The regulatory, technical and operational keys to the implementation of the RUN, the new Unique Cadastral Registry Identification Code and its impact on the legal security of the real estate market. The implementation of the Registro Unificado Nacional (RUN) represents one of the most significant structural changes to the Paraguayan legal and real estate system in decades. Through a regulatory process comprised of two complementary resolutions issued by the Supreme Court of Justice in December 2025, the country is initiating a profound transformation in how real estate and associated property rights are identified, registered, and publicized. This new scheme is not simply an administrative update. It represents a complete reconfiguration of the land registry and cadastral system, with a direct impact on legal certainty, property traceability, the efficiency of procedures, and the predictability necessary for an increasingly complex and sophisticated real estate market. The process is based on two regulatory instruments: on the one hand, Resolution No. 1824/2025, which establishes the general provisions for the implementation of the Registro Unificado Nacional ; and on the other hand, Resolution No. 1823/2025, which approves the Technical Cadastral Registry Regulations governing its operational functioning. Together, they form the new institutional framework of the Paraguayan real estate registry. It should be noted that this technical regulation has been provisionally approved for a period of one year, starting on January 14, 2026, and comprises 231 articles. This approach reflects a logic of gradual implementation and operational adjustment, allowing the new system to be consolidated based on the practical experience of its first year of operation, without affecting its validity or its binding nature. Resolution No. 1824/2025 serves as a framework regulation. It implements Law No. 7,424/2025, formally creating the National Unified Registry as a technical and administrative body under the Judicial Branch, with direct oversight from the Supreme Court of Justice. The Judiciary assumes a central role not only in conflict resolution but also in the comprehensive management of the land registry and cadastral system, absorbing and reorganizing functions that were historically dispersed among different departments. The National Registry of Properties (RUN) integrates, under a single structure, the responsibilities related to public registries, the national cadastre, and the technical aspects of territorial identification of properties. This centralization responds to a structural weakness long pointed out by the real estate sector: the lack of coherence between cadastre and registry, the duplication of data and the absence of a unique identifier that allows a property to be unequivocally linked to its legal status. The Agreement also establishes the organizational, financial and technological bases of the RUN, defining its basic structure, the management of judicial fees, the budget administration and the obligation to maintain an updated, public and accessible information system through the institutional portal of the Judiciary. One of the most relevant elements introduced by Resolution No. 1824 is the creation of the Unique Cadastral Registry Identification Code (CUICR), which will be assigned to each property in the country, whether urban or rural, public or private. The CUICR is conceived as a unique identification tool, designed to eliminate historical ambiguities in the individualization of parcels. The code integrates geographic, parcel, and registry information into a single alphanumeric structure, allowing for the precise identification of the location, configuration, and type of property, as well as its connection to the property registry. The transition to the CUICR is not conceived as a massive and immediate regularization of the existing real estate stock, but as a progressive, gradual and non-disruptive process, designed to preserve legal continuity and avoid the paralysis of the registration system. The CUICR is incorporated into the procedures that enter the National Unified Registry. Every time a property is subject to a registration act, whether it be an entry, annotation, modification, rectification, or cancellation, the system assigns or validates the corresponding code, integrating the available cadastral and registry information. This approach means the transition occurs in accordance with the natural dynamics of the real estate market, without requiring general re-registrations, new automatic surveys, or a mass review of existing titles. Properties with no recorded activity remain fully valid and retain their historical identifiers until they are eventually entered into the system through a new process. During this period, the CUICR coexists with traditional identifiers. The new code does not invalidate or replace the previous information, but rather consolidates and organizes it, preserving the historical chain of identification, one of the most sensitive aspects from the point of view of legal certainty. The assignment of the CUICR (Unique Property Identification Code) is also centralized and administrative. It is not generated by the property owner or the professional involved, but by the technical areas of the RUN (National Registry of Property). The Cadastre Directorate is responsible for the geographic and parcel identifiers, while the Real Estate Registry Directorate assigns the registration identifier. This distribution of responsibilities aims to guarantee uniformity, avoid discretionary practices, and ensure technical consistency throughout the national territory. From a real estate perspective, this change is structural. Unique identification reduces the risk of overlaps, surveying errors, inconsistencies between plans and titles, and conflicts arising from imprecise descriptions, which have historically been a source of litigation and delays in real estate transactions, financing, and development. The implementation of the RUN relies on an integrated technological system that links the Registry Management System (SIGRE) with the Judicial Branch's platforms for fee calculation and payment. The Resolution establishes clear rules for electronic processing, the authorization of professional users, and the standardization of digital documentation. The procedures must meet precise technical requirements regarding formats, resolution, file size, and legibility criteria, incorporating standards that aim to ensure the quality of the information entered into the system. In exceptional cases, alternative mechanisms with subsequent auditing are foreseen, but always preserving the traceability of the process. This technological approach is not limited to speeding up procedures. It introduces a model of control, uniformity, and transparency, with a direct impact on the predictability of registration times and the reduction of operational discretion. While Resolution No. 1824 defines the institutional architecture of the system, Resolution No. 1823/2025 fulfills a different but essential function: it approves the Technical Cadastral Registry Regulation of the National Unified Registry, which regulates in detail the daily operation of the system. This technical regulation comprehensively establishes the procedures for the presentation, qualification, registration, and publication of registry acts. It defines the formal and substantive requirements for documentation, processing times, registration priority criteria, and the methods for correcting, rectifying, or canceling entries. It also precisely regulates the system of public registration, differentiating between certificates, reports, and copies of entries, and establishing the legal effects of each. This systematization is key to reducing ambiguous interpretations that have historically generated conflicts in complex real estate transactions. The regulations also incorporate a detailed system of administrative appeals against negative comments or ratings, establishing clear procedures and defined deadlines, which introduces greater predictability for professionals and users of the system. Another key aspect of the new regulatory framework is the creation of the Registry of Surveyors and Topographers, which is enabling and mandatory for professional practice throughout the national territory. The new registration system does not exclude one of the most widely used instruments in the real estate market: the purchase agreement, both in condominium developments and land subdivisions. The National Unified Registry maintains and strengthens the Special Registry for Purchase Agreements, integrating it into the general system without altering its legal nature. The registration of a ticket continues to fulfill its essential function of providing publicity and enforceability against third parties for a personal right, without implying the creation of a real right or its equivalence to ownership. The RUN (National Registry of Property) does not modify this logic, but organizes it within a more coherent and traceable structure. In the case of units under horizontal property ownership, the purchase agreement is registered linked to the parent property and, where applicable, to the planned or future unit, even if it does not yet have an individualized property title. At this point, the CUICR (Unique Identification Code for Condominium Ownership) allows for more precise identification within the system, reducing contractual ambiguities and strengthening the traceability of rights. In subdivisions, the system is similar. The deed is registered in conjunction with the larger property and the planned lot, according to the approved plan, without this implying the immediate creation of a separate property. The new system allows this connection to be clearly registered and then seamlessly linked to the final identification of the lot. Integrating ticket registration into the RUN substantially improves the documentary continuity between the contractual stage and the registration of the definitive real right, something especially relevant in medium and large-scale developments, where pre-sales constitute a central financing tool. Resolution No. 1824 regulates the registration requirements, the five-year validity of the registration, the revalidation processes and a detailed disciplinary regime, which places these professionals under the supervision of the Supreme Court of Justice. From a real estate market perspective, this system has a direct impact on its reliability. Plans, surveys, and technical documents form the basis for titles, developments, and guarantees. Raising the technical and ethical standards of these professionals strengthens the overall system. The implementation of the Unified National Registry is not an immediate change, nor is it without operational challenges. However, its structural scope is undeniable. The integration of cadastral and registry systems, the unique identification of properties, the digitization of processes, and the strengthening of professional oversight lay the foundation for a substantial improvement in legal security for real estate transactions. For developers, investors, and financial institutions, this new scheme can translate into lower legal analysis costs, greater clarity in project structuring, and a reduction of risks associated with informality or inconsistency in registry information. The new system, however, does not immediately eliminate historical conflicts, nor does it, on its own, correct poorly drafted titles, defective descriptions, or issues of ownership origin that are part of the country's real estate holdings. The RUN introduces tools to organize, identify, and prevent new conflicts, but it does not replace legal regularization processes when these are necessary. The real impact of the new system will depend largely on its sustained implementation over time, adequate training for system operators, and institutional consistency in applying technical and registration criteria. Only under these conditions can the Unified National Registry become a genuine structural improvement and not merely a formal reform. What is undeniable is that the Unified National Registry introduces a different logic: more integrated, more technical, and more predictable. In a country where real estate is one of the main vehicles for savings, investment, and urban development, this change represents a structural step toward a more organized, transparent, and professional market.

