A "new" Panama City neighborhood to consider
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- čas přidán 6. 08. 2023
- Not new to us who live here but new to most visitors, it has not received the same attention as other neighborhoods. I think its attraction not only lies in all that it offers, but also the potential for a higher rate of property value appreciation over the next few years.
Since the City of Knowledge's English language section has not been updated recently,, as mentioned in the video, this is the link to the Spanish homepage which you can translate as you like OR you can use the second link which should take you to an English translation.
Spanish - ciudaddelsaber.org/
Google English - ciudaddelsaber-org.translate....
This will take you to a n English presentation of the Metropolitan National (Natural) Park mentioned in the video - www.tripadvisor.com/Attractio...
This is a "map" of Albrook Mall. Click on it to expand it to full size. - albrookmall.com/images/MAPA/M...
This article in a local newspaper (La Estrella) will share all the details of the long struggle that finally led to the City of Arts development now reaching completion.
Spanish - www.laestrella.com.pa/cafe-es...
Google English - www-laestrella-com-pa.transla...
If you are looking for the Panama Wave project that helps newcomers find homes to rent or buy in the Panama City metro area, visit PanamaWave.com
David Nuñez continues his "walking tours" of Panama City at / @davidwalkingforyou
Holy smokes - I get a little bit behind on my CZcams queue and I miss the big cameo!!! Wuju!! Yes - we are really happy with our place and working with Bob and Maurice has been awesome!
Thanks so much!!
Thank YOU, Brandon and Vicki! Maurice and I are so fortunate to have great people like you to work with. It was and is a joy.
The Albrook neighborhood is my favourite. Ciudad del Saber is also great.
Hi Bob! I just found your channel and I’m so glad I
did 😊
I’ll be moving there from San Diego at the end of this year. I’m so excited! I can’t wait to explore beautiful Panama, meet new people and call it home 🌞
I will be contacting you and your team closer to my move and hopefully find a great place to rent in the city.
Thanks for the great video!
😊
That's great to hear! We would be happy to help you find a rental, just let us know when your schedule is set.
The El Cangrejo neighborhood is very underrated.
Thanks Bob, we’ll be in the city next week, I’m having cataract surgery. But we’ll have a week to explore more.
I had my cataracts removed here without incident, so I trust you will have the same experience! It made a big difference for me.
Very informative insight. Thanks Bob!
It's always my pleasure, Brian!
Mr Adams, your're the best Ambassador of Panama - thanks again for this interesting presentation. Have a great day
Thank you for the compliment, Gilbert! I do my best!
Great insight Bob. I will do my homework on the areas you've outlined. You are right when you say we need to take a longer-term view of our investments. For many reasons, we've been lulled into just looking at short-term opportunities. Ciudad de Saber sounds like a diamond in the rough that's about to be put on display in December 2023. This is all so exciting!
Sounds good, Terence! When you are ready and should you choose, let me know and Maurice and I will our best to help. But even if that's not the case, there's no reason we can't share a cup of coffee! I have met so wonderful people that way over the last two decades and look forward to meeting more!
@@panamawave
I am trying to research a little about El Dorado. I know I have to get my feet on the ground there too! btw, does La Cresta have departamentos or solo casas??
La Cresta has apartments, but it's a small area and there isn't as much selection as in other neighborhood. But if you find the right place, the view can be outstanding!
Great information. I do not stay in town, but if I need to fly into Tocumen and rent a car to drivd put to the far beaches, the construction is horrible. I learned to take the subway and the buses and it is much better and much less stressful. A bit of a newbie problem to get a Metro card and to figure out the bus tickets. I have done the park -- before tours -- and is was wonderful to see the jungle in the city.
Well, "old guy", that sounds like you know what to do and, best of all, you can catch the Metro right at the airport and take it to the bus terminal at Albrook, quick and cheap. You can't beat that! Gotta love the Metro.
@@panamawave And you can pay the fare with a contactless Mastercard/ Visa credit or debit card at the turnstile. Forget buying tickets or metro cards.
Thanks for great presentation. Is the reduced income from drought-related canal restrictions likely to affect development activities?
Good question, Jane! But keep in mind that it hasn't happened yet to any great extent. At this point, this is primarily speculation but based on very educated guesswork, so it is important that we are prepared for it.
If Canal income does fall, will it have an effect on development budgeting? Sure, of some sort, but nothing too dramatic from what is seen now. The shortfall could be as high as $200M, but that is only about 4% of annual Canal revenue of roughly $5B (that's billion), or 8% of the $2.5B budgeted last year to be shared with the government at the end of this September when the Fiscal Year (FY2023) ends and a new one (FY2024) begins. They still hope to be able to reach that level or very close to it.
