is the capital of Veraguas with a good infrastructure and a variety of amenities including banking facilities, restaurants and a fair number of hotels. Because Santiago is rather a crossroads and a commercial center it continues to grow apace while still retaining a decidedly small town flavor. Santiago is a marketing center for rice, coffee, corn, livestock, and other products from the interior. Santiago is the halfway point on the InterAmerican Highway between Panama City and David and has a new modern bus depot and motel catering to travelers coming to and fro. 8

The city’s saint is the apostle Santiago, and every year on the 25th of July every year the town celebrates with walks, parades and fiestas. The celebrations are both religious and secular as the local folk take pride in the history and culture of their city. Thousands of people flock yearly to nearby Atalaya to celebrate the festival of Cristo de Atalaya, also known as Jesus of Nazareth. The celebrations start the day after Carnival and last until Sunday of that week. During this time as many as 200,000 souls flock to the district from Panama and abroad. Real estate interest in the province of Veraguas is concentrated mainly on the two coasts and is in its infancy. Relatively untouched and with much of the province having challenging access issues, this is one part of Panama that is truly an undiscovered treasure. 8


Santa Fe National Park

PLAYA CALOVEBORA

The Santa Fe National Park, one of several major National Parks in the Veraguas Province. Much like Panama’s better known town of El Valle de Anton in Cocle Province, it is situated in the center of an old crater, and is well known for its orchids, hiking trails, and waterfalls. Santa Fe is only 30 km more or less from the Caribbean “Mosquito Coast” to its north, but due to poor infrastructure, is most easily reached by the southern route. There are plans to develop better roads to the Northern coast. Once this is done, Santa Fe will no longer be “off the beaten track”.

WATERFALL NEAR SANTA FE On the way to Calovebora close to Santa Fé, this beautiful waterfall can be enjoyed by all. Settled in a deep, empty canyon, one swim at the waterfall’s base and surrounding deep pools, or hike alongside the river as it traverses up and down the lush hillside. A trip to the western portion of Panama should include a visit here.

Panama is a great place for ecotourism. P L AYA C A L O V E B O R A

C O S TA C A R I B E V E R A G U A S - PA N A M A

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“Mosquito Coast� The Caribbean Mosquito Coast (or Miskito Coast) historically consisted of an area along the Atlantic coast of present-day Nicaragua and Honduras, and part of the Western Caribbean Zone. It was named after the local Miskito (Mosquito) Indians as much of its Caribbean coastline was inhabited by Miskito Indians and long dominated by British interests. Through their colony on Jamaica the British were able to control the sea from the Chiriqui Lagoon, where Bocas del Toro is located to Belize. This area came to be known as the Mosquito Coast and was administered by the British from Belize, the mahogany colony, and Jamaica, the sugarcane colony. In order to try to keep the Honduran, Nicaraguan and Costa Rican Caribbean coasts under their control, the British tried to establish what came to be known as the Mosquito Kingdom. The Mosquito Kingdom was one of the remote hinterlands of the British Empire of the 19th century and the British only half-heartily supported it; they were content to stay in Jamaica and Belize. However, they did try to create a kingdom; the Mosquito Kingdom was officially inaugurated in the year 1816 when King George Frederick II was crowned at Belize with the Anglican Church ordaining the coronation.

Mosquitos Flag of the Mosquito Coast

The Mosquitos are native Indians of the Sumo-Mosquito group of the Mosquito coast on the Atlantic side of Nicaragua, and Honduras in Central America. They are a mixed race people evolved from local aborigines, Carib Indians, Negro slaves and Europeans. They were formerly protected by Britain, which thereby claimed a footing in Central America but this caused severe problems with the USA which culminated in the Clayton-Bulwer treaty of 1850. 10


WHY CALOVEBORA? About midway between Colon and Bocas del Toro, along Panama’s Atlantic coast, lies Calovebora. This small community, comprised principally of Indians, is one of the more developed in the region. Indian villages line the river as it travels inward, twisting through the mountains that lie just behind. A road is in the planning that would join this coastal community with the interior portion of the country, which would make this particular coastal community much more accessible. Rio Calovebora, as it winds its’ way south into the rugged mountainside, passes through numerous small Indian villages. Complete with schools and basic amenitiies, the people are very friendly and eager to please. The river can be run with shallow kayaks, and the surrounding hillside is perfect for mountain biking enthusiasts; the single trek path runs alongside this village en route to Calovebora. This is still a frontier, but now you come upon pockets where your cell phone finds a signal. The Cabañas, where we stay for our weekend visits, now boasts hot water and air conditioning in nearly every room. And the small roadside shops are expanding their inventory to carry more expat-friendly wares.

