Donald Trump is preparing to develop a 62 story hotel and apartment tower in the Punta Pacifica district of Panama City, Panama. Trump Ocean Club International will offer 300 hotel rooms, 500 luxury apartments, a casino, a full service spa, a yacht club, and a private beach on Isla Contadora. Panama property investment is getting pretty wild.
The project is expected to cost around $200 million and with construction slated for the end of the year should be completed by 2011. Units are going for $250,000 to $450,000 for one to three bedroom condominium units and furnished hotel condominium properties will cost around $300,000. This is the first time that the Trump Organization has invested in Central America.
But why is Trump Investing in Panama? Trump said his interest in Panama property investment began a couple years ago when he was in Panama City for the Miss Universe Pageant. It’s no surprise anymore that Americans are flocking to Panama. Low interest rates, political stability, a low cost of living, and the country’s location beyond typical hurricane paths all make Panama a great place to live. Baby boomers in particular are finding Panama an attractive destination.
For more information regarding investment opportunities in Panama contact one of our Panama investment professionals today.
But why is Trump Investing in Panama? Trump said his interest in Panama property investment began a couple years ago when he was in Panama City for the Miss Universe Pageant. It’s no surprise anymore that Americans are flocking to Panama. Low interest rates, political stability, a low cost of living, and the country’s location beyond typical hurricane paths all make Panama a great place to live. Baby boomers in particular are finding Panama an attractive destination.
For more information regarding investment opportunities in Panama contact one of our Panama investment professionals today.
No hay comentarios:
Publicar un comentario