5 photos from the developer
Preselling
Madero
Costa del Este, Panama City
from $527k to $1.48M
- Unit types
- 3
- Smallest unit
- 182 m²
- Bedrooms
- 3–4
- Status
- Preselling
- Area
- Costa del Este
Madero sells the largest apartments and the cheapest square metres of any Costa del Este tower we track, and the rate barely moves across the building. The smallest floor plan the developer publishes is 164 m², and a Panamanian portal attaches the $527,324 entry price to that unit, which works out to roughly $3,215 per square metre. At the other end, The Agency Panama lists a 429.68 m² unit inside a range topping at $1,475,091, or about $3,433 per square metre. Bioma, in the same district, starts at $342,000 for a 65 m² unit, about $5,262 per square metre, and even its largest model prices at roughly $4,180. Small apartments always carry a per-metre premium, so part of that gap is structural rather than a bargain. The rest is Madero's actual position in the market. It is a 47-storey tower with three apartments per floor, three and four bedrooms, service quarters and two to three parking spaces per unit, and no studio or one-bedroom product at all. The second thing worth knowing is the developer. Grupo Valor built Marea I and Marea II on Avenida Paseo del Mar in this same district and delivered both. You can walk into a finished Grupo Valor building in Costa del Este and look at the finishes before you sign anything for Madero, which is more than most towers selling here off a rendering can offer.
Madero prices and floor plans
| Unit | Beds | Baths | Size | From |
|---|---|---|---|---|
| Tipo C | 3 | — | 182 m² | — |
| Tipo B | 4 | — | 231 m² | — |
| Tipo A | 3 | — | 183 m² | — |
Where Madero actually is
We could not establish which lot Madero sits on. The developer's own site, ACOBIR's project listing and every broker page we checked place it in Costa del Este without naming a street. The Agency Panama's page, which ranks near the top for the project name in English, publishes the address as Calle 48 y Calle Uruguay, Bella Vista. That is the brokerage's own office in a different part of the city, not the tower's location. Treat any address you see quoted for Madero as unconfirmed until the developer shows you the plano.
What we can say about the lot is indirect. Grupo Valor's two finished towers in this district, Marea I and Marea II, sit on Avenida Paseo del Mar, the seafront avenue running along Costa del Este's roughly 4 km boardwalk. Madero's marketing leans on proximity to that boardwalk and to the district's parks, but nothing we found confirms it shares that frontage. Ask the question directly. At these prices a Paseo del Mar lot and a lot three blocks inland are different products, and the difference is not recoverable after signing.
One claim in the developer's own copy does not survive checking. Madero is advertised as five minutes from downtown Panama City and five minutes from Tocumen International Airport. The airport is about 12 km away by the Corredor Sur toll road, and the run to the banking district stretches badly at peak. The Costa del Este area page covers the district's car dependence and the gap between distance and travel time here. Test the commute yourself at 7am before you decide the location works.
What’s included at Madero
- Infinity pool
- Equipped gym
- Padel and five-a-side football courts
- Sauna
- Events room
- Poker room
- Children's and teens' recreation areas
Who Madero suits — and who it doesn’t
Families who need three or four bedrooms plus service quarters and two to three parking spaces, in a district with international schools, corporate offices and private hospitals close by. Buyers chasing the lowest price per square metre available in a new Costa del Este tower who can reach a $527,000 entry ticket. Owner-occupiers more than yield investors, since nothing in the unit mix is sized for the price band that is actually moving in Panama City. Buyers who would rather take pre-construction risk with a developer that has finished, inspectable buildings a few streets away than with a first-time promoter.
The entry price sits outside the segment that is actually selling. Panama Equity's own market update for 2026 (checked 4 August 2026) reports the $300,000 to $400,000 band more than doubling year over year, 104 units in June 2026 against 42 in June 2025, while roughly 15,499 developer units remained available for sale nationally as of May 2026. Madero's cheapest apartment is $527,324. Nothing in the building competes in the band with the demand behind it, which matters most on resale, when you are selling a 179 m² apartment to a much smaller pool of buyers than a two-bedroom would reach.
Published figures still disagree about what the entry price buys. The developer's own site advertises from $530,000, ACOBIR opens Model A and Model C at $569,000, and Panama Equity's building page starts at $600,000, while the $527,324 floor appears on The Agency Panama's page and on a Panamanian portal that pairs it with a 164 m² unit. Unit sizes are worse. The figures in circulation are 164, 179, 182, 183, 186, 226, 228, 231 and 242 m², and our own synced model list is a further variant again at 182, 183 and 231 m². Ask for the developer's current price list with the floor plan schedule attached, and confirm which model the advertised entry price actually belongs to before you compare a rate per square metre to anything.
Delivery has no reliable date. Panama Equity says 2029, The Agency Panama says 2030, and one Panamanian listing portal still shows 2026, which is not credible for a 47-storey tower still in pre-sale. That is a spread of four years on a purchase you fund during construction.
We could not locate a public construction permit or Registro Público filing tied to this project. That is normal at this stage and it was also true of Bioma, but it means early buyers are relying on the developer's paperwork rather than a public record until units are titled.
The amenity offer is lighter than the price suggests. The developer publishes 2,383 m² of common area across the tower. Bioma, which sells cheaper units in the same district, publishes over 7,000 m². If shared amenity space is what you are paying for, Madero is the thinner package.
No maintenance fee has been published. At Madero's unit sizes that gap is expensive to leave open: on a 179 m² apartment the difference between $2.50 and $3.50 per m² per month is roughly $448 against $627, and on the 242 m² model it runs $605 against $847. Ask for the projected fee in writing before you reserve.
