What is The Trump Ocean Club:
Located in the Punta Pacific peninsula, it is a mixed-use resort that
allows you the opportunity to live, work, and play all under one roof.
This great tourist, residential and hotel complex of more than 2.6
million sq. ft, (252,000m2) will be built in the strategic and most
exclusive area of Punta Pacifica, in Panama City where it is
destined to become a world class landmark.
The 68 story building includes:
• Condo Residences
• Hotel Condominium
• Wellness Spa
• Pool Deck consisting of 6 pools, one being an infinity pool
Trump Ocean Club
• Boutiques & Shoppes
• Gourmet Dining
• Beach Club
• Yacht Club & Pier
• Business Center
• Trump International Casino
• Trump Ocean Club Privileges.
-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 of the 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 5-10 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 travel-magazine 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.
• How to own property in Panama? Is it fully titled?
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. Clients can apply for mortgages with
HSBC, Citibank, Scotiabank, or thru any international or local bank
with presence in Panama.
• Can I buy using a Panama corporation?
Yes, buyers can use a Panamanian corporation or a Private Interest
Foundation provided by the Trump Organization.
The advantages of using a Panamanian corporation or Private
Interest Foundation (PIF) are:
-Privacy in your investment
-Tax planning
-Corporations and Private Interest Foundations guarantee your
asset protection in case of lawsuits or other types of legal claims
against the owner of the property.
-Property under PIF are unable to be seized or be frozen by local or
international court orders.
-It can be used as a living will for your assets to be directed toward
the beneficiaries stated on the PIF articled of incorporation.
Is there a Property Tax Exemption on this property?
Yes.
All units will be granted a 20 year Property Tax Exemption.
• Can I rent my condo residence? Will there be onsite help for
this?
Condos will be available for mid to long term rental through the
onsite Trump Ocean Club rental office.
• How will the Hotel Suites be rented?
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.
