Panama City - Punta Pacifica most luxurious residential district in Panama. The project is situated along the Pacific shoreline.
Capital growth of up to 20% p.a.
Apartments from 245,000 Euro
In front of you occurs the unique opportunity to possess part of the genius of Donald Trump.
Without commission, no difference in prices world wide! Exclusive rights for Bulgaria – Celtic Property Management Ltd.
Donald Trump and Demarko Ltd. invite you to own a property in the most prestigious and perspective development ever presented by the Trump Organization.
With the current strength of the € Euro and the £ pound against the $ dollar, this is an investment that is not to be missed. With 20% p.a. capital growth, a €250,000 condo will be worth an estimated €428,544 by year of completion 2011.
Prices From: €248,000
Capital Growth: 20% p.a.
Completion date: end of 2010 – beginning of 2011
The Development
Trump Ocean Club International Hotel and Tower will become a Latin America landmark and is positioned to becomethenumber one investment and business alternative for local and foreign investors. Located in the area of Punto Pacifica in Panama City this great tourist, residential and hotel complex of more than 232,000 sq.m will give you the opportunity to live, work and play all under the same roof.
The project is to be built on an artificial peninsula offering a spectacular view of the Panama Bay, with a total land area of 14,000 sq.m. The building will be 275m tall and hold over 1,455 parking spaces. It is within fast and easy access of all the most important destinations in Panama. It is only ten minutes away from the International Banking Centre, three minutes away from the city’s most exclusive shopping centres, two minutes away from the new Punta Pacifica Hospital and 15 minutes away from the Internal Tocumen Airport.
The project is primarily residential, but will also feature a luxury hotel. Hotel Condominium units will be available in sizes ranging from 49 sqm to 1300 sq.m. and will include air conditioning, terraces and spectacular views of the Ocean. The hotel services will include a barber shop, beauty salon, drug store, flower shop, jewellery shop, travel agency and much more.
Investing in Panama
Panama is fast becoming one of the Worlds top ranked real estate investment destinations, due to its low cost of living, superb climate and incredible tax incentives it offers. It is politically and economically stable and the famous canal is being extended and that alone will bring an additional 40,000 jobs to Panama City and generate massive revenue for the country.
Both the residential property market and the holiday market are booming, with capital appreciation of 20% upwards per annum. Hotel rooms are virtually fully booked constantly in Panama that is why the hotel investment is hugely profitable in terms of revenue and capital appreciation.
Reasons to Invest:
• 70% mortgages available
• Rentals managed by the Trump management
• Capital appreciation at 20%+ per annum
• Expected annual incomes from rent to be up to 10-15%
Opportunity to resail the apartment with over 40% incomes.
The investment is guarantee by escrow account and bank warranty
Other Costs
A Club Membership must be purchased with each condo-hotel and condominium unit. The one time membership fee ranges from € 6500 to €11 800 depending on unit type purchased. The Club membership allows access to many services such as out beach club, spa, VIP status in the Trump Casino, discounts in the gourmet restaurants and boutiques.
You will hold full title to your property with a publicly recorded deed of sale.
A resale program will also go into effect when 85% of the building has been sold. This will allow you to offer your unit for sale before closing.
Why invest in Panama?
Panama is fast becoming one of the World’s top ranked property investment destinations, due to its low cost of living, superb climate and incredible tax incentives.
Considered the next South Beach – Miami, the beauty of Panama City is that it hasn't become Miami yet. It's much more welcoming and manageable. And now is the time to invest -- before the Panama Canal gets enlarged, before Donald Trump finishes his 65-story tower and before the prices climb as high as Miami.
Economics
US dollar-based economy with low inflation and zero foreign exchange risk
Various tax exemptions make Panama a very attractive place to live. Residents do not pay tax on income earned in a foreign country. One of the main incentives to buy property in Panama is the 20-year property tax exemption law. Individuals who are not real estate dealers will pay a flat 10% Capital Gains tax rate.
Property Market
Both the residential property market and the holiday market are booming, with capital growth of up to 20% a year. Hotel rooms are virtually full booked constantly in Panama that is why the condohotel investment is hugely profitable in terms of revenue and capital appreciation.
Because more visitors and tourists are arriving in Panama coupled with the fact that more people are making Panama their first choice to live and setup home, this has all led to a shortfall in the housing market. So demand for accommodation is outstripping supply.
The creation of an urban centre similar in size to central London - based on the outskirts of Panama City is the latest sign of an economic boom that has drawn comparisons between Panama and bigger international business centres, such as Dubai.
