Panama City, Panama
Price from
$306,653
US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.
$5,775 / m²
+20% vs the city median (Panama City), sample of 5 projects
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Data verified Aug 5, 2026price source: developer partner networkupdated 25 days ago
Properties
Hotel unit
Area
53 - 85 m²
Bedrooms
1
Readiness
Under construction
Available
2 of 2
Dry season
Feb, Mar, Jan
Properties
Hotel unit
Area
53 - 85 m²
Bedrooms
1
Readiness
Under construction
Is this expensive for the city
$5,775per m²pricier than 100% of city projects
+20% vs the city median (Panama City), sample of 5 projects
Rate as of 2026-08-30, city data updated 2026-08-30. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue.
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What it really costs
Payment plan
Step 1
On contract
100%$306,653
The developer may revise the payment schedule. Confirm the current terms before the deal.
ROI Calculator
A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.
Ask agent about rental ratesTelegram$1,090
$13,080
5.6%
4.3%
$410,371
55%
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When is the season here
Driest months: Feb, Mar, Jan
Wettest months: Oct, Jun, Nov
Dry months per year: 6. A month counts as dry when its rainfall is below the annual median of monthly rainfall.
| Month | Temperature, °C | Rainfall, mm |
|---|---|---|
| Jan | 26.6 | 20 |
| Feb | 26.9 | 9 |
| Mar | 27.5 | 18 |
| Apr | 28.1 | 107 |
| May | 27.8 | 245 |
| Jun | 27.4 | 253 |
| Jul | 27.2 | 204 |
| Aug | 27.2 | 220 |
| Sep | 27.1 | 245 |
| Oct | 26.8 | 260 |
| Nov | 26.7 | 248 |
| Dec | 26.8 | 108 |
Source: NASA POWER, climate normal (2001-2020). Grid node 9.0, -79.5. This is a multi-year normal, not a weather forecast.
About the project
Properties
Hotel unit
Status
Under construction
Total units
2
Available
2
Area
53 - 85 m²
Properties
Hotel unit
Status
Under construction
Total units
2
Available
2
Area
53 - 85 m²
Description
Mercan Group is building Panama City Central by Pullman as a single building holding just two units, both currently available. The property type is a one bedroom hotel unit, and construction is still underway.
Unit sizes range from 53.1 to 85.25 square meters. Prices start at 306,653 USD and go up to 492,319 USD, with a price per square meter of 5,775 USD. With only two units in the entire building and both still on the market, buyers can choose between the smaller and larger layout without competing over the full range.
The project sits in Panama City, Panama. Each of the two units carries one bedroom. The building count for this development is one, meaning the whole property is concentrated in a single structure rather than spread across a complex.
At this stage of construction, buyers evaluating Panama City Central by Pullman have access to confirmed figures on unit count, floor area, and pricing, with two one bedroom units forming the entirety of what this address in Panama City currently offers.
Location
Panama City, Panama
Market context
Panama City price per sqm
$1,804‑$2,483
Panama City rent growth
12%
Gross rental yield
6.8%‑9.5%
Home sales growth 2023
20.7%
Foreign buyer share of new builds
34%
+15 pp since 2020
Residential prices in Panama City are recovering, with average values now between $1,804‑$2,483 per square metre, reflecting modest upside. Rental demand remains strong, as city rents rose about 12% year‑over‑year in Q1 2025 and gross yields sit between 6.8% and 9.5%. Foreign investors are increasingly active, accounting for 34% of new‑development purchases in 2023, drawn by tax‑friendly policies and residency programmes.
Sources (6) · updated 21/08/2026
- Panama City FL Real Estate Market 2025 Trends & Outlook
- Panama Property Market Forecast 2025 - Benoit Properties
- Panama Real Estate Market Forecast: Trends and Opportunities
- Panama Property Market Outlook for 2026 - TheLatinvestor
- Panama Real Estate Market Report for Q1 2025: A Market in Transition
- Panama Market Update 2025 - Overseas Property Alert
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