Capital Corp Merchant Banking has submitted an investment proposal for a $41 million master-planned development in Costa Rica.
The proposed eco-friendly development will include residences, hotel accommodations and boutique shops.
Development Appeal
According to the bank, Costa Rica's luxury real estate market is experiencing “robust momentum,” with property values in prime coastal regions projected to rise by up to 8 percent in 2025, driven by demand from U.S., Canadian, and European buyers. Foreign investors now account for nearly 40 percent of all real estate transactions in the country.
The Lamangata Luxury Surf Resort opened last month in Costa Rica, and Pursuit Attractions just spent $111 million to acquire the Tabacón Thermal Resort & Spa. In May, Marriott International signed an agreement with Solana PA, S.R.L. to debut the St. Regis Hotels & Resorts brand in Costa Rica. The development is slated to open in early 2027.
Globally, the luxury sector remains remarkably resilient. High-end home sales in the U.S. increased by 5.2 percent in early 2024, with median prices for top-tier properties surging 14.2 percent year over year. As the market stabilizes, buyers are seeking value, quality of life and environmental responsibility in their investments.
Sustainability
In alignment with Costa Rica's strict environmental standards, the entire development will incorporate advanced eco-friendly building practices. These include optimization of energy use and water conservation technology.
As net-zero mandates and LEED certification dominate construction in 2025, this development will promote carbon-negative materials, high seismic-performing infrastructure and bio-diverse landscaping.