Panama's Real Estate Boom

DONALD TRUMP can't be incorrect, can he? Trump has fallen so much in love with Panama that he is constructing a $220 Million, 65 story (2.4 Million square foot) hotel/condo monoliths called the Trump Ocean Club Global Hotel & Tower in a posh Panama City community. Trump will make 500 luxury condominium units along with a 312-area hotel. This complex will contain a casino, personal seashore club and a marina. Groundbreaking is scheduled about this Christmas with a completion date in 2009.

Why is Trump carrying out this in Panama of all areas? In an April 24, 2006 press conference in New York, Donald Trump explained his curiosity in Panama was sparked three many years ago when his "Miss Universe" pageant was held in Panama. He noticed that Panama city was "beautiful" and vowed he would create there if the right possibility came up. His task was "effortlessly funded", noting that as quite a few as 7 "major financial institutions have been fighting to put up funds." He agreed that "Americans are coming in droves to Panama," due to it is political stability, low cost of living, low interest costs, and getting found outside of any hurricane path. "It really is great for little one boomers." Trump said, while the venture will be marketed worldwide. The condominium units will begin at $180,000 with unobstructed ocean views.

Panama is just beginning to understand a actual estate boom!

Moreover Trump, many international genuine estate investors are also finding Panama.
For illustration:

Larger Than Trump: An even taller skyscraper will be constructed near Trump's Tower. The Ice Tower will have over one hundred floors generating it the tallest creating in all of Latin America, tied with the Empire State Building as the second-tallest in the Western hemisphere and 9th in the world when it is completed in 2010.(adsbygoogle = window.adsbygoogle || []).push({})