The groundbreaking marks the beginning of one of the central pieces of the development and reinforces the materialization of a residential neighborhood conceived around water, safety and quality of life. On Wednesday, December 17th, La Ribera broke ground on its Clubhouse, marking the formal start of one of the development's central elements. The commencement of this project solidifies the definitive transition from a blueprint to a living urban reality, reinforcing the progressive realization of a gated community designed around quality of life, security, landscape, and the everyday connection with water. Located on the banks of the Pajaguá stream, with a direct connection to the Paraguay River, La Ribera offers a unique way of living: a residential environment that combines easy access to the city with a daily experience connected to water, green spaces, and personal time. This geographical location, along with its direct integration into Asunción's main road network via the Héroes del Chaco Bridge, is one of the project's key conceptual pillars. The groundbreaking ceremony for the Club House represents much more than the start of a specific project. It symbolizes the consolidation of the neighborhood's social heart, a space designed as a meeting point, a place for enjoyment and community life, aligned with internationally recognized design and wellness standards. From its inception, La Ribera was designed as a 100% residential neighborhood, without internal commercial areas, prioritizing tranquility, security, and a daily experience focused on family life. The project is developed within a completely walled perimeter, reinforced by a 20-meter setback from the property lines, designed to protect the community's connection with the immediate surroundings and enhance privacy. The security system integrates continuous surveillance, cameras distributed throughout the neighborhood, access control using PCG and QR technology, and a monitoring station with six continuously operating screens. This infrastructure not only aims to prevent crime but also to generate a constant sense of control and predictability, one of the project's core values. The resident experience begins upon entering. A grand entrance gate, internal streets surrounded by greenery, and the absence of individual walls in front of the homes create a clean, open, and cohesive urban landscape. The neighborhood's design incorporates more than eight kilometers of internal pathways intended for walking, jogging, or cycling in a safe environment, promoting an active, outdoor lifestyle. The relationship with water is one of the project's fundamental principles. La Ribera is structured around a system of internal lagoons and the Pajaguá stream, offering uninterrupted water views from most lots. This connection is not merely scenic: it enables an everyday experience where activities such as recreational boating, contemplating the landscape, or simply visually connecting with the water become part of daily life. In terms of scale, La Ribera envisions approximately 350 homes distributed across city blocks, which will be delivered progressively. Block A has already been delivered, Block B is scheduled for February, and the timeline will continue with Blocks C, D, and so on until Block K is completed. Meanwhile, construction is already underway on other homes, with plans for further development, reinforcing the project's transition to a vibrant and active community. The neighborhood was conceived as an integrated infrastructure system, designed to operate self-sufficiently. It features a wastewater treatment plant, a reverse osmosis drinking water plant with quality standards comparable to bottled water, and an electrical generation system capable of meeting 100% of the neighborhood's demand in the event of public utility outages. This approach eliminates the need for individual solutions, prevents the proliferation of visible generators, and reinforces a well-ordered urban aesthetic. The new Clubhouse, whose construction has just begun, will have a total covered area of 1,500 m², distributed as follows: 900 m² on the ground floor and 600 m² on the upper floor. In addition, there are 130 m² of semi-covered space on the ground floor and 360 m² of terraces on the upper floor. The program includes a 200 m² event hall with an outdoor extension, with a capacity of approximately 200 people; a restaurant with 200 m² of covered space plus 150 m² of semi-covered space, with a total capacity of approximately 180 people; and six individual barbecue areas, each with 90 m² of covered space and 60 m² of terrace. The Clubhouse grounds are complemented by a 3,600 m² saltwater lagoon, accompanied by a 2,000 m² beach and a beach bar, reinforcing the recreational and social character of the space. The project has an estimated completion time of one year, and construction of the second Clubhouse is expected to begin around the same time next year. This second clubhouse will be focused on sports and physical well-being. It will have an approximate area of 2,000 m² and will include a new events hall, restaurant, a 450 m² gym, spa areas, sauna, and hair salon. In its immediate vicinity, a sports complex will be developed with four tennis courts, four paddle tennis courts, two basketball courts, three volleyball courts, and a soccer field, integrated with one of the largest residential lagoons in the neighborhood. In total, the amenities occupy approximately three hectares within the 60 total hectares of the project, one of the main differentiators in terms of well-being and daily use of the space. Currently, there are around 180 lots available, with areas ranging from 450 m² to 3,000 m², and prices starting from approximately $120,000. The concept for La Ribera is deeply rooted in architecture and urban planning. It arose from a long-standing quest to develop a gated community that wouldn't sacrifice urban proximity or quality of life, combining the spatial quality of a planned environment with the immediacy of the city. After years of exploring different sites and more than 40 preliminary designs, the final location was secured following the dredging work related to the road infrastructure in the area of the Puente Héroes del Chaco (Heroes of Chaco Bridge), where a plot of land with exceptional conditions was identified. Signature is acting as the project's full-service developer, handling both real estate development and earthmoving and land reclamation. Larger-scale civil works, such as the entrance gate and the clubhouse, are being carried out by Doxa, while the urban and architectural design of the gated community and the clubhouses was developed by PATH URBAN, a Buenos Aires-based studio specializing in high-quality urban and architectural design, with a focus on sustainability, integration between city and nature, and construction efficiency. On the financial front, Valores Casa de Bolsa is supporting the project as organizer and structurer, contributing over 30 years of experience in financial solutions. Through its Real Estate division, it joins as a strategic partner, providing solid institutional backing that reinforces the project's confidence and stability. The groundbreaking ceremony for the Clubhouse marks a turning point for La Ribera. It not only confirms the project's physical progress but also solidifies a residential concept that reinterprets the relationship between city, water, and quality of life. At a time when Asunción is beginning to revalue its connection to its water system, La Ribera positions itself as one of the developments that best translates this transformation into a concrete way of living. Those interested in learning more about La Ribera and the available residential opportunities can complete the form at the end of this article. The project team will then contact you directly to offer advice and details tailored to your specific inquiry.

Obtaining investment grade consolidates the country's macroeconomic credibility and gradually modifies the foundations on which investment and urban development decisions are made. Standard & Poor's Global Ratings' decision to raise Paraguay's sovereign rating to BBB- with a stable outlook marks a structural milestone in the country's recent economic history. With this result, Paraguay consolidates its entry into investment grade with two of the three major international rating agencies, positioning itself among the economies with the greatest macroeconomic credibility in Latin America and reinforcing its profile as a reliable destination for long-term capital. Far from being an isolated or circumstantial achievement, the improvement in the sovereign rating is the culmination of a gradual and sustained process of institutional strengthening, macroeconomic discipline and predictability of public policies, which has allowed the country to navigate an international context marked by high volatility, geopolitical tensions and restrictive financial cycles with remarkable resilience. In its assessment, Standard & Poor's highlighted Paraguay's proven track record of macroeconomic stability, as well as the consistency and continuity of its economic policies. The rating agency emphasized that the Paraguayan economy has strengthened its capacity to absorb external shocks, supported by an institutional framework that has gained credibility both regionally and internationally. In fiscal matters, the report highlights the Government's commitment to prudence and discipline, adherence to conservative targets, and the consolidation of public accounts. This approach allowed for the preservation of fiscal space and laid the groundwork for rebuilding fiscal buffers after recent shocks, strengthening the sustainability of public finances in the medium and long term. The strengthening of state institutions emerges as another central pillar of the recognition. Standard & Poor's particularly valued the modernization of the Ministry of Economy and Finance, the reinforcement of the tax administration, and the progress of structural reforms aimed at improving the efficiency of the public sector and creating a more favorable environment for private investment. These elements, although less visible than traditional macroeconomic indicators, are crucial for assessing sovereign risk and for the confidence of long-term investors. In the monetary sphere, the rating agency emphasized the growing credibility of the Central Bank of Paraguay, evidenced by the rapid convergence of inflation and inflation expectations toward the target. This performance is particularly relevant considering the recent reduction in the inflation target, a clear sign of the maturity of the targeting regime and the monetary authority's technical capacity to manage the economic cycle. The monetary policy framework, complemented by a flexible exchange rate and adequate levels of international reserves, has broadened the Central Bank's room for maneuver and strengthened the Paraguayan economy's capacity to withstand external shocks without resorting to disorderly adjustments. For financial markets and institutional investors, this combination is one of the main anchors of macroeconomic confidence. Beyond stability, Standard & Poor's highlighted the country's robust economic performance, which has shown consistent growth rates even in an adverse global context. This growth has been driven by private investment, dynamic domestic demand, and a progressive diversification of the productive base—factors that improve long-term development prospects and strengthen Paraguay's external position. This point is particularly relevant: investment grade is not granted solely for stability, but for the capacity to sustain growth over time without compromising macroeconomic equilibrium. In this sense, Paraguay is beginning to be perceived not only as a well-managed economy, but also as one with potential for structural expansion. The awarding of investment grade status is not an isolated financial event, but rather a signal that gradually filters down to different markets within the economy. In the case of the real estate sector, one of the most capital-intensive and long-term sectors, the impact is particularly significant. This is not because it generates immediate transformations, but because it modifies the underlying conditions upon which investment, financing, and urban development decisions are based. Paraguay has historically operated with short timeframes and high financing costs, which has limited the scale, pace, and type of many developments. In this new context, the investment grade rating opens the possibility of longer-term financing structures, with greater predictability and less pressure on equity. This is not an automatic reduction in interest rates, but rather a sustained improvement in the economic viability of projects that were previously on the verge of being financeable. This new scenario also brings with it a qualitative shift in the profile of capital that is beginning to look to the country. The eligibility granted by the investment grade rating places Paraguay on the radar of conservative institutional and private investors, actors who prioritize stability, regulatory clarity, and macroeconomic consistency over extraordinary short-term returns. This type of investor does not transform the market through abrupt shocks, but rather through constant pressure toward professionalization, transparency, and the structural soundness of projects. Consequently, the real estate market would begin to be evaluated using more demanding criteria. The legal structure, the traceability of cash flows, developer governance, the alignment between product, location, and actual demand, and the capacity to sustain value over time would become central to the analysis. The investment grade rating would not indiscriminately amplify the value of all assets, but rather deepen the distinction between projects conceived with a long-term vision and those driven by more short-term considerations. This process would also be reflected in price dynamics. Regional experience shows that investment grade does not generate widespread price increases, but rather selective revaluation. Well-located assets with quality construction, adequate scale, and institutional backing tend to be the first to capture the benefits of the new context. Meanwhile, generic or poorly structured products do not necessarily follow this trend. Investment grade, far from inflating the market, introduces a more refined logic of valuation and segmentation. Another significant effect would be observed in the urban dimension. In economies that achieve investment grade status, real estate capital tends to concentrate in areas with existing or planned infrastructure, good connectivity, services, and clear regulatory frameworks. This fosters urban consolidation and more orderly densification. In the Paraguayan case, where formal and informal growth dynamics coexist, this new context could act as a catalyst for more structured urbanization, especially in Asunción and its metropolitan area. As the market becomes more closely scrutinized by external actors, it would also become more demanding in terms of information, analysis, and professional practices. Investment grade indirectly drives greater formalization of the real estate ecosystem, fostering higher reporting standards, more robust contractual structures, and progressive integration between real estate and the capital markets. The sector would cease to operate solely as an operational business and would begin to consolidate as an asset class fully integrated into the broader financial system. For Paraguayan real estate, investment grade is not the end goal, but rather the beginning of a maturation process. Macroeconomic stability is no longer an exceptional advantage but a fundamental requirement. From now on, the true differentiator will lie in the quality of the projects, urban planning, execution capacity, and the institutional integrity of the stakeholders involved. The challenge ahead is not only to take advantage of better financing conditions or greater international interest, but also to live up to the country's new positioning. In that sense, the investment grade rating does not transform the real estate market on its own, but it does redefine the terrain on which its next stage of growth will be built. It is worth noting that this recognition is the result of a consistent track record. Over the past two years, Standard & Poor's has reflected this progress through successive improvements in the sovereign rating: an upgrade in February 2024, a change in outlook in January 2025, and finally, the elevation to investment grade in December, after nine years without an upgrade. This sequence confirms the markets' sustained confidence in the macroeconomic and institutional course adopted by the country. This achievement is the result of coordinated work between the National Government, the Ministry of Economy and Finance, the Central Bank of Paraguay and the State's technical teams, and reaffirms the country's commitment to macroeconomic stability, institutional strengthening and long-term sustainable development. More than an end point, investment grade represents a new starting point. Paraguay is entering a stage where macroeconomic stability ceases to be an exceptional strength and becomes a structural condition upon which long-term investment decisions, urban development, and capital allocation are based. In this context, the challenge ahead will not only be to preserve the investment grade rating, but also to capitalize on it intelligently. This will involve raising standards, strengthening institutions, and guiding growth toward more balanced, competitive, and sustainable urban and economic development, where real estate ceases to be merely a short-term opportunity and becomes a mature, integrated, and strategic asset class for the country.

