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.
The $400 million real estate project “Trump Ocean Club”, is slated to be ready by early 2011.
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.
For having wrongfully terminated the management company of the building, Donald Trump is claiming $75 million from the condominium owners in Panama.
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.
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