| Donald Trump is preparing to develop a 62 story hotel | | | | particular are finding Panama an attractive destination. |
| and apartment tower in the Punta Pacifica district of | | | | Panama offers a good combination of air service from |
| Panama City, Panama. Trump Ocean Club International | | | | major cities, proximity to key source markets and |
| will offer 300 hotel rooms, 500 luxury apartments, a | | | | coastal sites. These things should pique any |
| casino, a full service spa, a yacht club, and a private | | | | developer's interest. But there are four things Trump |
| beach on Isla Contadora. Panama property investment | | | | specifically looks for when he puts up a building. They |
| is getting pretty wild. | | | | are great views, prestige, convenience, and growth |
| The project is expected to cost around $200 million | | | | potential. |
| and with construction slated for the end of the year | | | | First, Punta Pacifica juts out into the ocean and |
| should be completed by 2009. Units are going for | | | | therefore has some of the best views in Panama City |
| $250,000 to $450,000 for one to three bedroom | | | | and second, because of this it has a lot prestige. Third, |
| condominium units and furnished hotel condominium | | | | its closeness to high-end malls, banks, and grocery |
| properties will cost around $250,000. This is the first | | | | stores make Punta Pacifica very convenient. And last, |
| time that the Trump Organization has invested in | | | | any real estate acquisition by Trump must have |
| Central America. | | | | growth potential or else he won't be interested. |
| But why is Trump Investing in Panama? Trump said his | | | | The important questions to be answered are: Will this |
| interest in Panama property investment began 3 years | | | | investment keep up with the changing times? Will rents |
| ago when he was in Panama City for the Miss | | | | keep up with inflation? And is this area stable, getting |
| Universe Pageant. It's no surprise anymore that | | | | better or deteriorating? Apparently Panama has |
| Americans are flocking to Panama. Low interest rates, | | | | answered all of these questions satisfactorily. Because |
| political stability, a low cost of living, and the country's | | | | of this, Trump believes in Panama's growth. This should |
| location beyond typical hurricane paths all make | | | | only further encourage potential investors to take a |
| Panama a great place to live. Baby boomers in | | | | closer look at Panama property investment. |