A large-scale intervention that combines planning, landscape and a new culture of residential living focused on well-being. In a real estate market undergoing increasing diversification and sophistication, projects are emerging that not only incorporate new typologies but also expand the conceptual boundaries of contemporary living. Arbórea Hills marks this turning point: a development that introduces the gated community format to Paraguay, integrating spaciousness, nature, and security into a residential offering that seeks to meet new demands for well-being and lifestyle. The project unfolds across 74 hectares at the entrance to San Bernardino on the Luque-San Bernardino highway, a strategic location within the country's most established residential and recreational area. From this privileged position, Arbórea Hills proposes a way of life centered on human scale, a connection with the natural environment, and the possibility of inhabiting spacious areas without sacrificing the structure and predictability of a planned development. More than just a project, it proposes a deliberate return to the essential: to unhurried time, to space as a symbol of freedom, and to a daily life that reconnects with the landscape. The concept behind Arbórea Hills—Vida de Chacras—is not limited to a product category; it becomes the very identity of the development. This residential philosophy, already present in international markets where the pursuit of well-being is paramount, combines three dimensions that define contemporary luxury. First, the value of time, understood as a more balanced pace of life, where routine slows down and the experience of daily life gains depth. Second, the value of space, expressed in large areas that allow for the design of spacious, customizable homes fully connected to their surroundings. And finally, exclusivity, not as a synonym for isolation, but as a guarantee of privacy, comprehensive security, and a preserved natural landscape. In Arbórea Hills, nature structures the experience, the family becomes the center of community life, and time takes on a leading role in building a new way of living. The proposal takes shape through 66 private plots of land, each 1.5 hectares, distributed within a gated community with technical and operational infrastructure designed to support a long-term lifestyle. The size of these plots allows for residential use that extends beyond a single generation. A plot can become the starting point for children to build their own homes on the same property over time, or for the family to expand the residence as it grows. This format allows for progressive development, shared projects between generations, and homes that evolve without abandoning the natural environment or the unity of the site. The neighborhood features three controlled access points, 24-hour security, and continuous perimeter monitoring, along with a master plan that seeks to balance functionality, natural beauty, and a design that respects the existing landscape. The property, with over 100 tree species, reinforces the project's commitment to integrating environmental preservation with high-quality real estate development. The project is organized around three components that, in an articulated way, create the complete Arbórea Hills experience. The first is the gated community of country estates, which forms the heart of the development. Its spacious lots allow for living with privacy, tranquility, and freedom, and offer the possibility of creating large-scale residential projects. Daily life here takes on a different meaning: walking under centuries-old trees, cultivating a vegetable garden, or simply living amidst a landscape that remains ever-present and prominent. Each home can be adapted to the lifestyle of each family, maintaining a rural atmosphere within a framework of urban infrastructure and security. In addition to this residential area, there is the Pueblito de Arbórea, conceived as a meeting point and a space that introduces services, commerce, and local dynamism into the complex. Its internationally inspired design integrates shopping, dining, wellness, art, culture, and hospitality, providing centrality and operational autonomy to the development. In this setting, community life takes on a broader, more everyday dimension, and the project adds convenience and economic activity to the immediate surroundings. The third component is the nautical area, which leverages its proximity to Lake Ypacaraí as a structural element of the Arbórea Hills experience. Located in a prime spot, this area offers direct access to the lake and allows for the organic integration of recreational and sporting activities, expanding the possibilities for enjoying the landscape. Its purpose is to integrate rural life with aquatic life in a residential setting where exclusivity, nature, and water coexist in harmony. The project is already underway and is expected to be completed by the end of 2026, thus consolidating the entire planned program. The magnitude of the project is supported by an interdisciplinary team made up of leading firms in their respective areas. The design of El Pueblito is by Sordo Madaleno, a studio founded in 1937 by Juan Sordo Madaleno and renowned for its work in modern, civic, and commercial architecture in Mexico and other markets. With three generations of legacy, the studio has expanded its influence to new typologies and geographies while maintaining an evolving and contemporary architectural vision. The farmland area and overall construction development are being handled by BAUEN, while communication, branding, and product development are being managed by Icon. Legal counsel is being provided by Riera Abogados, and the project's financial structure is being developed in conjunction with Banco Continental, a strategic partner in the project. Astrid Dominguez, Directora Ejecutiva de Karmar The project's development is led by Karmar, a company with over 45 years of experience in the national real estate market, headed by Executive Director Astrid Dominguez. Their expertise, focused on family-oriented projects and neighborhoods with robust services and connectivity, finds a natural continuation in Arbórea Hills following the success achieved in San Bernardino with Sunset Hills. Arbórea Hills not only inaugurates a new residential category in Paraguay; it raises a broader question about how living environments are conceived in a country moving towards more sophisticated urban and suburban models. Its concept, a rural lifestyle within a gated community, responds to global trends that prioritize well-being, daily connection with nature, and the pursuit of ample space without sacrificing infrastructure or security. The result is a development that proposes a way of life rather than a location: a place to stop time, where nature structures the routine and where the future is built with roots in the landscape. Arborea Hills doesn't just offer a place to live...it offers a new way of living. For those who wish to learn more about the proposal, the master plan's features, and the sales terms, please complete the form at the end of this article. The Arbórea Hills development team will contact you directly to provide personalized information.

It introduces a model that integrates professional hotel operation, contemporary design, and a new way of investing and living in the East of the country. The Paraguayan real estate market is experiencing a unique moment, marked by the country's consolidation as a stable, growing destination with favorable conditions for long-term investments. In this context, a project has emerged that embodies the sector's maturity, the integration of local vision and global standards, and a new way of living, investing, and enjoying life in a single space. This is Wyndham Garden Costa del Lago Residences, the first branded residence developed within a gated community in Paraguay and a landmark that redefines the convergence of professional hospitality and contemporary living. The project is the result of a strategic alliance between Raíces Real Estate and Grupo Barcelona, two leading companies that bring complementary experience and a deep understanding of the evolving demands of the residential and tourism markets. Its official launch took place on December 10th in Costa del Lago, with the presence of authorities, strategic partners, and special guests, who were able to experience firsthand the proposal that will position the neighborhood as a new urban hub along Route PY07. This event marked the formal presentation of a development that aspires to become a regional benchmark, combining architecture, hospitality, and an investment model designed to offer security, efficiency, and high long-term value. The development is located in the heart of Costa del Lago, one of Raíces Real Estate's most iconic projects, and is backed by Wyndham Hotels & Resorts, one of the world's largest hotel chains. This partnership establishes a key differentiator: each residential unit operates as a self-managed apartment under Wyndham's brand standards, guaranteeing professional operation, comprehensive care, and a management model designed to maximize income and preserve property value. Owners can use their unit whenever they wish, while the rest of the time it generates passive income, without the owner having to worry about maintenance or operation. This model, widely used in established tourist destinations, is being introduced in Paraguay with an approach carefully adapted to the regional dynamics. The project comprises 98 residential units designed according to international standards of design and functionality, fully furnished, with linens and décor in accordance with Wyndham's guidelines. Each unit has its own cadastral account and maintains its private ownership status, but is integrated into a centralized administrative system that offers predictability, transparency, and top-tier operations. The project's location reflects a strategic commitment to a region undergoing profound transformation. Hernandarias, in the Alto Paraná department, has established itself in recent years as one of the country's most dynamic development hubs, seamlessly integrating nature, infrastructure, and urban growth. Its proximity to Ciudad del Este, just 20 minutes away, to the region's main commercial and corporate access points, and its closeness to a well-connected airport and Iguazu Falls position the area as a prime location within the Triple Frontier ecosystem. The immediate surroundings of Costa del Lago, where the presence of Lake Itaipu and a vast natural landscape coexist with high-quality urban development, offer conditions that few locations in the country can replicate. The surrounding environment completes the picture. The residences face a 29,200 m² crystal lagoon, surrounded by white sand beaches, a unique landscape in Paraguay and an added value that enhances the appeal for both residents and visitors. In addition, there is a marina with access to Lake Itaipu, ideal for water sports and recreational activities. The building's interior will offer a comprehensive experience with world-class amenities: a rooftop with a panoramic pool and sky bar, a spa, wellness areas, a gym, a gourmet restaurant, an events hall, an exclusive lounge, and hotel services such as housekeeping, room service, concierge, 24/7 security, and private parking. These features are integrated with an existing ecosystem that includes a clubhouse, family areas, walking paths, bike paths, sports facilities, and a developing commercial sector, reinforcing Costa del Lago's vision as a constantly evolving micro-city. Wyndham Garden Costa del Lago Residences incorporates contemporary architecture designed for calm and everyday enjoyment, with flexible spaces, fine materials and versatile typologies that include lockoff units, one and two bedroom apartments, duplexes, options with terraces or gardens and penthouses. The project opens up the possibility of incorporating new uses in an environment that combines proximity, services, and a landscape designed for relaxation. For those who alternate between business trips and weekends in the East, the idea of having a base that allows them to extend their stay and enjoy a resort-like atmosphere appears as a natural option within the current dynamics of the region. Wyndham's presence adds an extra layer of prestige, integrating the development into an international network of corporate travelers and loyal customers who recognize the value of emerging destinations with professional operations. This allows us to envision a residence with global standards, comprehensively managed and designed to preserve its value over time. This also opens up an alternative for those already living in Costa del Lago who haven't yet begun construction on their homes, allowing them to experience the neighborhood from day one. Similarly, those working in the Triple Frontier area will find this proposal a practical, secure, and year-round managed option that combines personal use with hotel-style operations, optimizing the unit when not occupied. Unit prices start from USD 79,000, including full furnishings, linens, decoration and parking, and construction is scheduled to begin in the second half of 2026 with an estimated completion time of between 24 and 30 months. The project is being driven by two players with proven track records and a solid reputation. Raíces Real Estate has established itself as one of the country's leading developers, with over 30,000 clients, 32 million square meters developed, and 280 projects across 60 municipalities. Its experience in large-scale gated communities is particularly noteworthy, with 18 developments encompassing over 10 million square meters and designed to house more than 5,000 families. Landmark projects such as Aqua Village, Aquabrava, Aquaterra, Blue Lagoon, and Costa del Lago itself underpin its reputation and reflect a business philosophy based on integrity, consistency, transparency, and an innovative approach. For its part, Grupo Barcelona brings extensive knowledge in the development and operation of high-end hotel and residential projects. Its experience is evident in initiatives such as the Palmaroga Hotel Asunción, Tapestry Collection by Hilton, as well as other developments in both Asunción and Encarnación. Its participation ensures robust management, aligned with global hospitality standards, and completes an alliance that combines long-term vision, business credibility, and technical expertise. Beyond its architectural and operational dimensions, the project represents a turning point for the local market: it introduces a branded residence model in a gated community for the first time in Paraguay and propels Costa del Lago toward unprecedented global visibility, driven by Wyndham's network of reservations and associated platforms. This international positioning strengthens the neighborhood's ambition to become a national and regional benchmark, raising the standards of real estate development and expanding the reach of the ecosystem that supports it. In short, Wyndham Garden Costa del Lago Residences not only offers a new way to live or invest, but also inaugurates a new chapter for Paraguayan real estate. Its combination of contemporary architecture, professional hotel management, a privileged natural setting, and the backing of established brands and developers places the project in a class of its own. For those interested in learning more about unit types, availability, updated pricing or purchase conditions, we invite you to complete the form at the end of this article. A representative from the developer will reach out directly to provide personalised information and assist you in evaluating the project.

