P.H. Rivage Tower: Building Market Snapshot

Key Metrics — Recent Market Sales

• Avg sale price (recent): B/.327,000 — range B/.245K to B/.437K in last 10 market transactions
• Avg price/m² (recent): B/.1,982 — vs all-time avg of B/.1,850/m² across 139 transactions
• Avg unit size: 165 m² — significantly larger than most Panama City high-rises
• Highest recorded sale: B/.550,000 for a 247 m² unit

Recent Transaction History

The 10 most recent market-rate sales at P.H. Rivage Tower, sourced from Panama's Registro Público de Panamá. All figures in Panamanian Balboas (B/.), which trade at 1:1 with the US Dollar. Prices reflect actual registered transaction values — not listing prices or asking prices. Low-value registry transfers (assessed construction values recorded at time of original deed) are excluded from this market-rate sample.

• Dec 2025 — 176 m² — B/.340,000 (B/.1,932/m²)
• Feb 2024 — 141 m² — B/.300,000 (B/.2,124/m²)
• Feb 2024 — 169 m² — B/.338,000 (B/.2,000/m²)
• Sep 2023 — 169 m² — B/.436,800 (B/.2,585/m²)
• Aug 2023 — 176 m² — B/.360,000 (B/.2,045/m²)
• Jul 2023 — 177 m² — B/.350,000 (B/.1,981/m²)
• Jun 2023 — 150 m² — B/.245,000 (B/.1,635/m²)
• May 2023 — 141 m² — B/.270,000 (B/.1,915/m²)
• Apr 2023 — 177 m² — B/.270,000 (B/.1,528/m²)
• Jan 2023 — 177 m² — B/.365,000 (B/.2,074/m²)

Pricing Momentum

P.H. Rivage Tower's pricing has trended upward from its post-pandemic low. The all-time average across 139 recorded transactions sits at B/.1,850/m². Recent market sales (2023 to present) are averaging B/.1,982/m² — a 7.1% premium over the historical baseline. The highest recent transaction, a 169 m² unit in September 2023, achieved B/.2,585/m², setting the current ceiling for what motivated buyers will pay in this building.

• Recent market avg (2023–2025): B/.1,982/m² (+7.1% vs all-time)
• All-time avg: B/.1,850/m² across 139 verified transactions
• Highest single sale: B/.550,000 (247 m², recorded 2013)
• Post-pandemic recovery: pricing troughed in 2020 and has climbed since

The Unit Size Premium — A Counter-Intuitive Finding

Rivage Tower's unit-type pricing dynamic is one of the most interesting patterns in our dataset — and one that catches buyers off guard. Smaller 2-bedroom units (141–154 m²) consistently command a higher price per square meter than the larger 3-bedroom layouts. This matters if you're deciding between unit types, or comparing sticker prices without normalizing for size.

What the Data Doesn't Show Here

This sample covers 10 recent transactions. The full Rivage Tower report goes much further. A building that has traded 139 times over 14 years generates patterns that a 10-transaction snapshot simply cannot reveal — which floors outperform, which unit types are favored by cash buyers versus financed buyers, how quickly units are reselling, and how Rivage stacks up against other towers on the same boulevard.

• Floor-level premium analysis: which floors achieve the highest price/m² at Rivage — and by how much
• Full year-by-year ppm trend from 2011 to present — including the 2020 trough and the recovery trajectory
• Rental market data: typical monthly rates for 2BR and 3BR units and estimated gross yields for investors
• Balboa corridor comparison: how Rivage's per-m² pricing compares to neighboring towers
• Financing patterns: which unit types and price points are being financed vs. purchased cash

About P.H. Rivage Tower

P.H. Rivage Tower is a residential high-rise on Avenida Balboa, Panama City's iconic oceanfront boulevard. The building is known in the expat community as a reliable long-term rental destination — larger-than-average units, direct Balboa access, and a location that puts residents within walking distance of Cinta Costera parks, waterfront restaurants, and the financial district. Unit sizes run from approximately 141 m² to 347 m², skewing toward 2BR and 3BR layouts that appeal to families and relocating professionals. The building's consistent transaction volume — 139 recorded sales across 14 years — reflects steady demand from both owner-occupiers and investors.

Data current as of March 2026. Transaction data and derived metrics will change as new sales are recorded in Panama's Public Registry. This free sample reflects 10 recent market-rate transactions selected from 139 verified registry entries. Low-value registry transfers recorded at assessed construction value (not market sale price) have been excluded from this sample. Full building reports cover all verified transactions, multi-year trend analysis, rental comps, unit-type breakdowns, floor premium analysis, and comparative building data. Sale prices reflect actual registered transaction values, not listing prices. For informational purposes only — does not constitute financial, legal, or investment advice.

— The Panacomps Team