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ESCUDO DE VERAGUAS You don’t have to go any further than Panama to visit one of the worlds most pristine and undiscovered islands. Escudo de Veraguas is small group of islands situated 10 miles off the Atlantic coast of Panama. Inhabited only by local indians, these lush, verdant islands are surrounded by crystal clear turquoise waters, ideal for swimming, photos, snorkeling or relaxation, You will NOT find a more beautiful place in this portion of the world. Escudo de Veraguas is Panama’s undiscovered jewel, and can be easily accessed from Calovebora.

Calovebora is located in Veraguas, Panama. Latitude and longitude are 8.8° N and 81.2167° W.

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8 r e as on s t o i nve s t i n C a l ov ebora

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International Airport The government is committed to a second international access point into the country. It just hasn’t figured out where, exactly, to locate it. For sure, the new airport will be built somewhere along the coast west of Panama City, perhaps in Penonome maybe in Santiago. No matter where the new airport goes, though, the Caribbean Coast will benefit.

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Santiago Santiago, capital of the Veraguas province, is this country’s thirdlargest city and fastest-growing. It’s also the gateway to this country’s Caribbean Coast.

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Green Areas The area of Colovebora has one of the richest ecosystems on the planet. The terrain is mountainous and undulating, one reason the views are so “oooh” and “aaah” worthy. With each summit you clear and every curve you wind your way around, you come upon more and greater natural wonders. This until-now largely overlooked corner of the world hides some of Mother Nature’s finest work.

Hotel revenue increased by $38 million The revenue that hotels and restaurants had between January and September last year reached 650.6 million dollars, according to the latest report published by the Comptroller General of the Republic. This represented an increase of $ 38 million or 6.2% over the same period in 2009. The bulk of sales are what this business district located between Panama and San Miguelito, with $ 545 million recorded in the period, 5.6% more than in the previous year. But statistics show that in the rest of the country’s revenue from hotels and restaurants had a higher growth. Gross proceeds of them were $ 105 million, 9.2% more than in 2009.

Ngöbe Buglé Indian Calovebora is close to the Ngöbe-Buglé indian territory. This tribe was formerly known as the Guaymi. They are concentrated in the “Comarca (territory) Ngöbe-Buglé” which extends from Chiriqui to Bocas del Toro. The Ngobe Bugle indians are Panama’s best known indian tribe after the Kunas of Kuna Yala. The “Nagua” is the native dress of the Guaymi women. The Ngöbe Buglé are two seperate ethni-linguistic groups (The Ngöbe and the Buglé). They are Panama’s most numerous indigenous peoples with a population of about 180,000 Ngöbes and 10,000 Buglés.

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Ownership Title Buying a property with Ownership Title greatly enhances the value, security and viability of the overall investment. Titled land can be insured with larger title insurance companies like Chicago Title Insurance.

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8 r e as on s t o i nve s t i n C a l ov ebora

7 PLAYA CALOVEBORA

Tourism Hotspot

PLAYA CALOVEBORA

In the Sustainable Tourism Master Plan of Panama, Colovebora is appointed to be the new ecotourism destination.

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8 r e as on s t o i nve s t i n C a l ov ebora

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New Infrastructure

From Santiago to Santa Fe its 57 km. of paved road, narrow, winding, but paved at Santa Fe you turn off and change to gravel and start climbing, up down thru some of the most amazing territory of the country. The road from Santa Fe to Calovebora (see map I) will be asphalted within 12 months. Next to this a brand new highway is planed and currently being built all along the Caribbean Coast (see map II). The government will spend a significant amount of money to upgrade the Ruben Cantu Airport in Santiago as well.

map II

In Veraguas province, $116 million has been allocated for the repair, design and construction of roads and bridges. The work includes cleaning and resurfacing, construction of paved ditches, bridge building and maintenance, and drainage installation.

map I

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Why Invest in Panama?

Beautiful • Safe • Affordable • Regional Hub • Tourism Law • Metropolitan City • No Hurricanes 15


PANAMA

Panama has quickly become a preferred commercial partner for many organizations and countries, successfully attracting many billions of dollar to consolidate its position as main transport and commercial hub in Latin America; expansion of the Panama Canal and its container ports. Airports and improved and expanded, road systems are upgraded and even a metro is being built. Renewable energy projects coupled with new oil refineries are making Panama an energy-rich country.

All these foreign investments have increased the income per capita and effectively reducing unemployment to below 5%. Despite the financial crisis in the World; Panama manages to maintain its annual economical growth of almost 10%. Panama’s political and economical system is considered stable, reflected in the increasing ratings by international entities like S&P, Moody and others.