With an absolute focus on product, experience and professionalization, Paraguay Sotheby's Development Division is redefining how gated communities are conceived and marketed in Paraguay. At a time when private real estate developments are gaining scale and sophistication in Paraguay, Paraguay Sotheby's International Realty is taking a further step: creating a division dedicated exclusively to marketing gated communities, with a total focus on a specific type of product, a specific type of client, and a specific type of experience. Thus, the Paraguay Sotheby's Development Division was born, a specialized unit that, less than a year after its launch, is already operating with high-end properties, iconic brands, and a clear positioning in the highest value-added segment of the residential market. The starting point is simple, yet distinctive: to focus entirely on high-end gated communities and build a team specifically trained for this type of property. The Paraguayan gated community market is still young, but it already boasts large-scale, high-quality projects comparable to those in the region's leading development hubs. In this context, the Development Division was created with a clear objective: to bring professionalism, methodology, and specialization to a sector that demands much more than simply selling a lot or apartment. The division is structured around the idea that a specialized, comprehensive advisor, permanently connected to the product, the developer, and the growing community, can offer superior guidance and foster long-term relationships. It's not just about closing a deal, but about supporting decisions that, in many cases, involve where a family will live, invest, raise their children, or plan for their retirement. Eleven months after its launch, the Development Division is nearing the end of its first year, having exceeded its objectives and achieved concrete results with high-value properties. The initial, cautiously designed plan anticipated gradual growth. However, the market response was more dynamic than expected: sales were realized in property types projected for later stages, and a broader product range was successfully incorporated, without losing focus on the gated community segment. This initial assessment combines internal consolidation, validation of the specialization strategy, and, above all, evidence that real demand exists when clear information, dedicated support, and a consistent value proposition are offered. The Development Division operates at a strategic crossroads where three decisive forces converge: the global backing of Sotheby's International Realty, the local experience of Grupo Raíces, and a portfolio of developments that are already redefining the country's residential landscape. Membership in Sotheby's entails rigorous international curation, where only projects that meet quality standards gain global visibility—a key differentiator at a time of growing foreign interest in Paraguay. At the same time, the division originates from within a group of developers who have spent over two decades creating iconic gated communities with complex master plans, high-standard amenities, and established communities. Marketing these projects means working with products whose track record, proven appreciation, and quality of life are validated by the real-world experience of thousands of families, placing the unit in an exceptional position within the market. Aquadelta en Distrito Norte The division is led by Glenda Muñoz, a professional with extensive experience. Her prior experience has left a clear mark: an organized and demanding work methodology, a results-oriented culture, approachable and present leadership, and a natural familiarity with high-value products that enhance quality of life. For years he managed brands in very different segments, in a market where the purchasing decision demands a deep understanding of the customer's needs, persuasion, differentiation, and a solid experience before, during, and after the sale. This same logic is now being applied to real estate developments in gated communities. One of the clearest indicators of internal performance is that, of the advisors in the Development Division, 85% have already closed sales in this first year. This figure becomes particularly relevant when considering market trends. The Development Division serves a distinctly international clientele. We work daily with clients from Brazil, the United States, Canada, Spain, and other markets, who come with references from investments made in various countries and with diverse experiences regarding compliance, support, and after-sales service. Development Division's value proposition rests on a constant idea: the customer experience is as important as the asset being purchased. The model seeks to replicate, in the real estate world, the kind of attention anyone expects to receive when making a significant purchase. The key is to take an almost "X-ray" view of that reality and, based on that, recommend the right property. The Paraguay Sothbey's Development Division portfolio is built on developments that have set and continue to set trends in Paraguay. Among them, three projects serve as cornerstones of the current strategy: Aquadelta , Aquabrava , and Aquaterra, in addition to the legacy of Aqua Village and other large-scale neighborhoods such as Costa del Lago, Blue Lagoon, and La Trinidad. Aquadelta is currently positioned as one of the most attractive opportunities in terms of capital appreciation. Its offering combines a strategic location, close to the business district, with a nautical master plan incorporating wave-training lagoon technology, just 25 to 30 minutes from Asunción. For investors seeking to allocate a monthly sum of money to an asset that competes in performance with traditional financial instruments, Aquadelta offers a unique balance: relative affordability in initial investment amounts, projected appreciation over time, and a lifestyle that can function both as a second home and as an expanded primary residence for those currently living in apartments in the business district. Aquabrava in Altos Aquabrava , for its part, represents the continuation of a pioneering vision that began with the introduction of Crystal Lagoons and was consolidated with the incorporation of Wave Tech technology. Fifteen years ago, imagining a lagoon with waves in Altos seemed almost like science fiction for the Paraguayan market. Today, it is part of the daily lives of hundreds of families who practice water sports in a controlled, safe environment surrounded by nature. Innovation has ceased to be a brochure concept and has become a tangible differentiator that adds real value to the property and the lifestyle. Aquaterra is designed as a residential oasis just minutes from Asunción's main commercial and corporate corridor. In a context where access to safe, high-quality public spaces is limited, Aquaterra offers a lagoon, a gym, walkable streets, security, and a strong sense of community. It's an increasingly popular "meeting point" for foreigners seeking tranquility, clean air, quiet nights, and a social environment that aligns with their vision for raising children. The option to live in apartments or build houses on lots up to 1,000 square meters broadens the range of profiles that can find a solution there, from young professionals to established families. The legacy of Aqua Village, Blue Lagoon, and Costa del Lago is evident in the entire subsequent generation of gated communities. The same essence remains: a clear commitment to the upkeep of lagoons, streets, and infrastructure; a constant pursuit of improvements; and a focus on the user's everyday experience. The sight of a resident swimming in the lagoon mid-morning, groups taking evening strolls, or families reserving a court through an app and arriving on foot are, in reality, practical demonstrations of a concept: quality of life as a tangible product, not just a slogan. One of the key strengths that Paraguay Sotheby's Development Division highlights when speaking with investors is the proven appreciation of Raíces developments. There are neighborhoods where the increase in value has exceeded 280%, and others where the average is above 50%, always depending on factors such as location, amenities, and pace of development. Aqua Village is a prime example: an initial group of owners invested in the project early on, and ten years later, the neighborhood boasts a permanent waiting list, high occupancy rates, sustained rental demand, and a level of appreciation that has become a benchmark in the market. Owners see this growth reflected not only in a presentation but also in the tangible reality of being able to resell or rent under very favorable conditions, even covering a significant portion of the property's costs with temporary income. A real estate asset in these neighborhoods competes not only with other projects, but also with financial instruments and investment alternatives in other countries. The difference is that here, the investment is tangible, usable, enjoyable, and transactable, backed by a developer brand that remains a leader and benchmark for new generations of projects. In less than a year, Paraguay Sotheby's International Realty Development Division has established itself as a unit that raises the bar for how gated communities and condominiums are conceived and marketed in Paraguay. It achieves this through absolute specialization in this asset type, the use of professional methodologies and tools, and a focus on placing the client experience at the heart of its offerings. With a portfolio comprised of some of the most significant developments in the country, international backing that amplifies its reach, and a local development group with a proven track record of added value and compliance, the division is positioned as a strategic partner for both national and foreign investors and for families who are looking for more than just a place to sleep: they are looking for a place to live, a different way of life. Next year, the challenge will be to further deepen this specialization, incorporate new layers of service, take advantage of the growing international interest in Paraguay, and continue demonstrating, with results, that the model of gated communities and quality condominiums, accompanied by professional and focused marketing, can be one of the great drivers of the country's new real estate cycle. If you would like to learn more about the products in the Paraguay Sotheby's Development Division portfolio and explore investment opportunities in these developments, you can complete the form below to receive personalized information.