Extension of the Canal
The plans for enlarging the Panama Canal have started- Panama’s Colon Free Trade Zone (CFZ) is the largest in the Western Hemisphere and contributes substantially to the country’s economy. The second trade free zone has now been approved and is now under construction near the
Panama City limits. These measures have stimulated the economy still further.
Frequently Asked Questions…
Political conditions and Economy stability.
Panama is the most stable country in Latin America, both financially and politically speaking. Given that the US has been there for over 100 years with the Panama Canal it is quite Americanized, using the US dollar and speaking English. Panama's GDP grew by 6% last year and is projected
to grow by another 11% this year.
The Panama Canal generates over $500 million dollars a year in tolls for a country whose population is around 3 Million. On Oct 22nd a national referendum was passed for a $5.3 Billion dollar expansion of the canal to provide enough room to allow the oversized Supertankers to start
passing through the Canal. This expansion will triple revenues during its first year as well as provide 40,000 additional jobs to the economy.
Because of the importance of the Panama Canal to world trade, Panama is especially stable given that almost every country in the world has a vested interest in ensuring its stability. In other word, the US would never allow for any political upheaval.
Real Estate growth, developments, and projects in Panama.
Advantages of having a unit in Panama
Unprecedented appreciation rates in vacation and retirement home markets in the US have led many Americans to look abroad for more affordable alternatives. Prices in the traditional south-ofthe-border retreats like Mexico, Costa Rica and the Caribbean have escalated to the point where they rival those along America's own beachfronts. According to the National Association of Realtors, second home purchases in the US accounted for more than one third of annual sales in 2005. And the trend is expected to continue as the first wave of 79 million US boomers is turning
60 this year.
Americans are looking for the Next Great Destination… it is quite clear why Panama is quickly becoming the indisputable answer:
Real estate prices are still affordable but are appreciating quickly. In an effort to continue attracting Americans, the government is offering 10 to 12 year tax exemptions on new construction projects. Panama City is a booming metropolis with world class projects like our Trump Ocean
Club and Tower, mountainous landscapes, and beautiful Caribbean coastlines - the stuff of travelmagazine cover photos. Direct flights are available from Los Angeles, New York City, Houston, Dallas, Miami, and more to come with direct flights even in the works from the UK and Spain…
PRICE RANGES
Apartments type Square surface Price
Condo Hotel Studio 47 - 51 sq.m.
Condo Hotel Suite 50 - 92 sq.m.
Condo 1 bedroom 96 - 144 sq.m.
Condo 2 bedroom 137 - 181 sq.m.
Condo 3 bedroom 183 - 397 sq.m.
Bay Loft Studio 60 - 67 sq.m.
Bay Loft 1 bedroom Suite 104 - 114 sq.m.
Bay Loft 2 bedroom Suite 130 - 156 sq.m.
Penthouse 1305 sq.m. €4 381 000
Please contact us for a detailed price list.
A resale program will also go into effect when 85% of the building has been sold. This will allow you to offer your unit for sale before closing.
Most profitable will be the hotel’s apartments, which will receive incomes from each payment for the night's lodging. Condo apartments also could be rental, but long-term - 9-12 months. At the moment the payment for one night at 4-5 stars hotel is about $200-300
What is the deposit schedule?
30% with sales agreement
70% after transfer of the property
Balance due at closing along with one time Trump Beach Club membership fee ranging from €6500 - €11 800 , depending on unit type purchased.
Title, Ownership, and Sale
You will hold full title to your property with a publicly recorded deed of sale. It is just like a fee simple real estate purchase in the U.S. A resale program will also go into effect when 85% of the building has been sold. This will allow you to offer your unit for sale before closing if you so choose.
Mode of financing
The $US dollar is the local currency thus allowing Panama to be the only country in Latin America that offers a 30 year mortgage with rates in the 6-7% range.
Mortgage facilities for bulgarian and foreigner
Financing options include HSBC, Citibank, Scotiabank, as well as an array of other financial institutions that will be lining up to do business with Trump owners. Panama is the financial hub of Latin America and foreigners close on property everyday in Panama with great ease.
Who will maintain our property?
The Trump Hotel Group will be managing the hotel and casino. There will be an onsite management company that condo owners will have the freedom to utilize when renting out and managing their particular condo(s) or they may use an outside company of their choice.
What are the rental options for the condo hotel?
The condo hotel units will automatically go into the hotel program and be rented out on a nightly basis. The Trump property will be the most luxurious in Latin America and thus will be able to charge the highest rates
Invest in Trump Ocean Club and the only gambling you will be doing is in the casino!
Without commission, no difference in prices world wide!
