Prestigious investment opportunity with excellent rental yield in Panama City
Prices start from $375,000 (£193,299) for a studio hotel/condo room
The Development
Trump Ocean Club International Hotel and Tower will become a Latin America landmark and is positioned to become the number 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 sqm 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 sqm. 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 citys 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 153 sqm 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.
Other amenities include:
>Residences
>Hotel condominum
>Exclusive office lofts
>Oversized pool deck and
>Social area
>Shops
>Gourmet dining
>Beach club
>Yacht club and pier
>Business centre
>International casino
Payment plan
10% on signing contract
10% on ground breaking (May 2007)
10% November 2007
70% on completion
Other Costs
You will hold full title to your property with a publicly recorded deed of sale. Closing costs are estimated to be less than $2000 (£1,031). 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.
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
* Terms and conditions apply