How an urban positioning strategy managed to transform the perception of Asunción and redefine the country's corporate map. In the urban imagination, some concepts seem to take hold overnight, as if they arose spontaneously. Words begin to be repeated in conversations, headlines, business plans, and corporate presentations until they become part of the everyday vocabulary of the market. But this apparent naturalness is almost never accidental. In real estate, where language not only describes the city but also constructs it, new axes, districts, or centers respond to carefully designed positioning strategies to reorganize the way we think about territory. Cities are narrated and reshaped through words, but none of them are sustained solely by marketing power. For an idea to endure, it must be supported by facts: investment, construction, infrastructure, perceptible changes in urban life. Narrative can open the door, but only evidence allows it to take root. “Asunción’s New Corporate Hub” is one of the clearest and most successful examples of this dynamic in Paraguay. It wasn’t a term that simply caught on; it was the result of a sustained strategy that combined market research, urban analysis, intelligent communication, and a series of projects capable of bringing the concept to life. More than just a slogan, it became a cultural and urban project that redefined the perception of Asunción in the following decade. The story begins in 2008, when Capitalis announced a groundbreaking plan for the time: to build ten corporate buildings within seven years on Aviadores del Chaco Avenue, between San Martín and Madame Lynch. The idea was ambitious, not only because of the sheer volume of square meters it proposed to develop, but also because it offered something that didn't yet exist in Paraguay: a planned corporate corridor with its own distinct identity, aligned with regional trends like Catalinas in Buenos Aires, Las Condes in Santiago, or Faria Lima in São Paulo. The first step was tangible: Plaza Center Molas López and Plaza Center Victoria, both inaugurated in 2010, followed by Plaza Center Santa Teresa in 2011. But the milestone that would truly solidify the narrative was the launch of the World Trade Center Asunción in 2011, a complex of over 70,000 square meters that, from its very announcement, symbolized a leap forward for the local corporate market. From that moment on, the concept ceased to be a projection and became a visible reality. The narrative rested on carefully constructed arguments. The location was no accident: it was the main access point to the capital from Silvio Pettirossi International Airport, giving the buildings the status of urban landmarks and offering a strategic advantage for foreign executives. The proximity to Shopping del Sol added a service and dining component that enhanced the work experience. The presence of the Sheraton Hotel, just a few meters away, provided infrastructure for corporate events and world-class accommodations, reducing the need for companies to occupy their own space for meetings or conferences. And all this was happening at a time when the market was already giving clear signals: many private companies had abandoned the historic center to set up shop in converted homes in residential neighborhoods, a practical but limited solution. These houses were not designed to meet the needs of a premium office and, over time, became insufficient. The market demanded a new central hub. The market research conducted by Capitalis reinforced this diagnosis. Mariscal López, between Sacramento and San Martín, was already showing signs of saturation, a lack of planning, and insurmountable traffic congestion. San Martín was evolving into a predominantly commercial hub. Logic dictated that corporate growth should be directed toward Aviadores del Chaco, a wide corridor with good connectivity and the capacity to absorb large-scale developments. The strategy, communicated through interviews, press releases, advertising materials, and sales presentations, had a consistent, well-supported narrative, precisely repeated. There was no improvisation: each message reinforced the idea that Asunción needed a new business hub and that this hub already had defined coordinates. The impact was immediate. The campaign became so influential that other developers began incorporating the term into their communications, adopting it as a sign of belonging to a new urban order. Three milestones accelerated this process: the launch of Paseo La Galería in 2013, the announcement of SkyPark in 2015, and the arrival of Park Plaza in 2018—flagship projects by EYDISA that reinforced the area's corporate identity. Later, with the inauguration of Torre Aviadores, Codas Vuyk also adopted the concept in its communication strategy. Soon, even residential and commercial developments located in Santa Teresa, Mburucuyá, Molas López, and the CIT area began to highlight their proximity to the "corporate hub" as an added value. The concept expanded beyond the original area to become a commercial attribute signifying modernity, connectivity, and prestige. The narrative no longer belonged solely to Capitalis; it had become a shared language for the market. The physical consolidation of the corridor also progressed. New buildings were added, such as Trading Park, the Distribuidora Gloria corporate headquarters, the Matter building, Link Aviadores, Las Torres AYMAC, Royal Tower, and The Top, among others. The ecosystem was further strengthened by the addition of hotels like Dazzler, Splendor, and Aloft, which completed the necessary infrastructure for a metropolitan-scale corporate corridor. Simultaneously, Shopping del Sol expanded with more retail spaces and is now preparing to launch a new corporate tower. What began as a vision has become a cohesive urban fabric, with a critical mass of square meters, services, and amenities that retroactively validated the original campaign. In retrospect, “Asunción’s New Corporate Hub” can be understood as much more than an advertising campaign: it was a successful urban experiment in which narrative, market, and architecture aligned to transform the city. The concept reshaped how Asunción is perceived, how investment is made, and how planning takes place. And it demonstrated something fundamental in real estate: cities don’t change with buildings alone; they change with ideas capable of organizing those buildings within a shared vision. From a marketing perspective, the "New Corporate Axis of Asunción" campaign represents one of the clearest examples of territorial branding in the Paraguayan market. It didn't simply promote real estate; it proposed a symbolic reorganization of the city, where value stemmed not only from the building itself, but also from the urban narrative to which that building belonged. This type of strategy, widely used in mature markets, transforms geography from a static fact into a narrative product, curated and sustained over time. The key success of that campaign was understanding that real estate value depends not only on architecture or available square footage, but also on the collective perception of the location. Marketing didn't operate as a mere artifice, but as a mechanism for connecting real trends: companies relocating from the city center, growing demand for premium office space, saturation of traditional corridors, and a clear geographic opportunity. Communication didn't invent the corporate axis; it interpreted it before anyone else and gave it a communicable form. Furthermore, the campaign distinguished itself by its ability to generate spontaneous support. When other developers began using the same name, the concept ceased to be the property of a single company and became a cultural asset of the market. This is what is known in marketing as an “adopted narrative”: an idea that transcends its creator because it addresses a conceptual gap that the market needed to fill. At that point, the campaign ceased to be a positioning strategy and became a shared mental framework, something that rarely occurs in the local real estate sector. Another key aspect was the consistency between message and evidence. Many real estate campaigns fail because they promise futures inconsistent with urban reality. In contrast, the corporate axis's narrative found its legitimacy in the simultaneous progress of iconic projects, the growth of the office park, the establishment of international hotels, and the consolidation of complementary infrastructure. Each new project functioned as an additional chapter that reinforced the narrative. From a marketing perspective, this is fundamental: a concept is not sustained by advertising alone; it is sustained by social proof, critical mass, and consistent repetition. Timing was also crucial. The campaign was launched at a time when the country was beginning to experience a new phase of private investment, greater internationalization of companies, and a nascent foreign interest in the local corporate market. Capitalis seized this window of opportunity and acted before the market could define its own course. In marketing, this is known as the first-mover narrative advantage: being the first to name something is equivalent to being the first to define how it should be understood. Behind every new urban center, behind every concept that transcends its origins, there is always a combination of business vision, urban observations, and a sustained, critical analysis from specialized media outlets that understand the city's pulse. They are not responsible for inventing the narrative, but rather for giving it depth, legitimacy, and continuity. In rapidly growing markets, this interpretive capacity becomes essential because it prevents concepts from becoming diluted and helps urban transformations be understood within a broader context. Ultimately, the success of the “New Corporate Hub of Asunción” reveals something deeper about real estate marketing: that the best campaigns don't sell products, but rather visions of the city. They don't simply seek to occupy land or sell offices; they seek to construct an aspirational scenario where investment, architecture, mobility, and prestige converge into a single concept. When that vision becomes credible and replicable, it ends up acting as a symbolic ordering of the territory, modifying not only how the city is built, but also how it is conceived. This corporate focus didn't appear by magic. It came about because someone had the ability to identify a pattern, construct a narrative, support it with evidence, and execute it through concrete actions. And because the market—companies, developers, institutions, buyers—found in that narrative a truth that needed to be named. That is the power of words when they align with reality: they don't just interpret the city, they transform it.

Technical supervision that orders, controls and guarantees quality in a market that is growing in scale and complexity. In Paraguay, the most visible image of the real estate sector's growth is the rising structures, the buildings dominating the skyline, and the accelerated movement of machinery and work crews on construction sites. However, behind this construction boom lies a lesser-known, less visible, but absolutely crucial component for the success of any project: construction oversight. This technical and administrative process silently accompanies each stage of development and becomes the mechanism that organizes, verifies, and guarantees that what was commercially promised translates into a safe, functional building that complies with regulations. Oversight in Paraguay has become increasingly complex as projects have evolved from modest scales to ever more sophisticated undertakings. Today, a building or gated community is not sustained solely by blueprints and contracts: it relies on a control system that links the developer, the designers, the construction managers, the contractors, the laboratories, the municipalities, and, in certain cases, financial or fiduciary entities. Although the roles vary depending on the type of project and its accompanying legal structure, the underlying logic remains the same: to verify that construction progresses within the established quality standards, that modifications are technically justified, that the materials meet specifications, and that each phase of the process is traceable. In a typical real estate development, oversight begins even before the first brick is laid. The technical review of plans, the coordination between disciplines, the validation of structural calculations, the scheduling, and the preparation of construction procedures form part of the first major filter—a filter designed to anticipate errors and reduce uncertainties. Once construction begins, this work shifts to a more dynamic environment, where supervision becomes a daily task and where structural decisions, on-site adjustments, quality tests, safety controls, and regulatory verifications all intersect. The project supervisor, whether internal or external, then becomes a key player, bridging the gap between design and execution, between theory and the reality of the construction process. In recent years, some companies in the sector have begun to raise the national standard by institutionalizing their own oversight systems, which operate as independent units within their groups. Petra Urbana, for example, created Cronos, a company that designs and oversees its developments with operational autonomy and its own methodologies, allowing for continuous technical verification and more rigorous traceability of the construction process. Similarly, CIVIS is promoting FiscaPro, a firm specifically dedicated to the professional verification of quality, compliance, and deadlines in real estate projects, offering external control that complements traditional supervision mechanisms. The emergence of these specialized structures demonstrates how the most advanced players in the market are incorporating models where oversight ceases to be a vague internal area and becomes a professionalized, measurable, and transparent service, fostering trust among both developers and buyers. The Paraguayan model combines three major dimensions of oversight that interact simultaneously. On the one hand, there is the developer's internal control, which in larger-scale projects is implemented through technical departments capable of monitoring concrete quality, the installation of critical systems, adherence to plans, site safety, and the consistency between physical progress and the schedule. Although this control depends on each company's structure, it is generally the closest to day-to-day operations and allows for correcting deviations before they become major problems. Added to this dimension is the oversight exercised by the project designers and technical directors, whose involvement defines how to resolve the incompatibilities that inevitably arise in any construction project. Structural engineers, architects, and building services specialists must validate decisions that impact both the building's integrity and its future performance. Their role, while not always continuous, is crucial because it establishes a bridge between the project's intent and its physical execution. The third dimension becomes prominent in projects that utilize fiduciary structures or bank financing. This is where external oversight comes into play, with a dual objective: to guarantee technical quality and ensure the financial traceability of the project. Each disbursement made by the trustee or financial institution depends on progress certifications verified by an independent auditor, reducing risks for all involved and requiring a level of transparency and rigor that goes beyond internal supervision. These systems, increasingly common in Paraguay, offer the buyer additional protection and act as a counterweight that safeguards the assets allocated to the project. The true scope of oversight is broader than commonly imagined. It's not limited to checking if a slab is finished or if masonry is aligned, but encompasses fundamental areas such as material strength, laboratory testing, electrical and plumbing system inspections, fire protection systems, quality of finishes, regulatory compliance, and consistency between budget, progress, and payments. In a market where apartments are mostly sold pre-sales, each of these phases becomes critical: oversight becomes the silent guarantor that what is billed corresponds to what was actually completed. Despite its importance, the Paraguayan oversight system faces structural challenges. The differences between developers are striking. Some operate with robust controls, digitized processes, BIM models that allow for clash detection, and multidisciplinary teams that evaluate quality in real time. Others delegate virtually all supervision to the general contractor, creating a clear conflict of interest and opening the door to deviations that only become apparent at the end of the project. Adding to this is the weakness of municipal oversight. Although municipalities have regulatory frameworks and conduct inspections, their technical and operational capacities are limited, making public oversight more of a paper-based process than a technical one. The end buyer, for their part, is often unaware of what oversight entails and, consequently, does not incorporate this factor into their purchasing decision. This lack of technical awareness allows projects without robust controls to progress as quickly as those built under rigorous standards, creating asymmetries that affect the reputation of the market as a whole. Added to this is the absence of unified standards defining tolerances, quality criteria, and delivery protocols, which means that two projects in the same segment can exhibit substantially different levels of supervision. Looking ahead, strengthening oversight is essential to sustaining the growth of the Paraguayan real estate market. The international trend is moving towards more integrated models, where technology, especially the use of BIM and construction management platforms, allows for the traceability of every decision, inspection, and test. These models create a more professional ecosystem and reduce the discretion that has historically characterized many construction processes. Professionalizing oversight involves not only strengthening technical supervision and improving public capacities, but also promoting greater transparency for the buyer. It means enabling the market to differentiate between projects with robust control systems and those with minimal oversight. And, above all, it means understanding that the quality of a building is not defined solely by its visible finishes, but by a continuous process of decisions that are verified, documented, and rigorously executed. In a country experiencing one of the most dynamic real estate cycles in its recent history, construction oversight is much more than a technical process: it is the silent pillar that sustains market confidence, the safety of residents, and the stability of real estate assets. Strengthening it is not only necessary but essential to building a sector that combines competitiveness, quality, and transparency, in line with the growth it projects for the coming decades.

