Residential Construction: How Many Investments Are Projected?
In the first quarter of 2021, 35 environmental impact studies were submitted to develop condominiums, apartment buildings and other housing projects in Central American countries. The interactive platform "Construction in Central America", from CentralAmericaData's Business Intelligence Unit, provides an updated list of public and private construction projects that have submitted environmental impact studies (EIA) to the respective institutions in each country.
Panama is the country in the region with the highest investment from January to March of this year, with approximately $58 million in apartment building and horizontal residential projects, corresponding to 10 EIAs.
Guatemala was next, where 23 EIAs were submitted, totaling an investment of approximately $47 million. The projects include the construction of a 19-story mixed-use tower that will house commercial space, offices and apartments.
Preliminarily, it is estimated that work on different types of residential projects in Costa Rica will be completed for a total investment of more than $40 million. One of the most important developments consists of the construction of a luxury residential tower, which will consist of 12 housing units.
In the case of El Salvador, a file was registered for an investment of $10 million. The project consists of the construction of a 12-story residential building.
CentralAmericaData has information on construction projects planned in all Central American countries, with details such as estimated investment, project timing and phases, supplies and equipment required during and after construction, water treatment, parking structure, among others.
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