property
New 312-Unit Tower Tests Bogotá's Mid-Range Housing Market
A 28-storey project in Chapinero will add 312 units and test whether Bogotá's mid-range sales can keep pace with rising construction costs.
How we reported this
Construction crews broke ground last month on Torre Chapinero Norte at the corner of Calle 63 and Carrera 15, a 28-storey tower that will deliver 312 apartments ranging from 68 to 112 square metres.
The project arrives as Bogotá’s sales volume in the COP 600-900 million segment rose 11 percent in the first half of 2026 compared with the same period last year, according to Cámara de Comercio de Bogotá data released in late June. Developers say the timing reflects both renewed buyer interest after two years of high interest rates and the city’s updated zoning rules that now allow taller buildings along several Carrera 15 and Avenida Caracas corridors.
Chapinero and nearby corridors
The site sits two blocks from the Parque de los Hippies and one block from the Calle 63 TransMilenio station, placing future residents within a 12-minute ride of the financial district on Calle 26. The developer, a local firm working with the Secretaría de Planeación Distrital, secured approval under the city’s 2024-2028 land-use plan that raised height limits in parts of Chapinero and Teusaquillo. Neighbouring projects already under construction include a 22-storey residential block on Calle 57 and a mixed-use tower on Avenida Caracas near the Universidad Nacional station.
Prices and absorption timeline
Units are listed from COP 680 million for the smallest one-bedroom apartments, with the top-floor three-bedroom units priced at COP 1.15 billion. The developer projects that 60 percent of the inventory will be sold by December 2027, a pace that matches the 14-month average absorption rate recorded for similar mid-rise towers completed in the same neighbourhood between 2023 and 2025. Buyers who sign before October receive a COP 12 million credit toward finishes and parking, an incentive the sales team says has already drawn 48 reservations.
Prospective buyers should review the final floor plans at the on-site sales centre before the end of August, when the first price adjustment of 4 percent is scheduled. Those seeking financing can compare rates at the four banks currently offering pre-construction mortgages for the project, all of which require a 30 percent down payment and proof of stable income above COP 8 million monthly.
This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.