A territory that went from being a strategic outpost on the border to consolidating itself as the second most important city in Paraguay, articulating trade, infrastructure, demographic growth and a real estate market in full expansion within a metropolitan system that unites Ciudad del Este, Hernandarias, Presidente Franco and Minga Guazú. Ciudad del Este began as a strategic border post and has since transformed into an urban and economic hub whose influence extends far beyond the country's borders. Founded as Puerto Flor de Lis in 1957, and later renamed Puerto Presidente Stroessner, the city established itself from its early decades as a connection point between Paraguay and Brazil, bolstered by the increased traffic generated by the Friendship Bridge and a dynamism of commerce that has continued to grow. Today, it is the capital of the Alto Paraná department, located 327 kilometers from Asunción via Route PY02, now almost entirely a dual carriageway, and forms part of the extensive urban ecosystem of the Triple Frontier, along with Foz do Iguaçu and Puerto Iguazú—a transnational area of nearly one million inhabitants that shares commerce, tourism, energy infrastructure, and a constant flow of people and capital. The 2022 Paraguayan census confirms the district's demographic magnitude, with 325,819 inhabitants within its boundaries and over half a million if the metropolitan area, which includes Hernandarias, Presidente Franco, and Minga Guazú, is considered. This urban area has evolved into a polycentric system where each city plays a complementary role: the departmental capital maintains its commercial and logistical leadership; Hernandarias concentrates energy, industry, housing, and large private developments; Presidente Franco is emerging as a residential and tourist corridor with direct access to the Paraná River; and Minga Guazú is positioning itself as an industrial and airport hub, driven by the Guaraní Airport and numerous logistics parks. Ciudad del Este's geographic location made it an economic and cultural hub from an early age. Thousands of people cross the Friendship Bridge daily, primarily from Brazil and Argentina, drawn by the retail, wholesale, and technology model that distinguishes the city within the country. This is complemented by a growing shopping tourism sector that sustains a steady flow of visitors in both high and low seasons, creating an ecosystem where traditional galleries, contemporary shopping centers, and retailers serving both the end consumer and the regional market coexist. Border infrastructure is undergoing a transformation that will reshape mobility patterns in the metropolitan area. The new Integration Bridge, which will connect Presidente Franco with Foz do Iguaçu, will begin operations in December 2025, gradually reducing congestion on the Friendship Bridge, channeling freight traffic to a dedicated corridor, and creating a new logistics hub south of Ciudad del Este. This project is complemented by the duplication of Route PY02, completed in its final sections in 2023, which has reduced travel times, improved road safety, and strengthened integration between the capital and the eastern region, facilitating both commercial transport and the flow of workers, students, and tourists. The consolidation of Ciudad del Este as Paraguay's second most important city, in economic, population, and regional influence terms, is explained not only by its commerce but also by the emergence of new urban functions. Light industry is growing in the periphery; new corporate centers are emerging, such as the World Trade Center inaugurated in 2021; and the real estate sector is experiencing an expansion cycle with residential, corporate, and large-scale projects that capitalize on a transforming market driven by local and metropolitan demand. One of the cornerstones of the area's urban development is the Paraná Country Club in Hernandarias, a pioneering project that laid the foundation for the concept of large-scale private residential developments in Paraguay. Established in the 1980s on approximately 450 hectares, the PCC combined, from its inception, sports facilities, a clubhouse, golf, and direct access to the Paraná and Acaray rivers, all within a privileged natural setting. Over time, it evolved into a "socioeconomic district" encompassing more than 2,700 properties, integrating established residential areas, local businesses, urban amenities, and a community that blends permanent residents with weekend homeowners. Its influence on the urban development of eastern Paraguay was decisive: it boosted the value of Hernandarias, attracted services, and established a standard that other residential developments sought to replicate. Costa del Lago en Hernandarias Among the projects redefining the area's growth, Costa del Lago, developed by Raíces Real Estate in Hernandarias, stands out. Spanning 380 hectares and featuring a crystalline lagoon of 3 to 3.5 hectares using Crystal Lagoons® technology, the project solidified the "beach country" concept in eastern Paraguay. Its offerings, including a marina with access to Lake Itaipu, sports areas, walking trails, swimming pools, courts, and a world-class clubhouse, introduced a water- and leisure-oriented lifestyle, a combination that attracted both local residents and buyers from other cities, especially Asunción. Its inauguration in 2023 marked a turning point in the adoption of large artificial bodies of water in Paraguayan real estate projects. Vivo Los Naranjos y Vivo Los Guayabos de Codas Vuyk The arrival of developers with a national track record further strengthened the East's position as an expanding real estate market. Codas Vuyk and CRESIA arrived in Ciudad del Este in 2024 with the start of construction on Vivo Los Guayabos and the launch of Vivo Los Naranjos , two developments located in one of the city's most traditional residential corridors. The area, historically linked to families from the Itaipu Dam, is characterized by spacious homes, leafy trees, and a strong neighborhood identity, making these projects a natural evolution of the residential market toward vertical developments. Vivo Los Guayabos , a six-story building with units ranging from 40.43 to 135.24 square meters, offers a product with a strong focus on the end consumer, providing one- to three-bedroom options with contemporary design and a planned delivery date of 2026. The project's sales rate has exceeded 90%, confirming the latent demand for quality vertical housing in the city. Vivo Los Naranjos , also a six-story building, targets a similar market but with larger units, ranging from 80 to 150 square meters, responding to two clear market trends: young people seeking independence within the neighborhood where they grew up, and families who find apartments a more functional and practical alternative to a traditional house. Its delivery is scheduled for 2027. Paseo Boquerón de Codas Vuyk In addition to these projects , Paseo Boquerón is located almost on the shore of Lake of the Republic, one of the most iconic areas of Ciudad del Este. With 84 units suitable for short-term rentals, the project was conceived based on a very specific demand profile: residents and tourists seeking versatile apartments in strategic areas with high pedestrian traffic, access to green spaces, and proximity to restaurants, universities, and urban amenities. Its amenities—coworking space, study room, gourmet lounge, game room, barbecue area, swimming pool, solarium, and gym—cater to a clientele that values a comprehensive living experience. More than 75% of the units have been sold, and delivery is scheduled for April 2028. Riviere de Metrika Metrika, for its part, was one of the first developers in Asunción to make a strong push into the East. Following the launch of Fronterra in 2022, now completed and inaugurated, the firm began construction in 2024 on Riviere , a project of understated scale but great architectural sophistication located in the new extension of the Paraná Country Club's commercial district. On a 2,000-square-meter plot just a few meters from the riverfront, Riviere features spacious residential layouts: penthouses of 295 m², three-bedroom units of 205 and 195 m², and two-bedroom apartments ranging from 117 to 147 m². The architecture prioritizes the relationship with the Paraná River landscape and interior flexibility, with delivery scheduled for July 2027. Metrika's presence in the city not only expands the residential offering, but also raises the standard of design and sustainability in the local market. Lofty City Hub de Metrika The dynamism of the East's real estate market is also reflected in the emergence of conceptual proposals that interpret the new ways of living for a young, mobile, and connected generation. Lofty City Hub , launched in 2025 in the heart of Barrio Boquerón 1, is a clear example of this transition. Conceived as a vertical ecosystem that combines housing, retail, and collaborative spaces, the project is located in the city's most vibrant gastronomic and university corridor, one block from Lake of the Republic, and boasts unobstructed views thanks to its location on a cul-de-sac. Lofty City Hub represents the consolidation of a new urban model in Ciudad del Este: hybrid buildings that seek to integrate uses, promote pedestrian-friendly living, and create a residential experience associated with shared time, versatility, and proximity to services. This entire urban, economic, and real estate network makes Ciudad del Este a unique case in contemporary Paraguay. Its evolution is not the result of spontaneous growth, but rather an accumulation of infrastructure, political decisions, investments, and migration patterns that have redefined its territory. Today, the city combines its identity as a commercial hub with progressive industrial development, the decisive presence of Itaipu as a regional player, an increasingly sophisticated real estate sector, and an expanding metropolitan network. As the new bridge opens a second international access point and residential and corporate projects gain scale, Ciudad del Este is likely to deepen a process of urban transformation already evident in its neighborhoods, along its riverfront, and in the way thousands of people live there, move through it, and envision it as a frontier city in the 21st century.

An exploration of the co-ownership regime, building governance, and shared responsibilities that define the future of real estate assets, beyond architecture and location. In the minds of many apartment buyers, real estate investment boils down to a simple equation: buy, rent, collect a return, and wait for appreciation over time. However, behind this simplified view lies a complex structural system, deeply regulated and absolutely crucial to the value of any property. A system that, paradoxically, is unknown to the vast majority of owners and investors: building management and the co-ownership regime that governs its operation. In contemporary urban Paraguay, where vertical development is progressing at an accelerated pace, a lack of awareness about these issues is widespread. Owners rarely understand that, from the moment they acquire a unit, they become part of a community with specific rules, shared responsibilities, and a governance structure that defines the financial and physical health of the building. They are also unaware that the way the property is managed is one of the factors that most significantly impacts the preservation of its value, the quality of life of the residents, and future profitability. They believe that simply paying a monthly maintenance fee is sufficient, as if it were a fixed amount without further consideration, without questioning what is actually being done with that money, how maintenance is planned, or what mechanisms exist for decision-making. The breaking point often comes when a curious owner begins to notice certain inconsistencies: unchecked wiring, unmaintained fire suppression systems, construction projects that are never carried out, unclear invoices, or simple signs of deterioration that reveal a lack of planning. This initial unease opens a door, for some, to a world they had never considered. With a genuine desire to understand how the building operates and how the collective investment is managed, many begin to investigate: they ask how the administration is governed, what the procedures are for an assembly, who actually makes the decisions, what the administrator's obligations are, and how expenses are controlled. Along the way, they discover that there is a legal structure that regulates all operations: the condominium bylaws. The condominium bylaws are a key document drafted before the building is constructed and registered with the Public Registry. Simply put, it's the building's charter, similar to the articles of incorporation of a corporation. It establishes the ownership percentages for each unit, the administrative procedures, the relationships between owners, and the decision-making process. These bylaws determine how the assembly is formed, how a board of directors is elected, and the obligations and limitations of both the administrator and the owners themselves. None of this is optional. Nothing is informal. Everything adheres to a precise legal framework. Despite its importance, this document is virtually unknown to most homeowners. Many owners never read it and, therefore, are completely unaware of their rights and obligations. They don't know that, according to the co-ownership regulations, there must be a board of directors elected at an assembly, made up of owners, and responsible for overseeing everything that happens in the building. Nor do they know that the contracted management company must answer to this board, which functions like a directory, and not make decisions on its own. In many buildings, the exact opposite occurs: the management operates without oversight, makes hiring decisions, purchases, manages budgets, and carries out construction work without the formal approval of the body that should be managing the building. This distortion is so common that many residents believe it's the normal way things work, when in reality it represents a breach of both the regulations and the basic principles of governance in a shared property. When owners become more involved, they also discover that the smooth running of the building depends not only on the manager's will, but also on a balanced approach to roles. The board of directors, composed of individuals who must necessarily be co-owners, is responsible for managing the monthly budget, approving expenses, overseeing the hiring of suppliers, evaluating improvement projects, ensuring transparency in decision-making, and maintaining the overall condition of the building. The management, for its part, must implement the board's decisions, ensure compliance with regulations, maintain accurate records, submit regular reports, and always act according to directives, not on its own initiative. When this system fails, buildings experience problems that silently erode their value. Purchases are made without oversight, suppliers are not properly vetted, maintenance staff are unqualified, emergency systems are neglected, preventative maintenance is indefinitely postponed, and minor issues accumulate into major problems. A lack of transparency breeds distrust, the absence of planning drives up costs, and physical deterioration impacts both resale value and the building's ability to attract good tenants. In practical terms, poor management can destroy more value than any market fluctuation. The widespread lack of awareness about these matters has an additional effect: many owners believe they have no right to get involved. They assume that the management "takes care of everything" and that they have no say beyond paying their maintenance fees. The truth is that every owner, even those who don't actively participate in meetings, has the right to request all the monthly invoices, review the cash flow, meet the suppliers, verify that prices are in line with the market, and understand how every guaraní is being spent. It's everyone's money and, therefore, subject to everyone's oversight. The management cannot refuse to provide information because it is part of a condominium association that has a duty to be accountable. As buildings grow in complexity, the legal dimension becomes even more important. Assemblies must be conducted in strict accordance with the Civil Code, both in terms of notice and quorum, as well as the validity of resolutions. Failure to do so can result in any decision being challenged and even lead to legal liability. Therefore, in many cases, it is advisable for a lawyer to oversee the assembly process, review the co-ownership regulations, verify compliance with formalities, and ensure that decisions are legally sound. This is not about bureaucracy; it is about protecting the building, the owners, and the collective investment. The culture of involvement that many buildings are tentatively beginning to develop demonstrates that when owners organize themselves and get to know each other, operations improve immediately. Decisions become more strategic, transparency increases, expenses are optimized, and building maintenance becomes a shared priority. Management, far from being an autonomous entity, becomes an efficient executor of a common project. This interaction yields a double benefit: residents enjoy a more well-maintained and harmonious environment, while tenants obtain a more stable and predictable return on investment thanks to a property that is well-managed and valued by the market. Ultimately, getting involved isn't about taking on too much, but about protecting the property. Real estate investment doesn't end with the handover of the keys; it begins there. A well-managed building retains its value, ages gracefully, remains competitive against new offerings, and inspires confidence in the market. A poorly managed one, on the other hand, loses value, increases vacancy rates, generates internal conflicts, and eventually becomes a problematic asset. Understanding the co-ownership regulations, the role of the board, overseeing management, demanding transparency, participating in decisions, and maintaining open communication among owners are not optional; they are essential parts of modern real estate. In an increasingly vertical and sophisticated market, the sound management of a building is one of the strongest pillars for sustaining real returns and extending the asset's lifespan. What happens behind closed doors—in decisions, meetings, financial statements, and maintenance—often determines whether an investment thrives or declines.

