None of the members of the powerful Real Estate Developers Association's executive committee - the core of Arculli's constituency which includes representatives from powerful developers such as Cheung Kong, New World and Henderson - supported the motion.

CNN: NEWSMAKERS

"Right now, according to the government numbers, we've got 175 projects under construction, 120 more projects that have already been approved by the government, " says Ivan Carlucci, president of the Panamanian Real Estate and Developers Association.

NPR: Panama's Exploding Economy Attracts Investors