As an ideal retirement location, Panama has developed as an attractive relocation destination for many North Americans and Europeans alike. These buyers have been keen to take advantage of the excellent climate, low buying costs, low cost of living and excellent health care facilities. The benefits associated with obtaining residency in Panama have also won over the appeal of many as a prime location to plant a second flag for purposes of asset protection and wealth preservation. As a new market with clear, continued growth potential, Panama features high capital growth and rental yields of up to 11% per annum. Panama’s services, world-class beaches and lush mountains and forests have made Panama a popular destination attracting travelers and business people from all over the world. Always considered a beautiful tropical location, Panama now enjoys the distinction of being a top tourist destination, a prime location for retirement and a desirable country for business.

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10 r e a s on s t o i nve s t i n Pa n ama

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Security & Political Stability Panama is a Democratic Republic with no political unrest. The presence of The Panama Canal ensures that the international community will not allow Panama to become politically unstable. Panama enjoys a high rating for safety and a low crime rate in general.

Transportation hub of the Americas On an annual basis Panama’s modern airport and ports for cruise ships welcome over 2 million visitors and residents from all corners of the globe; Miami-Panama is less than a 3 hours flight. It has become the transit and economic hub of the Americas and will soon proudly possess cruise ship homeports on the Pacific and the Caribbean side.

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5

Investment Growth The country has demonstrated impressive economic growth, it has the world’s second largest free trade zone, after Hong Kong. With a much better infrastructure, Panama’s economic performance is better than most countries in Latin America, in fact, over the past 40 years, the country’s inflation rate has averaged less than 2% per year.

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Asset Protection & Off Shore Securities Panama privacy and banking laws are world class. Asset protection is a high priority and is protected by Panamanian law. Special laws have been formed to protect investor’s privacy and assets. Panama is in the process of signing tax agreements with numerous countries to further improve its position as an attractive financial center.

Low Cost of Living Living Expenses are at less than half of the rates in the USA. Eating out and entertainment is also at about half the cost of the USA. Medical expenses are less than one- quarter compared to the USA, and retired persons can get 50% off that already reduced cost!

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Weather Panama has a warm tropical climate with no hurricanes. Also no earthquake nor Tsunami has done damage to Panama for more than 100 years.

HURRICANE HISTORY

PANAMA

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10 r e a s on s t o i nve s t i n Pa n ama

7 8

Zero Property Taxes The Panamanian government is offering between 10 and 20 years of Property Tax exemptions for those purchasing property.

Ease of owning and financing Real Estate Any foreigner can own a property in Panama, under the same laws as if you were a Panamanian citizen. You can do it under your personal name, or under the name of a corporation. For financing of the property, the process is very similar to the process used in the US. Since the US dollar is the national currency, you will get the same conversion and financing rates as you would in the States.

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Ease of obtaining Visas for living in Panama There are several relatively easy ways to obtain a visa to live or retire in Panama.

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Ideal setting for an active lifestyle Panama is a destination for those looking for challenging surf, jungle exploring and vast, natural terrain for hiking, bike riding and fishing with warm tropical weather every day. Many restaurants and truly 1st World shopping malls and other amenities –including the Gehry Museum of Biodiversity- complete the offering.

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Playa Calovebora encapsulates

the investment potential of Panama

Land Investment Geographic Data

Legal Status

Size (ha) Playa Calovebora

Size (acre)

809 ha + 6410.92 m2

2,000.66 acres

Beach (m) Beach (ft) 1,800 m

5,906 ft

River (m) River (ft) Title (ha) 3,000 m

9,843 ft

783 ha

Title (acre) 1,935 acres

RoP (ha) Rop (acre) 26 ha

64 acres

Price: US$ 14,500,000.00 Negotiable

P L AYA C A L O V E B O R A

C O S TA C A R I B E V E R A G U A S - PA N A M A

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P L AYA C A L O V E B O R A

C O S TA C A R I B E V E R A G U A S - PA N A M A

F OR A DD ITION A L IN F ORM A TION P LE A S E REFER TO: IN FO@ C A RIBBE A N RIV IE RA .C OM OR C A LL US : +5 0 7 3 9 9 3 3 3 4

CARIBBEAN RIVIERA Vía Argentina con Calle Arturo Motta (Cabeza de Einstein) Edificio EmilSani, Mezanin, Oficina 1D Bella Vista, Ciudad de Panamá República de Panamá phone +507 399 3334 fax +507 399 3335 email info@caribbeanriviera.com www.caribbeanriviera.com

©2010 Caribbean Riviera. All rights reserved. Disclaimer: The properties and information in this publication are for information purposes only and all information is presented in good faith, but not guaranteed.

Playa Calovebora  

This land is one of Caribbean Rivieras most prized investments. The features of this parcel are world class. Deep rivers transverse the land...

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