Trump penthouses will top $20 million

Each of the three penthouses atop the Trump International Hotel and Tower in downtown Vancouver will be priced from...
Ivanka Trump and Donald Trump Jr. on the penthouse level of the Trump International Hotel and Tower 

Each of the three penthouses atop the Trump International Hotel and Tower in downtown Vancouver will be priced from $20 million, estimates Donald Trump Jr., son of New York-based developer Donald Trump.

The younger Trump, who is working with Holborn Holdings and Malaysia-based TA Global Berhad on development of the $360 million, 63-storey hotel and condominium tower, and his sister Ivanka were in Vancouver this week to begin marketing of the “reverse view” selection of Trump tower condominiums.

“Every penthouse will have an ocean view,” said Ivanka Trump, who will open Canada’s first Trump Spa by Ivanka in the hotel when it completes in 2016.

The three-level penthouses come with private glass elevators and climate-controlled wine cellars and range up to 4,700 square feet in size.

Donald Trump Jr. said 65% of the 217 condominiums have already been sold in what will be Vancouver’s second-tallest building. “Most of the buyers are local, right from Vancouver,” he said.

Prices start at $699,000 for approximately 600 square feet, but the majority of the Trump tower condos are listed at close to $1 million.

Joo Kim Tiah, CEO of Holborn Holdings, admitted he was surprised that so many of the Trump condos had sold to local buyers.

“That is not what we had forecast,” he said. The tower is being marketed in Asia, he said, and he suspects the expensive view phase will attract more offshore buyers.


comments powered by Disqus

More from Real Estate

British Columbians increasingly think they will leave province

Insights West poll shows 78% think they will stay in B.C. forever; down from 84% in 2014

Read Article

Repercussions from B.C.'s new 15% real estate tax feared

Industry derides unfairness of finance ministry being unwilling to grandfather already-signed deals

Read Article

Editorial: Housing affordability strangulation by regulation

Read Article

Rezoning is increasing land speculation, reducing affordability

Read Article

Industry critical of new B.C. tax on foreigners buying homes

The new 15% tax kicks in on August 2 for those not citizens or permanent residents

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
×