A tour of the country's largest-scale private residential developments, where the combination of lagoons, golf, integrated services and long-term planning is beginning to redraw Paraguay's urban map. In less than two decades, Paraguay went from having a few pioneering gated communities to developing a network of private residential developments on an unprecedented scale in the region. These gated communities, residential developments, and veritable "micro-cities" combine housing, sports, commerce, education, entertainment, and, increasingly, water: rivers, natural lagoons, and large crystal-clear bodies of water. This ranking brings together some of the largest large-scale private residential developments in the country, ordered by approximate area, based on information provided by the developers themselves and public data. The figures in hectares are approximate and may vary slightly depending on the source or the stage of the master plan. Beyond differences in location or business model, they all share a pattern: territorial scale, strong presence of water, amenities above the historical market standard and a long-term view on how the city is inhabited, invested in and built. 1. The Delta – 1,600 hectares (New Asunción) The Delta is, today, the largest private development in Paraguay. Located between the Remanso Bridge and the Heroes of Chaco Bridge, on the right bank of the Paraguay River, it covers approximately 1,600 hectares in what is known as New Asunción; a territory destined to become the country's great urban laboratory. With a master plan by BMA and urban design by Solaria City Makers, El Delta presents itself as a planned city where water shapes the landscape: 6 kilometers of riverfront, 23 kilometers of navigable canal, and 16 kilometers of inland lagoons. This water infrastructure is not only a scenic resource but also a key element of value: views, marinas, nautical activities, and a layout of neighborhoods that are constantly connected to the water. Within the master plan, La Isla Del Delta was the first residential development: an island connected by a bridge, with 66 lots of approximately 2,000 m² each, establishing a concept of exclusivity rarely seen in the local market. It is complemented by other developments such as Riverside, a complex of medium-density buildings up to eight stories high with views of the river and golf course; Barrio Norte, with 300 lots on 100 hectares and a sports clubhouse designed by Christian Gould; and Barrio Náutico, which embodies the project's aquatic DNA with 68 hectares, 200 lots, and private marinas for boats. The Delta also integrates a corporate and service layer that brings it closer to the idea of a "city in itself": Las Palmas Street Mall, a 55,000 m² shopping center with a gastronomic offering and everyday services; a Business Center with buildings such as Alkan, Navis and Navis II; and the country's first free service zone, with three office towers geared towards national and international companies. Completing the ecosystem are the Marina del Delta nautical complex and Tarumá Golf, an 18-hole course designed by Stirling & Martin, which consolidate the project as a regional benchmark at the intersection of urban planning, nautical life and high-standard real estate. 2. Paraná Country Club – 450 hectares (Hernandarias / CDE) If El Delta represents the new generation of mega-developments, Paraná Country Club is the great pioneer. Born in the 1980s as a venture of the eponymous real estate company, the project extends over some 450 hectares in Hernandarias, at the confluence of the Paraná and Acaray rivers, and has established itself over time as one of the most prestigious and well-established private residential communities in the country. Originally conceived as a country club, with golf, clubhouse and swimming pool as commercial magnets, the PCC evolved into a private urbanisation with three well differentiated areas: commercial sector, residential area and the club itself, articulating today 2,700+ properties including homes, lots and complementary developments. The first golf course and clubhouse marked the beginning of a lifestyle associated with sports, socializing, and connecting with nature, in a setting of lush forests just minutes from Ciudad del Este. Over the years, the Paraná Country Club became a true "socioeconomic district": groundbreaking sporting activities, a vibrant social life, local shops, and a well-established community of permanent and weekend residents. In urban terms, it is the direct antecedent of many current projects: a large expanse of private land, with internal infrastructure, its own governance and a very strong identity, which ended up influencing the way suburban development is thought about in Alto Paraná and in the country. 3. Lake Coast – 380 hectares (Hernandarias) Costa del Lago, developed by Raíces Real Estate in Hernandarias, with 80 hectares, is configured as one of the largest country clubs in the region. The heart of the project is a crystalline lagoon of approximately 3 to 3.5 hectares, created with Crystal Lagoons® technology, which recreates a Caribbean beach experience with white sand on the Alto Paraná plateau. The development also includes green areas, a marina with access to Lake Itaipu, a sports area with tennis, paddle tennis, and soccer courts and swimming pools, bike paths, and a clubhouse with top-tier amenities. Opened in 2023, Costa del Lago consolidated the "beach country" format in the east of the country and anticipated the boom of projects anchored in large artificial bodies of water, which would later be replicated in other cities. 4. Agua Vista – 307 hectares (San Juan del Paraná / Itapúa) Agua Vista is the premier example of this sport in the south of the country. Located in San Juan del Paraná, facing the Paraná River and just minutes from Encarnación, it spans approximately 307 hectares, combining natural topography, water views, and a robust sports infrastructure. The development features over 1,100 lots ranging from 800 to 1,400 square meters and a sports package rarely seen in the local market: an 18-hole professional golf course on 57 hectares, two professional soccer fields, tennis courts, paddle tennis courts, basketball courts, a 10-km bike path, a mountain bike circuit, and a fully equipped gym. In addition, there is a prime nautical area with 36 docks, a boat storage facility, a navigation channel, and a private beach with barbecue areas and support facilities for recreational use of the river. Agua Vista positions itself as a riverside community that integrates the Paraná River landscape, high-level sports, and low-density housing. It is also one of the cases where the tourism and second-home component blends with an increasingly stable community of permanent residents, taking advantage of the economic dynamism of Encarnación and its surrounding area. 5. Aquadelta – 200 hectares (North District / Limpio) Aquadelta is one of Raíces Real Estate's strongest projects in the northern corridor of Asunción. Developed on more than 200 hectares on the banks of the San Francisco stream, about 25–30 minutes from the capital's corporate hub, it is conceived as a planned community that combines nautical living, high-level amenities, and integration with educational and commercial services. Its scale is its great differentiator: a 600-meter waterfront, a wave lagoon of more than 3 hectares, six residential neighborhoods, two nautical neighborhoods and a Wave neighborhood, in addition to more than 4.5 hectares of sports areas, a sports clubhouse, a nautical nursery and facilities designed for intensive use of water as a daily amenity. The master plan allocates over eight hectares for commercial and service areas: on the right, an educational cluster with a school (International Smart School), a university, and coworking spaces; on the left, retail, restaurants, and convenience services. The idea is to reduce the need for long commutes and allow family, academic, and social life to unfold in the same environment. In market terms, Aquadelta emerges as a response to a growing tension: families who value connectivity to Asunción but seek a yard, green spaces, amenities, and outdoor living, in a context where the capital's apartment stock has already reached a critical mass. The project positions itself as a kind of nautical "park-city," where commute time becomes a quality-of-life factor rather than a daily burden. 6. Rialto – 192 hectares (Nueva Asunción) Rialto is another key piece of the Nueva Asunción puzzle. Developed on approximately 192 hectares across the Héroes del Chaco Bridge, it presents itself as a large-scale gated community, with 42 hectares of lagoons integrated into the urban design and a strong focus on combining nature, contemporary design, and underground infrastructure. The project is located just minutes from the airport and the business district, making it especially attractive for those seeking proximity to Asunción's city center without sacrificing a low-density, green, and waterfront environment. The current phase of development includes the first neighborhood with 248 single-family lots, amenities such as an events hall, clubhouse, gym, bike path, paddle tennis court, and swimming pool with deck, as well as paved streets and all underground utilities. 7. Los Pingos – 100 hectares (Surubi'í / Limpio) Los Pingos – Country Club is a 100-hectare development within the traditional Surubi'í urbanization, on the banks of the San Francisco stream and only 3.2 km from Aquino Avenue. The project, spearheaded by Altius Group and backed by Peninsula Investments Group, features a meticulously curated design: the urban master plan was developed by Estudio Robirosa, a leading firm in gated communities in Argentina, and the design of access points and common areas was created by Ezequiel Gil of Estudio Pacífica. This combination results in a gated community where architecture, landscape, and water play a central role. One of Los Pingos ' distinguishing features is its system of natural lagoons with ecological treatment, which allows for low-cost maintenance of water quality and enables recreational use with private docks on the lagoon-fronted lots. The clubhouse on the stream, complete with a beach and marina, complements the comprehensive sports infrastructure and the proximity to alumni clubs and associations such as Centenario, CURDA, San José, and Goethe, reinforcing its position in the segment of families who combine active professional lives, vibrant social life, and a desire to enjoy nature. The project also integrates centrality components such as Los Mimbres Open Mall and its proximity to Maple Bear Surubi'í school, which anchor commerce and education within the urban environment itself and raise the level of service of the entire area. 8. Highlands – 90 hectares (San Bernardino) Highlands Park & Lagoon , developed by Petrohué Real Estate on the old access road to San Bernardino, is one of the projects that has garnered the most attention in the market for its combination of art, nature, and Crystal Lagoons® technology. It sits on a 90-hectare site, with 469 lots, 75 townhouses, and a future complex of residential buildings and a boutique hotel. Its main feature is a crystal-clear lagoon with a 100% beach perimeter, which, according to the developer, covers approximately 28,000 m² of water and over 21,000 m² of sand. The architectural design, by Gould Arquitectura, employs a dual approach: light and subtle facades facing the beach and more pronounced volumes towards the exterior, giving the complex a contemporary identity. Highlands also features meticulously landscaped grounds with native and ornamental plants, a clubhouse with a beach bar, a gym, a barbecue area, and a children's playground. The project is being developed in two phases: the first focuses on individual lots, townhouses, and a lagoon; the second comprises larger lots for apartment buildings, a shopping promenade, a variety of restaurants, and a boutique hotel with its own private beach. Construction on the first phase began in 2023, and its completion is projected for 2026. 