PanamaRealEstateGuide

Panamá Oeste

Panamá Pacífico

Panamá Pacífico is the master-planned town built on the old Howard Air Force Base, 12 kilometres from downtown Panama City across the canal, and it suits people whose lives do not depend on crossing the Bridge of the Americas at rush hour.


Entry price
Upper range
Projects
0
Elevation
13m
Climate
Tropical lowland, rainy season May to November
Prices as listed by developers

Before you shortlist anything here

Title not checked

The area is defined cadastrally rather than by neighbourhood name, which is unusually helpful. Ley 41 de 2004, as amended in 2009, fixes Panamá Pacífico by seven fincas at the Registro Público: 233284, 233287, 233289, 233292, 233295, 233296 and 233297. That is the test for whether a property is genuinely inside the area or merely near it, and it is worth applying, because several things marketed as Panamá Pacífico are not. We have not pulled the registry records parcel by parcel, so ask for the finca number of the specific unit and have your lawyer confirm it against those seven.

Now the part that costs people money, and it is the most misreported thing about this place.

Panamá Pacífico is a special economic area, and brokers, and even a law firm ranking near the top of Google for it, sell the tax exemptions as though they came with the house. Article 58 of Ley 41 does grant a long list of exemptions, including transfer tax and property tax on mejoras comerciales e industriales. Article 59, one article later, says this:

"Los trabajadores del Desarrollador, del Operador o de las Empresas del Área Panamá-Pacífico, los residentes y los visitantes del Área Panamá-Pacífico, no gozarán de los beneficios fiscales establecidos en el presente Capítulo."

Residents and visitors do not enjoy the fiscal benefits. The exemptions attach to three defined subjects only: registered Empresas del Área Panamá-Pacífico, the Developer, and the Operator. A private person buying a home is none of the three, and article 105 confirms the point from the other side by making visa holders here pay income tax and social security normally.

So what does a homeowner actually pay? What a homeowner in Costa del Este or Coronado pays, under ordinary national law: property tax under the Código Fiscal as reformed in 2017, with patrimonio familiar tributario relief on a main residence that has to be applied for rather than granted automatically. Any new-build exemption comes from the national regime, not from Ley 41.

Two related traps. The investor visa under article 101 requires at least B/.250,000 in the risk capital of a company in the area; buying a house or an apartment does not qualify. And there are two different laws called "Ley 41" (this one from 2004, and the 2007 multinational-headquarters law) and two called "Ley 66" (the 2017 property-tax reform and the 2018 amendment to this regime). Published summaries mix all four routinely, which is part of how the confusion propagates.

None of this makes Panamá Pacífico a bad purchase. It makes the tax pitch a reason to bring a tax lawyer rather than a reason to buy.

How to check which one you’re being offered →

What it costs to live in Panamá Pacífico

Asking prices inside Panamá Pacífico run from roughly $178,000 for a two-bedroom apartment to a little over $1 million, across roughly 100 to 145 listings depending on which portal you count. Published rents run about $1,200 to $1,500 for a one-bedroom, $1,500 to $1,800 for two, and $2,100 to $3,000 and up for a house.

Read the top of that range carefully, because a good part of it is not in Panamá Pacífico. Broker grids labelled "Panamá Pacífico" routinely include Playa Bonita and the Westin Residences, whose own marketing describes them as adjacent to the area, and Tucán Country Club, which sits in Cocolí in the distrito de Panamá rather than in Arraiján at all. Those listings supply most of the million-dollar end and inflate the apparent ceiling. Check the finca before you accept a price range.

No institution publishes a square-metre benchmark for this area. The market reports that cover Panama City district by district cover Costa del Este and Punta Pacífica and skip Arraiján entirely, which is itself informative: this is not yet a market with published comparables. For context, citywide figures put Costa del Este near $2,760 per square metre and Punta Pacífica near $2,700, and the listings here work out well below that. The discount is what the rest of this page explains.

We have found no reliable figure for maintenance fees in Panamá Pacífico, from any resident, in any language. Treat any HOA number you are quoted as unverified until you have seen two years of statements from the specific building.

