Trump discards U.S. real estate woes hinder his Dominican project

Santo Domingo.- The U.S. magnate Donald Trump discarded that his country’s real estate crisis will affect his residential, golf and tourism project under construction in Cap Cana, La Altagracia province (east), and in which he has invested together with the Abrisa Group, reported newspaper El Caribe.

“Outside the United States we are involved in diverse products and the markets are going very well. In the Dominican Republic the market looks well. In the case of Cap Cana with all the conditions it has, there is no another way but to also go well,” he said.

Trump, in a visit to the country last week, declined to say how much he spends to develop Trump At Cap Cana, a property which includes an apartahotel on Juanillo beach, two residential buildings, a golf course and plans for a second, a beach club, among other facilities.

El Caribe reports that Trump’s property within the Abrisa Group complex last year broke sales records when it negotiated US$350 million in just four hours.

In a press conference in Cap Cana to present the project’s advances, Trump said he’s confident the United States economic crisis will end in 6 to 12 months. “It’s always necessary to worry about what happens in the United States but what’s happening right now is that it’s going to begin to change rather soon, to improve. In about six to twelve months –it’s a prediction of mine- that improvement is going to begin.”