Before you buy at Madero
Madero is in pre-sale. We found no evidence of construction having started, no public construction permit, and no Registro Público entry tied to the project. Title status is therefore unknown and we have not pulled a finca number. Nothing here has been verified against the registry by our reviewer, and you should not read the area's titled status as covering this specific building. Costa del Este as a district is titled, but a pre-sale unit is sold under a purchase promise (promesa de compraventa) rather than a deed, and the finca for your specific apartment does not exist until the horizontal property regime is registered. How that works, and what changed under Ley 284 of 2022, is set out in our condo buyer's guide.
We could not find a published deposit or payment structure for Madero. Comparable Costa del Este pre-sales in this bracket ask a small reservation fee followed by a staged down payment during construction, but we are not going to quote a percentage we did not see in Madero's own terms. Ask for the payment schedule and the reservation amount in writing at the first meeting, and ask whether the reservation is refundable.
The developer is Valor Development Corp., trading as Grupo Valor, which lists Marea I, Marea II, Solana, Aria and Portales among its delivered projects and has towers under way in Santa María, Casco Antiguo and Costa Verde. Marea I and Marea II are in Costa del Este and finished, so their delivery record in this district is inspectable rather than claimed. We did not independently verify whether either was delivered on the originally quoted schedule.
Before you commit any money, have a Panamanian attorney pull the construction permit and the plano for the lot, confirm Valor Development Corp.'s corporate registration and that the selling entity is the one that owns the land, read the promesa de compraventa's deposit-forfeiture and delay clauses, and confirm whether the contract carries a delay penalty and whether it applies automatically or only on written claim. The general sequence and who files what is covered in our buying process guide.
FAQ
What does an apartment at Madero actually cost?
Our range is $527,324 to $1,475,091, which matches what The Agency Panama publishes (checked 4 August 2026). The useful number is the rate underneath it. ACOBIR, the Panamanian brokers' association, lists Model A and Model C at 179 m² from $569,000 and Model B at 226 m² from $729,000, which is $3,179 and $3,226 per square metre. Panama Equity has a live 228 m² four-bedroom with a den and a 22.8 m² terrace at $846,549, or $3,713 per square metre. A Panamanian portal carries a 164 m² three-bedroom at $527,300, or $3,215. Four independently paired listings, and the rate moves less than $550 across the whole spread. That consistency is unusual and it is the reason to look at this building. One caveat: sources that quote the $527,324 floor do not say which model it belongs to, and if it attaches to a 182 m² unit rather than the 164 m² one, the entry rate falls to about $2,900. Either way it lands well under the $4,180 to $5,262 per square metre we hold for Costa del Este.
How many floors and how many units does Madero have?
47 storeys with three apartments per floor, which the developer's own site and Panama Equity both state. Panama Equity gives 141 units, which is exactly 47 times three. We have left the unit count blank because that arithmetic assumes every floor is residential, and a tower with a pool deck, a gym, a padel court, a fulbito pitch and an event level almost certainly gives up floors to them. Ask the developer for the actual unit schedule.
When will Madero be delivered?
Nobody agrees. Panama Equity says 2029, The Agency Panama says 2030, and one Panamanian portal still shows 2026, which cannot be right for a 47-storey tower still selling off plan. We found no construction start on record. Get the current schedule in writing from Valor Development and ask what the contract does if that date slips.
Who is the developer, and have they actually finished anything?
Valor Development Corp., trading as Grupo Valor, in business for more than a decade. Its delivered list includes Marea I and Marea II in Costa del Este, plus Solana, Aria and Portales, and it has projects running in Santa María, Casco Antiguo, Costa Verde and on the beaches. Marea I and II are the relevant ones: finished towers on Avenida Paseo del Mar in this same district that you can walk into. We did not verify whether they were delivered on the originally quoted timeline, which is a different question from whether they were delivered at all.
Is Madero titled property?
No, and we have not checked the registry for it. It is sold at pre-sale under a promesa de compraventa, a purchase promise, not a deed. The finca number for your specific apartment does not exist until the building is registered under the horizontal property regime. Costa del Este as a district is titled and our reviewer confirmed that at the district level, but that says nothing about this building's paperwork. We could not locate a construction permit or a Registro Público filing tied to Madero, so your attorney should confirm both directly with the developer.
Why do the published unit sizes disagree so much?
Because sources are mixing measurement conventions and nobody labels which one they are using. The figures in circulation are 164, 179, 182, 183, 186, 226, 228, 231 and 242 m², and our own synced model list adds 182, 183 and 231. Some of those are almost certainly área privada, the interior floor area, and others are área total, which folds in the balcony or terrace. The 22.8 m² terrace on Panama Equity's 228 m² listing is roughly the size of the gaps. Ask for the floor plan with both figures shown separately before you compare a price per square metre to anything.
Is Madero a good rental investment?
We hold no verified rental data for this building and will not publish a yield. What we can say is that the unit mix points away from rental. Every apartment is three or four bedrooms at 164 m² and up, and the price band with actual momentum in Panama City is $300,000 to $400,000, where Panama Equity recorded 104 sales in June 2026 against 42 a year earlier. Costa del Este does have steady demand from corporate and professional tenants working in the district, which is a genuine structural advantage, but at this unit size the tenant pool is narrower than for a two-bedroom. Ask any agent for evidence from signed leases in comparable Costa del Este buildings rather than for asking rents.
How does Madero compare to Bioma?
They are aimed at different buyers despite sitting in the same district. Bioma starts at 65 m² and $342,000, roughly $5,262 per square metre, and sells amenity density, publishing over 7,000 m² of common area. Madero starts at 164 m² and $527,324, roughly $3,215 per square metre, with 2,383 m² of common area. So Madero gives you the cheaper square metre and the bigger apartment. Bioma gives you the lower entry ticket and the heavier amenity load. Neither has a permit or a registry filing we could locate.