Who Panamá Pacífico suits — and who it doesn’t

People whose daily life does not require crossing the Bridge of the Americas at peak. That is the whole test, and it is a narrower filter than it looks. Remote workers, retirees, people employed inside the area itself, and families whose schools are here all do well, and the residents who love it describe a quiet, green, low-density place with a 50-metre pool, a gym, 20 kilometres of cycle path and woods, twelve kilometres from a capital city.

It suits buyers who want new construction, planned infrastructure and a gated, orderly environment at prices well below Costa del Este or Punta Pacífica for comparable finish.

It suits families using the international schools inside the area: TRAIL, the Lycée Français International de Panama, Howard Academy and Magen David Academy. Note that the Metropolitan School of Panama, which some listings place here, is on the other side of the city.

And it suits people taking a long view of Metro Line 3 and the Fourth Bridge, both of which arrive near here around 2028 and would change what this address is worth. That is a bet on delivery dates in a country where infrastructure runs late, so size it accordingly.

The commute is the drawback and everything else is secondary. Every page selling this place says fifteen minutes. Every resident who has written about living here says an hour and a half to two hours at peak, a hard cutoff around 2 p.m. to get home before the lanes reverse, and 4 a.m. departures for people who work in the city. Both are true, which is precisely why the fifteen-minute figure misleads. The most useful thing a resident said about it: not commuting is not sufficient, because groceries, medical appointments and everything else still cross the bridge.

The second is how little of the master plan exists. The government's own logistics portal, with figures dated June 2026, records 1,300 residential units delivered against 30,000 projected, and 46,000 m² of office space against 350,000 planned. That is a little over four per cent of the housing, twenty years in. The businesses are real, around 415 companies and roughly 10,000 jobs, but you are buying into an early phase rather than a finished town, and the renders do not say so.

The third is amenities, where residents genuinely disagree. One who left after seven months described a handful of unremarkable restaurants, a small and overpriced grocery, and, less obviously, city restaurants that will not deliver this far. Another with four years here calls the infrastructure among the best in the country. Both are describing the same place at different points in its build-out, and that gap is the honest finding. The retail core is branded Cëntriqo, worth knowing because searching "Town Center" will show you a mall in Costa del Este instead.

Utilities split the same way. There are documented water outages affecting Panamá Pacífico and Veracruz, and residents report power and water interruptions tied to construction, while others report redundant supply and gigabit internet. Ask about the specific building rather than the area.

Two gaps we will not paper over: we found no reliable resident account of maintenance fees here, and nothing usable on hospital access from inside the area. The nearest public regional hospital is Nicolás A. Solano in La Chorrera.

If you need to be in the city daily and cannot control your hours, buy in the city. Our neighbourhood guide compares the districts expats actually choose, and Costa del Este is the nearest comparison for a planned, family-oriented alternative with no bridge in it. If you want the beach rather than a business park, Coronado is an hour further west.

Getting there and getting around

The advertised figure is fifteen minutes to Panama City, and it is true. Measured over the Bridge of the Americas it is 12 kilometres to the city centre, about eleven minutes on an empty road. The catch is that the road is empty only at hours you would not choose to travel.

The Bridge of the Americas opened in 1962 with four lanes and now carries a metropolitan area that grew up around it. To cope, the ATTT runs a lane inversion: as of March 2026, lanes reverse toward the city from 4:00 to 9:00 a.m. and back toward Panamá Oeste from 2:00 to 8:00 p.m. Residents describe the practical consequence better than any traffic study. You need to be off the bridge before the inversion flips, or you go the long way round via the Centennial Bridge and Clayton. Reported peak journeys run an hour and a half to two hours, some people leave at 4 a.m. to beat it, and when something goes wrong on the bridge it goes badly wrong: a tanker fire in April 2026 closed it and produced four-hour queues the next day. The bridge also still carries a 10-tonne load restriction, which the Ministry of Public Works has said stays until the Fourth Bridge is operating.

