Mercan Group Breaks Ground on $200M Panama Housing Project
Panama City – September 30, 2026 -- Mercan Group has broken ground on Albor at Santa María, a 48-story, 200-unit residential tower marking its first housing development in Panama and pushing the Canada-headquartered developer's country portfolio past US$200 million.
Panama tightens Qualified Investor real estate thresholds
The groundbreaking follows Executive Decree No. 17, issued September 8, 2026, which keeps the minimum investment for new, first-sale real estate at US$300,000 while setting a US$500,000 threshold for secondary-market properties under Panama's Qualified Investor Program. The decree also adds new investment alternatives and streamlines application procedures.