All Eyes On Chitre
Friday, September 30, 2011 17:12
Side view of the new mall in Chitre.
The 1st international modern indoor Mall opened its doors to Chitre residents on February, 2011.
The large retailer, Madison was among the first to acquire a prime spot on the 1st floor, and offers everything from clothing and shoes, kitchen supplies, home decor and furniture. Since then, Chains such as Grupo Rey Supermarket, Lumicentro, Pharmacia Arrocha, McDonald’s, Kentucky Fried Chicken, and the Banesco Bank have populated the brightly colored structure. The project anticipates approximately 25,000 people per day in traffic which will consist of locals and through traffic to and from Pedasi.
With Panama City being quite saturated already, Chitre seems to be the logical choice for expansion with the increasing development of Apartments and Houses in Chitre, investment, and affluence in the region of Herrera and Los Santos, Increased commercial investment and development such as this is anticipated in Chitre and the Los Santos area for years to come.
A residential project Villas Del Sol II which is 1km from the mall began construction in 2008 and was completed in August this year (2011) by a local construction company, Immobiliria R y R. The houses were priced from $60,000 – $120,000; the demand was so high that there was a waiting list for the remaining units and many people still go to the project looking for resale’s. Many that bought were local residents, families from Panama City and some international retirees.
There are a number of Chitre commercial real estate and residential opportunities in construction right now and we expect the prices to increase as many people are moving to the countryside to escape the hustle and bustle of the Panama City way of life.
Author: Knightsbridge Panama, Chitre
Julie Estrada says:
October 2nd, 2011 at 4:32 pm
Chitre es el lugar! Soy panamena y he viajado fuera de Panama y siempre he dicho: Nada como Panama! Pero desde que tuve la oportunidad de viajar a Chitre ME ENAMORE! y ahora minimicé mi dicho a: Nada como Chitre! Chitre tiene TODO lo que tiene la ciudad de Panama pero SIN ESTRES! La gente es maravillosa, amable y serivcial, el trafico es minimo, hay super mercados 24 horas, hay proyectos residenciales hermosos, en fin la calidad de vida es increible.
Sara Dominguez says:
October 4th, 2011 at 9:55 am
Toda mi niñez la pasé en Azuero. Viví en la capital y en el exterior. NIngún lugar se compara con todas las comodidades que tenemos en esta tierra hermosa llena de cultura, tradiciones, folclor, gente hermosa, trabajadora, honesta y echá pa´lante. Regresé a este maravilloso pueblo por la seguridad que tienes de caminar por sus calles, de conocer a los amigos y padres de tus hijos, de mantener la puerta de tu casa abierta, de pedirle el poquito de leche o azúcar a tu vecino porque se te acabó y con una sonrisa te la regalan. A un par de minutos te encuentras con claras aguas del océano. Te comes un excelente plato de mariscos en un restaurante o en un rancho del área y hasta tienes la oportunidad que los regionales te deleiten con sus vernaculares salomas. Entre otras cosas, como sus super mercados, restaurantes, almacenes, etc; excelentes proyectos se realizan. Inmobiliaria R y R (507-6676-4851) es una de las mejores constuctoras del área. Proyectos que son hogares tanto para los lugareños como para extranjeros que se sentirán en su casa.
Leidys says:
October 5th, 2011 at 9:04 am
Soy Panameña, nacida en la provincia de Herrera. Actualmente vivo en Panamá, pero a cualquier turista, extranjero o panameño, le recomendaría vivir en dicha provincia; lejos de los peligros de la ciudad, del ruído de autos, contrucciones, aire no contaminado, rios y playas cercas y hermosas. Rodeado de sitios turísticos. Con gente siempre a la disposición, variedad de comidas, cine, mall, restaurantes, todo cerca. Para que pedir más ? Chitré…la ciudad que crece sola y donde nadie es forastero. En fin.. si aún no conoces Chitré, te hago una cordial invitación, y saca conclusiones tu!
Glenda Green says:
October 5th, 2011 at 9:14 am
What I really love about Chitre is “the people”: people care for each other…also it is a very secure area and it has everything you need
I LOVE CHITRE!
Luis A. says:
October 5th, 2011 at 2:52 pm
The people, the security, the friendly and quiet environment, and the special culture of this small place, makes Chitre the most wonderful place to be!
Investing in Chitre says:
November 5th, 2011 at 10:35 am
With many countries pricing people out of their comfort zone, many are packing up and moving overseas to Places like Panama Latin America where the cost of living is much more realistic. Examples of living in Chitre, Herrera province. For a 3 Bedroom house; a maid will cost you $120 US per month, Electricity (1 Air Conditioner) $30 US, Water $7, internet $30 Per month, 1 week food for 3 $80. Plus the fantastic discounts that are offered on the pensionado visa with takes around 2 weeks to arrange and allows you to stay in the country without limitation. Chitre is by far the 1st choice for many locals as well as the international marketplace who see the potential increase in investing here now.