Relief is real, named, and years away. Metro Line 3 terminates at a station called Panamá Pacífico, the last elevated stop before the canal tunnel: 25 kilometres, 11 stations, commercial opening projected for 2028. The Fourth Bridge over the canal was around 40% complete at the end of July 2026, targeting December 2028. Either would change what this address is; neither helps in 2027, and the Fourth Bridge works are themselves on this side of the water.

There is an airport here. Panamá Pacífico International (BLB), the old Howard field, is run by Tocumen S.A. and handled about 394,000 passengers in 2024, with Wingo and Aeroregional flying mainly Colombian routes plus some Caribbean and domestic service. On the obvious question: residents asked about aircraft noise say it is not a problem, describing a small airport with the occasional take-off and an otherwise quiet neighbourhood. Traveller complaints are about the terminal being spartan rather than about traffic.

Inside the area it is a car place, though a pleasant one to move around: wide boulevards, roughly 20 kilometres of cycle path, parks and a lot of open ground.

Projects in Panamá Pacífico

0 listed

Nothing published here yet. Tell us what you’re looking for and we’ll send what’s available off-listing.

Prices as listed by developers · title status not yet checked

FAQ

Do homeowners in Panamá Pacífico pay property tax?

Yes. This is the most misreported thing about the area, and you will find pages ranking near the top of Google saying otherwise. Ley 41 de 2004 grants substantial tax exemptions, but article 59 states plainly that workers, residents and visitors of the area do not enjoy them. The exemptions belong to three defined subjects only: registered Panamá Pacífico companies, the Developer and the Operator. A private homebuyer is none of those, and pays property tax under ordinary national law, with the patrimonio familiar tributario relief on a main residence that has to be applied for. Bring a tax lawyer before you rely on any tax claim made in a listing.

Is it really 15 minutes to Panama City?

At three in the morning, yes. It is 12 kilometres to the city centre over the Bridge of the Americas, about eleven minutes on an empty road. At peak, residents consistently report an hour and a half to two hours. The reason is the lane inversion: lanes reverse toward the city from 4:00 to 9:00 a.m. and back toward Panamá Oeste from 2:00 to 8:00 p.m., so there is effectively a hard cutoff to get home before the flip, and missing it means going round via the Centennial Bridge. Both figures are true, which is why the advertised one misleads.

How much of Panamá Pacífico is actually built?

About four per cent of the planned housing. Panama's government logistics portal, with figures dated June 2026, records 1,300 residential units delivered against 30,000 projected, and 46,000 m² of office space against 350,000 planned. The commercial side is genuinely established, with roughly 415 companies and about 10,000 jobs. But twenty years after the concession began, this is an early-phase development rather than the finished town the renders show, and that is worth pricing in.

Why is Panamá Pacífico cheaper than Costa del Este?

The bridge, mostly. Citywide figures put Costa del Este near $2,760 per square metre and Punta Pacifica near $2,700, and listings here work out well below that for comparable finish. What you are being compensated for is a canal crossing between you and the city at peak hours, an unfinished build-out, and thinner amenities. Whether that discount is a bargain depends almost entirely on whether your week requires the bridge.

Is the airport noisy?

Residents say no. Panamá Pacífico International (BLB), the former Howard airfield, handled about 394,000 passengers in 2024 with Wingo and Aeroregional flying mostly Colombian routes. Asked directly about aircraft noise, residents describe a small airport, an occasional take-off and an otherwise very quiet neighbourhood. The complaints that do exist about BLB are about how spartan the terminal is, not about how busy it is.

Will Metro Line 3 actually reach Panamá Pacífico?

That is the plan, and there is a station named after it. Line 3 terminates at a station called Panamá Pacífico, the last elevated stop before the canal tunnel, on a 25-kilometre 11-station line with commercial opening projected for 2028. The Fourth Bridge over the canal was around 40% complete at the end of July 2026, targeting December 2028. Both would materially change this address. Both are also large Panamanian infrastructure projects with a history of slipping, so treat 2028 as a target rather than a date.

