Mid Tier Residential Gated Community Condado del Rey, Panama City, Panama. With Condado Point we will take our success story to a new level. Condado del Rey has been the fastest growing neighborhood for middle class apartments. Pacific Developers presents with this venture the first stage of mixed use development of more than 45 acres and 3,000 residential units. The project includes a concept retail component that combines all residents need blended into a living experience. Jogging tracks, bicycle paths, sports and leisure activities within a gated community highlight life at Condado Point.