The old town or old town is the name given to the place where the city of panama was moved in 1673. this city; traced reticular to the four cardinal points; it was characterized by the axiality of its streets and popes; which earned him being considered a classic model of indian city.? it is located on a small peninsula; surrounded by a blanket of rocky reefs; within the current corregimiento of san felipe. in 1997; the old town of panama is included in the list of unesco world heritage sites