Is a listing described as Panamá Pacífico actually in Panamá Pacífico?

Often, but check. The area is defined cadastrally by seven fincas at the Registro Público under Ley 41: 233284, 233287, 233289, 233292, 233295, 233296 and 233297. Playa Bonita and the Westin Residences describe themselves as adjacent to the area rather than in it, and Tucán Country Club is in Cocolí in the distrito de Panamá altogether. Both appear in broker grids labelled Panamá Pacífico and both push the apparent price ceiling above a million dollars. Ask for the finca number.

Can I get residency by buying property in Panamá Pacífico?

Not through the Panamá Pacífico regime. Its investor visa under article 101 of Ley 41 requires at least B/.250,000 in the risk capital of a company operating in the area, not in real estate. Buying a house or an apartment here does not qualify for it. The national residency routes still apply to you exactly as they would anywhere else in Panama, so start from our residency guide rather than from the special-economic-area rules.

What are the schools in Panamá Pacífico?

Inside the area: TRAIL, which runs an American curriculum and is MEDUCA-accredited, the Lycée Français International de Panama, Howard Academy for ages 2 to 15, and Magen David Academy. There are also university campuses. One correction worth making, because it appears in listings: the Metropolitan School of Panama is at Green Valley on Vía Panamá Norte, on the other side of the city, not here.

Sources

  1. Asamblea Nacional — Ley 41 de 20 de julio de 2004, Gaceta Oficial 25103-A. Art. 2 (fincas 233284/233287/233289/233292/233295/233296/233297), art. 58 (exenciones a Empresas, Desarrollador y Operador), art. 59 (residentes y visitantes NO gozan de los beneficios fiscales), art. 101 (visa de inversionista B/.250,000 en capital de riesgo), art. 105 — checked 2026-08-16
  2. Gaceta Oficial 28675-B — Ley 66 de 13 de diciembre de 2018: reforma del régimen Panamá Pacífico, requisitos de sustancia, impuesto de capital 0.5%, y caducidad del impuesto de inmuebles (10 años para Empresas desde el 1 de enero de 2019) — checked 2026-08-16
  3. Ley 31 de 22 de junio de 2009, Gaceta Oficial 26309 — modifica los artículos 2, 8, 58, 60 y 117 de la Ley 41 de 2004; delimitación del área por fincas — checked 2026-08-16
  4. Georgia Tech Panama Logistics Innovation & Research Center (portal gubernamental) — Panamá Pacífico overview, datos de junio de 2026: 1,300 unidades residenciales entregadas de 30,000 proyectadas; 46,000 m² de oficinas de 350,000; 415 empresas activas; ~10,000 empleos — checked 2026-08-16
  5. Telemetro — ATTT, horarios de inversión de carriles vigentes desde el 2 de marzo de 2026: Puente de las Américas 4:00–9:00 a.m. hacia la ciudad y 2:00–8:00 p.m. en sentido inverso — checked 2026-08-16
  6. Mi Diario — cierre del Puente de las Américas tras el incendio de un camión cisterna (abril 2026) y colas de hasta cuatro horas al día siguiente — checked 2026-08-16
  7. MOP (vía Entremes Panamá Oeste) — la restricción de carga de 10 toneladas en el Puente de las Américas se mantiene hasta que opere el Cuarto Puente — checked 2026-08-16
  8. Mi Diario — corte de agua que dejó sin suministro a Panamá Pacífico y Veracruz (diciembre 2024) — checked 2026-08-16
  9. DGI — preguntas frecuentes sobre exoneración del impuesto de inmuebles y patrimonio familiar tributario (primeros B/.120,000 exentos en vivienda principal; requiere solicitud) — checked 2026-08-16
  10. OpenStreetMap / OSRM — Panamá Pacífico ubicado en Veracruz, distrito de Arraiján, Panamá Oeste; elevación SRTM 13 m; distancia por carretera al centro de la Ciudad de Panamá 12.0 km (~11 min sin tráfico) — checked 2026-08-16

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