{"id":498961,"date":"2026-02-23T14:11:09","date_gmt":"2026-02-23T14:11:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/498961\/"},"modified":"2026-02-23T14:11:09","modified_gmt":"2026-02-23T14:11:09","slug":"developer-proposes-1bn-trump-tower-on-australias-gold-coast","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/498961\/","title":{"rendered":"Developer Proposes $1bn Trump Tower on Australia&#8217;s Gold Coast"},"content":{"rendered":"<p>\u00a0<\/p>\n<p>The Trump Organization, now run by the US President\u2019s sons, has signed a deal to build its first high-rise hotel in Australia.<\/p>\n<p>The Altus Property Group, a local developer, said the A$1.5 billion (<a href=\"https:\/\/www.youtube.com\/watch?v=takENfyY958\" rel=\"nofollow noopener\" target=\"_blank\">$1.06 billion) project<\/a> would create the country\u2019s tallest building, if it gets the go-ahead from the local council.<\/p>\n<p>The 91-storey skyscraper has been proposed right <a href=\"https:\/\/www.facebook.com\/9NewsGoldCoast\/videos\/experts-have-weighed-in-after-the-shock-announcement-that-a-trump-tower-could-be\/1263029615883804\/\" rel=\"nofollow noopener\" target=\"_blank\">on the beachfront at Surfers Paradise<\/a> on the Gold Coast, a popular seaside destination about 78km south of Brisbane in Queensland state.<\/p>\n<p>\u00a0<\/p>\n<p>ALSO SEE: <a href=\"https:\/\/www.asiafinancial.com\/tariff-ruling-leaves-huge-cloud-of-doubt-over-us-trade-deals\" rel=\"nofollow noopener\" target=\"_blank\">Tariff Ruling Leaves Huge Cloud of Doubt Over US Trade Deals<\/a><\/p>\n<p>\u00a0<\/p>\n<p>The Trump Organization currently has eight to 10 hotels and resorts, mostly in the US, but its website says another dozen or so have been proposed recently.<\/p>\n<p>That includes a <a href=\"https:\/\/www.theguardian.com\/world\/2025\/aug\/11\/farmers-displaced-trump-golf-course\" rel=\"nofollow noopener\" target=\"_blank\">golf course near Hanoi in northern Vietnam<\/a>, which has received some negative publicity, as local farmers would allegedly be kicked off their land if it proceeds.<\/p>\n<p>The design of the Australian hotel is said to be similar to the 47-storey <a href=\"https:\/\/www.trump.com\/hotels\/trump-tower-jeddah\" rel=\"nofollow noopener\" target=\"_blank\">Trump Tower in Jeddah<\/a>, Saudi Arabia, although much taller.<\/p>\n<p>Altus said it will include a \u201csix-star resort-hotel\u201d, 270 apartments, shops, a beach club and a swimming pool, Altus Property Group said in a statement.<\/p>\n<p>\u201cAustralia\u2019s tallest building will be a Trump Tower, right in the middle of Surfers Paradise \u2013 it\u2019s great for Queensland tourism, and fantastic for Australia,\u201d the company said.<\/p>\n<p>\u201cIt won\u2019t have a Four Seasons or Ritz Carlton brand above the front door, but it will say \u2018Trump\u2019. And that means it is a no-expense-spared, highest-possible-quality building \u2013 the best in the world.\u201d<\/p>\n<p>The Trump Hotels website said the project marked the first time the brand was being used for a hotel in Australia.<\/p>\n<p>\u201cSet to become Australia\u2019s tallest tower, this landmark address redefines beachfront sophistication with world-class amenities, iconic design, and uninterrupted Gold Coast views,\u201d it said.<\/p>\n<p>Altus CEO David Young said he had been pursuing the development for nearly 20 years, cold-calling Ivanka Trump in 2007 to pitch a Trump resort as \u201cAustralia\u2019s finest tourism property\u201d.<\/p>\n<p>Young said the final agreement was signed with the Trump Organization at the Mar-a-Lago resort on February 14. The company was now \u201cdeeply into a process of design, engineering, construction and fit-out\u201d.<\/p>\n<p>He said the building would be Australian-owned and Australian-built in line with the Trump company\u2019s design requirements.<\/p>\n<p>Prices for the tower\u2019s apartments were likely to start at A$5 million, he said.<\/p>\n<p>\u00a0<\/p>\n<p>Trump not popular: Australian poll<\/p>\n<p>However, whether the developers can find 270 buyers for apartments at that price, could be a challenge, given Trump is currently not very popular in the land they call Down Under.