It is the last quarter of the calendar year of 2023 and the first quarter of 2024 when concerns are greatest. Those are the first six months of FY2024. At that point, we may have to reduce the estimate for FY2024's contribution. Assuming the final approval of the new contract for copper mining, it should be noted that the increase in income from copper will be greater than $200M.
Of course, we never like to lose any income, but this is not Panama's "first rodeo" when it comes to shifts in rainfall, or global trade, or the economy. Not so long ago, people told us we would not recover to our pre-pandemic 2019 level of economic activity until 2024 or 2025. We did it by the end of 2021 and have not looked back since. We assume nothing, but Panama plans for the worst and works for the best.
Until then, this is just life in the 21st century. You play the cards you are dealt.
@@panamawave
Hi Bob: Why did I hear as lately as yesterday or the day before that China actually owns the Panama Canal?? That is what I believed forever until I rather recently found you…. ❤
Bob...have you done a video about the status of the Canal with regards to the drought?
William, if you scroll to the top of the page, you will find that I "pinned" a comment there in answer to that question. I h ope that helps.
@@panamawave Well...using my phone anyway... your reply is at the top...I can't scroll any further up. Maybe once the power is restored I can use my laptop and find it.
Well, it's a long one, William, but here it is again for you! Hope you can scroll down enough to get it all.
-----
Good question, Jane! But keep in mind that it hasn't happened yet to any great extent. At this point, this is primarily speculation but based on very educated guesswork, so it is important that we are prepared for it.
If Canal income does fall, will it have an effect on development budgeting? Sure, of some sort, but nothing too dramatic from what is seen now. The shortfall could be as high as $200M, but that is only about 4% of annual Canal revenue of roughly $5B (that's billion), or 8% of the $2.5B budgeted last year to be shared with the government at the end of this September when the Fiscal Year (FY2023) ends and a new one (FY2024) begins. They still hope to be able to reach that level or very close to it.
It is the last quarter of the calendar year of 2023 and the first quarter of 2024 when concerns are greatest. Those are the first six months of FY2024. At that point, we may have to reduce the estimate for FY2024's contribution. Assuming the final approval of the new contract for copper mining, it should be noted that the increase in income from copper will be greater than $200M.
Of course, we never like to lose any income, but this is not Panama's "first rodeo" when it comes to shifts in rainfall, or global trade, or the economy. Not so long ago, people told us we would not recover to our pre-pandemic 2019 level of economic activity until 2024 or 2025. We did it by the end of 2021 and have not looked back since. We assume nothing, but Panama plans for the worst and works for the best.
Until then, this is just life in the 21st century. You play the cards you are dealt.
@@panamawave Thanks Bob! And is it true that the authorities have been doing some sort of engineering study for a plan, for a project to transfer water from another part of the country to the canal?
Planning has been underway for some time and the extensive and detailed plan will be presented later this year, but the general outline is known and no surprise. It was already included in budget projections as a $2 billion project but that may be increased to speed implementation.
I love your videos and I’m also been watching Jackie’s Channel. In the next few months I’m trying to move to Panama, at least part time. I currently live in Texas and Acapulco but I’m thinking of leaving the US. I WILL Be moving alone and I’m wondering about meeting people in the city. If you read this please send me a reply and if you do phone calls I would happily pay for an appointment. Thank you so much for sharing.
Jan Newman
Jan, I cannot do phone calls or I would be swamped. Beyond that, you are always better off sitting in the nation where you may relocate and speaking face-to-face with a resident. When you can see and directly experience a nation or city, you will have the opportunity to speak to someone and then look for yourself.
As for meeting other expats in the city, you may go to an InterNations dinner group or other gathering for example, or join Facebook groups living in your area of interest and seeing what they have to offer. Of course, if you have picked up any Spanish while living in Texas or Mexico, all the better, but not a necessity! As for being a single woman, you are unlikely to have difficulties. Daytime is easy and, assuming you don't have a car of your own like me, if you have to go outside your neighborhood, Ubers are excellent transport here and much cheaper than in the US. The key is getting out and meeting people. You can do it!
But in any case, I never charge anyone for sitting and talking after their first arrival, or any other time for that matter! I especially do my best to be available for newbies who are visiting for the first time. It is always nice to have someone to talk to when you are new. So if you do come down, let me know and we can share a coffee!