Santa María reportedly moved $70M and 110 condos in a single recent month, with 170 units still in presale, per Panama Equity's own market coverage. We went looking at what's actually driving that — and came back tracking five new projects split across two distinct corridors.
Panama Equity Real Estate, an independent brokerage that covers the Santa María market closely, reported that recent sales activity there got "an additional boost from the opening of Santa María's next development phase and several successful project releases," totaling 110 condos and roughly $70 million sold in a single recent month. They also report 170 units currently in presale across the community, with new-construction reference pricing around $3,900/m² as of July 2026. We're citing this as third-party market color, not a Brax-verified figure — but it lines up with something we noticed independently while researching five new projects this week: two distinct corridors, each anchored by a repeat developer or architect.
Source: Panama Equity Real Estate market coverage. We have not independently verified these figures — treat them as directional third-party reporting, not confirmed transaction data.
Santa María Golf & Country Club is built around a Jack Nicklaus-designed 18-hole course, and it's where we're now tracking two new presale projects. Oceana Residences & Skyhomes, developed by Grupo Los Pueblos (GLP), spans two collections — Sky Homes and Residences, the latter including a 180º-view collection designed by Edward McGrath & Associates — with 42 reported amenities. Arena, developed by Casa Propia Signature and designed by Mallol & Mallol Arquitectos, faces hole 16 directly and leans into exclusivity: two 20-level towers with only two units per floor, each served by its own private elevator. Neither project publishes official pricing — Oceana routes to a "Quote Now" inquiry, and Arena has no price published anywhere we could find, official or third-party.
Costa del Este is a planned business and residential district east of the city, and it's where the other three new projects sit. BLAU, from 30-year developer Grupo Provivienda, leans wellness — pools, a swim spa, a dedicated pet program — over golf access. Bioma, developed by TheVelopers and designed by Mallol Arquitectos, is a large, entertainment-heavy tower reportedly around 58 floors. Ipanema Waterfront Residences, also from GLP, sits directly on the Costa del Mar waterfront — but its own site currently lists it as "Coming Soon," not yet in active sales.
The same two names show up twice, in two different corridors: GLP is behind both Ipanema and Oceana; Mallol & Mallol is behind both Bioma and Arena. That's not proof of anything on its own, but it's exactly the kind of pattern worth knowing before you're standing in a sales office being told a project is one-of-a-kind.
We're publishing all five of these pages with pricing gaps deliberately visible rather than filled in with guesses. BLAU and Bioma have third-party-reported starting prices that neither developer has confirmed directly. Oceana's pricing is gated behind a sales inquiry. Ipanema hasn't opened sales. Arena — the least-priced of the five — has no number attached to it anywhere we could find, official or third-party. If a broker quotes you a firm number on any of these today, ask where it's coming from.
No — that figure is reported by Panama Equity Real Estate, a third-party brokerage covering the Santa María market, for a single recent month. We're citing it as market color from an independent source, not a number we've independently verified or that any of the five projects on this page have confirmed.
Santa María is a golf-course community built around a Jack Nicklaus-designed 18-hole course, with projects like Oceana and Arena facing the fairways. Costa del Este is a planned business and waterfront district with projects like BLAU, Ipanema and Bioma, oriented toward wellness amenities and, for Ipanema, direct waterfront access rather than golf.
Grupo Los Pueblos (GLP) is the developer behind both Ipanema (Costa del Este) and Oceana (Santa María). Mallol & Mallol Arquitectos designed both Bioma (Costa del Este) and Arena (Santa María). Seeing the same name on two projects in two different corridors is useful diligence context, not a guarantee of quality.
No. Pricing is developer-confirmed for none of the five as of this writing. BLAU and Bioma have third-party-reported price ranges; Oceana is quote-on-request; Ipanema is officially "Coming Soon" with no published pricing; Arena has no pricing published anywhere, official or third-party. Each project page states this explicitly.