9. Blue Lagoon – 86 hectares (Pedro Juan Caballero) Blue Lagoon Amambay is a prime example of how the gated community model with a crystal-clear lagoon has expanded beyond the Asunción-Cordillera axis and the Alto Paraná region. Located minutes from downtown Pedro Juan Caballero, this Raíces Real Estate project covers approximately 86 hectares, featuring green areas, walking paths, and a Crystal Lagoons® lagoon of around 4 hectares as its centerpiece. The concept replicates, adapted to the Amambay context, the logic of a “residential resort”: beach, sports, beach bar, and amenities in a controlled and secure environment. In a city historically marked by border trade, Blue Lagoon introduces an aspirational residential product that adds a new layer to the urban and tourist fabric of the area. 10. Aquabrava – 65 hectares (Highlands / Mountain Range) Aquabrava , also by Raíces Real Estate, is located on the San Bernardino–Altos road, 3 km from Aquavillage, and is developed over 65 hectares with 463 residential lots, nine macro-lots and two apartment buildings, forming a new generation gated community focused on sustainability. The heart of the master plan is a crystalline lagoon featuring Wavetech artificial wave technology, the first of its kind within a gated community in Paraguay. Surrounded by over 9,000 m² of sandy beaches in almost 360 degrees, it houses the recreational facilities: clubhouse, swim-up bar, gym, tennis courts, paddle tennis courts, soccer field, and multipurpose courts. The landscape is complemented by an on-site nursery (Garden Market) for the acclimatization of plant species and a design that emphasizes native vegetation and resilience. In terms of infrastructure, Aquabrava integrates advanced stormwater drainage solutions, capturing runoff into a natural ravine, reservoir, and reusing it for irrigation. This positions it as the first gated community in the country to pursue LEED certification at the development level, not just for individual buildings. Multifamily housing is incorporated with the MAUI buildings, low-rise beachfront residences facing the lagoon, which broaden the appeal by offering condominium-style apartments without sacrificing direct access to amenities. A new city map: trends and challenges Taken together, these ten developments help to understand the current state of the large-scale private residential market in Paraguay: The scale is no longer that of traditional land subdivision, but that of the territorial master plan: projects of 60, 80, 200 or 1,600 hectares that function as cities in themselves, with integrated housing, commerce, education, sports and recreation. Water has become the structuring axis of real estate value: rivers, natural lagoons and crystal mirrors with state-of-the-art technology are the common thread between El Delta, Costa del Lago, Agua Vista, Aquadelta, Highlands, Blue Lagoon and Aquabrava. Sport and wellness go from being "amenities" to being part of the central concept: 18-hole golf, professional courts, complete sports clubs and aerobic circuits that define lifestyles and communities. The mix of uses – residential, commercial, educational, corporate – is becoming increasingly sophisticated, especially in projects like El Delta, Aquadelta, Los Pingos or Highlands, where the school, the open mall or the business center are planned from the beginning. At the same time, these developments pose key challenges for public urban planning: how to support with road infrastructure, transport, basic services and regulations a private growth that outpaces the timeline of the State; how to integrate these “micro-cities” into the wider urban fabric to avoid disconnected enclaves; and how to ensure that the compact city does not lose competitiveness in the face of the appeal of gated communities. The truth is that, with their different scales, histories, and business models, these projects are already rewriting Paraguay's residential landscape. And, along the way, they are sparking a new conversation about what it means to "live well" in the country today: more space, more nature, more water, more community, and more long-term planning.

The official presentation opened the first phase of the development to the public, with its network of streets, green areas and initial buildings in operation. Wednesday night, the 26th, marked a pivotal moment for Asunción: the official inauguration of Distrito Perseverancia, a project that not only features new residences, businesses, and public spaces, but also introduces a contemporary neighborhood model designed to restore to the capital a way of life that seemed lost. The event was attended by the President of the Republic, Santiago Peña, the First Lady, Leticia Ocampos, national authorities, owners, collaborators, and clients, who joined in the formal launch of a new chapter in the city's urban life. From the outset of the master plan, the team behind the project was clear that the opening should focus on the neighborhood as a whole, not just individual buildings. Therefore, what was opened this Wednesday was the urban fabric itself: the streets, sidewalks, parks, plazas, pedestrian paths, and all the shared infrastructure, ready for use from day one without having to contend with large construction areas. In total, more than 30,000 m² of parks and plazas were opened, along with a walking circuit that runs through the heart of the development and reflects the intention to create a continuous, comfortable, and pleasant urban experience. This opening of the public space was complemented by the first commercial components of Distrito Perseverancia. During the event, the first shops, restaurants, and the Casa Rica supermarket were inaugurated, marking the beginning of a phased activation that will continue over the coming weeks. Simultaneously, the first two residential towers were handed over, while the first corporate tower began receiving tenants who are responsible for carrying out the internal renovations of their offices, with the goal of its final inauguration before the end of the year. If anything defined the project's philosophy from its inception, it was the decision that Distrito Perseverancia would not be an oasis, a modern island isolated from the rest of the city. The objective was precisely the opposite: to build a neighborhood that would act as a catalyst for a new Asunción, recovering qualities that once defined the capital. Neighborhood life, walkability, the proximity of homes to services, the ability to walk to restaurants, cafes, and shops, and the experience of a green and human environment formed the conceptual core of the plan. The idea was not to invent a new city, but to return to Asunción attributes that were always valuable and that, over time, became increasingly difficult to find. The project also considered the environmental dimension. Asunción is historically characterized by its dense tree cover and green spaces, a feature the team deemed irreplaceable. For this reason, a fundamental part of the work involved transplanting existing trees, relocating them within the project, and supplementing this base with new species to increase vegetation cover compared to the site's previous condition. This balance between architecture and nature results in a neighborhood where shade, vegetation, selected materials, and street orientation work together to create a unique microclimate, reducing the perceived temperature and promoting air circulation. Microclimate engineering guided decisions such as the choice of paving materials with low heat absorption, the wind direction the project seeks to capture, and the shaded axes that run through the development. In Distrito Perseverancia, aesthetic expressions also play a structuring role in shaping how people live in the neighborhood. Art is integrated into the urban space not as decoration, but as a living reflection of the collective sentiment, building bridges that connect people with their surroundings and strengthen the identity of the place. Through Artivation, the project incorporates installations, exhibitions, shows, and collaborations with national and international artists, making the neighborhood a constantly evolving cultural hub. This artistic vocation is further developed with the Edith Jiménez Legacy, a concept that anchors the visual DNA of Distrito Perseverancia in the memory of the Paraguayan artist and Don Pedro Zuccolillo. The neighborhood's logo is inspired by Los Troncos (The Logs), the series created by Jiménez in the late 1960s using wood from the former La Perseverancia estate. These pieces, which have been featured in international biennials and exhibitions, including the 9th São Paulo Biennial, and are part of the permanent collection of the Museum of Modern Art in New York, lend texture, symbolism, and historical continuity to the project's identity. Today, one of these original pieces has been physically incorporated into the project and can be found in Distrito, integrating this artistic legacy into the neighborhood's everyday space. The magnitude of the work that has culminated in this event becomes clear when you consider the human scale behind the project. Over these six years of development, more than 4,380 construction workers, over 650 engineers and architects, administrative and sales teams, and more than 1,500 suppliers participated, representing 14 nationalities. For those who led the project, the secret lay in not treating it as a megaproject, but rather as a collection of smaller works, where every building, every corner, and every space was designed with the same attention and care. This level of detail is evident today in the textures, the lighting, the pathways, the arrangement of the trees, and the way in which the public space is experienced. Wednesday's event also served as the venue to announce a new phase of development: the launch of Cedros, the sixth tower in the master plan. The developers hadn't expected to reach this point so soon, but market confidence accelerated the timeline. Distrito Perseverancia already has over 220 residential clients, families who will begin moving in over the next few months. It's estimated that these initial occupancies will total around 600 people, and that the first residential phases will collectively house between 1,200 and 1,400 residents. The target audience is clear: families seeking spacious homes, quality materials, and an integrated environment with services and green spaces just steps from their homes. Cedros maintains this focus, with its own distinctive architecture that harmonizes with the neighborhood's character. Wednesday the 26th was not just the opening of a space, but the public unveiling of a project that took years to design, plan, and execute. Attendees explored paths, plazas, and hidden corners where art, lighting, and vegetation revealed the philosophy behind the neighborhood. Every facade, every tree, and every path was designed to be experienced, not simply traversed, and this intention began to materialize in the everyday actions of those who walked through the development for the first time. This entire process marks a new chapter for La Perseverancia, the historic company founded in 1936 by Pedro Zuccolillo, which has evolved over decades from the forestry industry and exports to a diversified portfolio encompassing production, marketing, logistics, and real estate development. Distrito Perseverancia embodies the vision of the third and fourth generations, who have revived the innovative spirit of their founder and projected it onto a contemporary urban scale, with a project that seeks to enhance the city experience and contribute significantly to the Asunción of the future. With the neighborhood officially inaugurated and open to the public, the coming weeks will be marked by new business openings, the progress of residential moves, and final preparations for the launch of the first office tower. Distrito Perseverancia thus begins its life as a neighborhood: a space created for walking, living, community, and rediscovering the idea of urban life in Asunción. For business inquiries and details on how to acquire your residential unit in the project, you can contact Amy Acosta , official agent at Distrito Perseverancia, at +595 984 110354.