El Salvador’s new economic outlook, driven by government efficiency and a strong commitment to private sector growth, is attracting major regional real estate investment. One of the most significant examples is Costa Rica-based developer Urbania, which recently achieved a sales milestone by selling out three residential towers in its Amanelli project near Lake Coatepeque—each tower containing between 100 and 120 apartments.
According to Kevin González, Urbania’s Commercial Director, this rapid success marks «a sales record for the company and the country.» The project, with an investment exceeding $800 million, stands as one of the largest private real estate ventures in El Salvador’s recent history.
Amanelli is set to include not only apartment towers and villas but also a hotel, office spaces, retail areas, an event center, and public recreation zones, all under a long-term development model. González emphasized that the company chose El Salvador thanks to the country’s improved international image and investor confidence, fostered by President Nayib Bukele’s administration.
«The government is doing a good job; this is also seen globally, and we perceive it. We see El Salvador as the next Singapore,» González said.
Urbania also cited research among Salvadorans in the U.S., showing that over 80% believe the economy and the country’s direction are improving. The company highlighted El Salvador’s economic stability, security, and long-term growth potential, describing it as one of the safest and most promising countries for investment.
«It’s a very good place because of the perception of security, economy, and stability,» González added. «We walked freely with our team and advisors—something not possible in many other countries.»
Urbania plans to launch two additional projects this year in different development areas of El Salvador, reinforcing the trust built through the government’s economic policies and institutional support. González praised the speed and commitment of public institutions, noting that their efficiency has become a driving factor for foreign investors.
«This experience I’m sharing is to encourage other companies to come and rest assured that the Salvadoran government will do everything possible to support them 100 percent,» he stated.
As the country positions itself as a strategic destination for foreign direct investment (FDI), El Salvador’s government-led economic transformation is becoming a model that inspires confidence and action among regional developers.