<\/p>\n<p>A report in the reputable <a href=\"https:\/\/www.smh.com.au\/politics\/federal\/more-unpopular-than-xi-trump-is-dragging-down-america-s-reputation-in-australia-20260219-p5o3n4.html\" rel=\"nofollow noopener\" target=\"_blank\">Sydney Morning Herald<\/a> two days ago noted that a recent survey \u201cfound that Trump has a net favorability rating of minus 41, his worst result since he returned to the White House in January last year.\u201d<\/p>\n<p>And that is far worse than the rating given for Chinese President Xi Jinping.<\/p>\n<p>\u201cXi has a favorability rating of minus 26,\u201d the SMH report said, although not quite as bad as the rating for Russian President Vladimir Putin, who was described as \u201cAustralians\u2019 least favourite world leader.\u201d<\/p>\n<p>Some 17% of Australians said they regard the US as its biggest threat, despite the nations sharing a longstanding security alliance, second only to China, which nearly a third rated as the country\u2019s biggest threat.<\/p>\n<p>Meanwhile, a national <a href=\"https:\/\/www.queenslandconservation.org.au\/new_climate_report_alarm_queenslands_future#:~:text=North%20Queensland%20communities%20will%20be%20exposed%20to%20multiple%20climate%20hazards,up%20insurance%20costs%20for%20communities.\" rel=\"nofollow noopener\" target=\"_blank\">climate risk assessment<\/a> last September noted that Queensland will face greater exposure to increasingly powerful cyclones, particularly in the north, and that communities all along the coast face growing risks of rising sea levels.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>ALSO SEE:<br \/>\n<a href=\"https:\/\/www.asiafinancial.com\/indonesia-signs-33-billion-trade-accord-with-washington\" rel=\"nofollow noopener\" target=\"_blank\">Indonesia Signs $33-Billion Trade Accord With Washington<\/a><br \/>\n<a href=\"https:\/\/www.asiafinancial.com\/japan-agrees-to-first-36-billion-tranche-of-investments-in-us\" rel=\"nofollow noopener\" target=\"_blank\">Japan Agrees to First $36-Billion Tranche of Investments in US<\/a><br \/>\n<a href=\"https:\/\/www.asiafinancial.com\/ai-regulation-urgently-needed-altman-admits-at-india-summit\" rel=\"nofollow noopener\" target=\"_blank\">AI Regulation \u2018Urgently\u2019 Needed, Altman Admits at India Summit<\/a><br \/>\n<a href=\"https:\/\/www.asiafinancial.com\/potential-peak-in-china-carbon-emissions-sparks-hope-and-worry\" rel=\"nofollow noopener\" target=\"_blank\">Potential Peak in China Carbon Emissions Sparks Hope and Worry<\/a><br \/>\n<a href=\"https:\/\/www.asiafinancial.com\/focus-on-economic-growth-is-killing-nature-150-states-warn\" rel=\"nofollow noopener\" target=\"_blank\">Focus on Economic Growth is Killing Nature, UN Agency Warns<\/a><br \/>\n<a href=\"https:\/\/www.asiafinancial.com\/india-stocks-rupee-soar-on-us-trade-deal-despite-few-details\" rel=\"nofollow noopener\" target=\"_blank\">India Stocks, Rupee Soar on US Trade Deal Despite Few Details<\/a><br \/>\n<a href=\"https:\/\/www.asiafinancial.com\/china-urges-europe-to-reassess-its-dependence-on-the-us\" rel=\"nofollow noopener\" target=\"_blank\">Trump Hails \u2018Long-Term Deal\u2019 on Greenland, But EU Pact in Limbo<\/a><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\t\t\t\t<img decoding=\"async\" width=\"96\" height=\"96\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/08\/JP-Feb2020--96x96.jpg\" class=\"avatar avatar-96 photo imgauthor\" alt=\"\" loading=\"lazy\"  \/>\t\t\t\t<\/p>\n<p>\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.asiafinancial.com\/author\/jim\" rel=\"nofollow noopener\" target=\"_blank\">Jim Pollard <\/a><\/p>\n<p style=\"font-size: 14px;\"> Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years. <\/p>\n","protected":false},"excerpt":{"rendered":"\u00a0 The Trump Organization, now run by the US President\u2019s sons, has signed a deal to build its&hellip;\n","protected":false},"author":2,"featured_media":498962,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[64,63,44],"class_list":["post-498961","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-au","tag-australia","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/498961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=498961"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/498961\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/498962"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=498961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=498961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=498961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}