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Tue Aug 13, 2019, 10:59 AM

Trump Jr. Kicks Off Sale of Luxury Condos in Indonesia

PT MNC Land, an Indonesian builder, began a sale of luxury condos and mansions in two projects being developed in Indonesia in partnership with the Trump Organization, marking the U.S. developer’s foray into Southeast Asia’s largest economy.

Donald Trump Jr., who attended a pre-launch event in Jakarta on Tuesday for condos and villas that will be built in West Java and Bali, said Indonesia was “an under-served market” and the projects are “a dream becoming a reality” for the Trump Organization. The projects will be completed in stages within three years, according to MNC Land.

Indonesian business tycoon Hary Tanoesoedibjo’s MNC Land is investing $1.7 billion to develop the two sites, including a Trump-branded six-star luxury hotel in Bali and a resort and condos in Lido in West Java. The partnerships signed in 2015 entitles Trump Organization to receive royalty from the Indonesian developer for the use of the Trump brand. The organization will also get a fee to manage the hotels and golf courses and commission from sales of the Trump-branded villas and condos.

The Trump International Hotel and Tower Bali will be the largest resort on the popular tourist island. Trump broke with the practice of previous presidents who either divested assets that could cause conflicts of interest or put those assets in blind trusts. Instead, Trump transferred his assets to a revocable trust administered by his elder son, Trump Jr.

https://www.bloomberg.com/news/articles/2019-08-13/trump-jr-kicks-off-sale-of-luxury-condos-in-indonesian-projects?srnd=politics-vp

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Reply Trump Jr. Kicks Off Sale of Luxury Condos in Indonesia (Original post)
left-of-center2012 Tuesday OP
SayItLoud Tuesday #1
smirkymonkey Tuesday #2
virgogal Tuesday #3
gratuitous Tuesday #4
marble falls Tuesday #5
world wide wally Tuesday #6

Response to left-of-center2012 (Original post)

Tue Aug 13, 2019, 11:08 AM

1. 87%+ of the Indonesian population is Muslim....

Good move #trumpracists! Let's hope they get some payback from that population.

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Response to left-of-center2012 (Original post)

Tue Aug 13, 2019, 11:12 AM

2. What is it with that family and their fucking "thumb's up"?

I really want to break it off and shove it you-know-where. God, I hate them all so much!

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Response to smirkymonkey (Reply #2)

Tue Aug 13, 2019, 11:38 AM

3. The Indonesian is doing it too.....must be a billionaire thing.😳

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Response to left-of-center2012 (Original post)

Tue Aug 13, 2019, 11:40 AM

4. Probably will be overpriced

And considering the effects of rising sea levels, these condos will be under water in more ways than one.

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Response to left-of-center2012 (Original post)

Tue Aug 13, 2019, 11:57 AM

5. This ought to go well.

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Response to left-of-center2012 (Original post)

Tue Aug 13, 2019, 11:58 AM

6. 6 star resort?

Must be 3 stars by two different raters

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