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.
The 70-story development is now under construction at Punta Pacífica. "Panama is a much more mature market than I had thought," Trump Jr. said. And he added an interesting detail: When the development first went on sale, 80 percent of the purchasers were from the United States; now 80 percent of them come from elsewhere.
Works projects are about 15 percent completed on the tourist development of Bahía de Tela, on the Caribbean coast of Honduras.
So far the project managers have spent about five million dollars (98 million lempiras) on the mixed public-private project. Total cost is estimated to be 133 million dollars.
Bahía de Tela will have two five-star hotels each with 150 rooms, with an option of 40 condominiums, 250 residential villas, and an 18-hole golf course.
Costa Rica-based real-estate developer the Zeta Group has completed construction of its US$100 million Jacó Bay Ramada condominium project on Costa Rica's Pacific Coast.
The project consists of 266 condominiums, a hotel and a shopping area. Zeta has already sold 100 of the condominiums and the new owners will be able to begin to move in from next month. Work on Jacó Bay Ramada began in June of last year on a 3.5-hectare site.