# $300 Million Faux Islands Ocean Reef Islands Project Will Transform Panama City Beach Front By Amanda Chang | Published 2010-10-28 | Luxury Source: Trend Hunter, https://www.trendhunter.com/trends/ocean-reef-islands References: [bornrich.org](http://www.bornrich.org/entry/300-million-ocean-reef-islands-project-redefines-beachfront-living/) & [oceanreefislands](http://www.oceanreefislands.com/) Known for their amazing [beachfront properties](https://www.trendhunter.com/trends/hotel-rio-de-janeiro), Panama will now undergo a major transformation, thanks to the city's president, Ricardo Martinelli. He has decided to spend $300 million on the 'Ocean Reef Islands' project. Headed by Ingenieros Civiles Asociados and Grupo Los Pueblos, the exotic 'Ocean Reef Islands' will consist of two [artificially made islands](https://www.trendhunter.com/trends/sindalah) with approximately 200,000 square meters of space for beautiful [luxury home development](https://www.trendhunter.com/trends/armani-beach-residences-1). These islands will also be connected by a 160 meter bridge. ## Trend Insights (Trend Hunter) - Score: 1.6/10 - Popularity: 32% | Activity: 9% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Millennial, Gen X - Top markets: South America ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Luxury](https://www.trendhunter.com/luxury) > [Ultra Luxury](https://www.trendhunter.com/ultraluxury) ## Key Themes ### What Makes This Trend Stand Out - **Artificial Island Development:** Opportunity for real estate and construction industries to innovate with eco-friendly methods for creating self-sustaining artificial islands. - **Luxury Home Market Expansion:** Challenge for the luxury home industry to create unique and high-end designs that incorporate sustainability and technology. - **Tourism and Hospitality Growth:** Innovative hospitality and tourism opportunities for companies to create custom experiences centered around the unique environment of Ocean Reef Islands. ### Sectors Adopting This - **Real Estate:** Opportunity for real estate developers to cater to eco-conscious and high-end buyers looking for unique properties. - **Construction:** Innovative construction methods and eco-friendly designs are needed to support the development of self-sustaining artificial islands like Ocean Reef. - **Hospitality and Tourism:** Luxury and custom hospitality experiences can be developed by companies looking to attract high-end clientele to the unique environment of Ocean Reef Islands. ## Related on Trend Hunter - [Fiji Ocean-Front Estate Homes](https://www.trendhunter.com/trends/reef-house.md) - [Revamped Bahama Resorts](https://www.trendhunter.com/trends/atlantis-paradise-island.md) - [Luxurious Miami Residential Towers](https://www.trendhunter.com/trends/five-park-miami-beach.md) - [Luxurious Contemporary Homes](https://www.trendhunter.com/trends/tropical-living.md) - [Branded Island Getaways](https://www.trendhunter.com/trends/corona-island-2025.md) - [Eco-Friendly Island Paradises](https://www.trendhunter.com/trends/corona-island-1.md) - [Elevated Coastal Living](https://www.trendhunter.com/trends/armani-beach-residences-1.md) - [Celeb-Backed Bahamas Resorts](https://www.trendhunter.com/trends/somewhere-else-resort.md) - [Stone-Textured Island Resorts](https://www.trendhunter.com/trends/patina-maldives.md)