35% of the Trump Ocean Club Already Built
Its promoters claim that the decline in the pace of sales is not too much and that they have already sold 80% of the 1,010-unit project.
Thursday, April 2, 2009
Its opening is planned for August 2010. To date, some 90 thousand square meters have been constructed, 35% of the 265 thousand in total.
For having wrongfully terminated the management company of the building, Donald Trump is claiming $75 million from the condominium owners in Panama.
The $400 million real estate project “Trump Ocean Club”, is slated to be ready by early 2011.
The Fitch assessment provides a glimpse into the way the financial community is reevaluating even well performing developments in the wake of the credit crunch.
Almost 80 percent of Trump Ocean Club in Panama has already been sold – two years before the development is due for completion – announced Donald Trump Jr., vice-president of the Trump Organization.
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