First Element is a residential real estate development located in the most profitable area of Asunción, specifically designed as a high-yield model for investors looking to live off rental income by optimizing spaces and minimizing fixed costs. Strategic Location: Start of Work: July 2026. Estimated Delivery: July 2029. Value Proposition, Profitability, and Financing. Professional Support and Track Record. First Element is a premier residential real estate development located in the heart of Villa Morra, Asunción, just half a block from Mariscal López Avenue.