Like many projects that carry the Trump name, Newland is simply licensing The Donald’s brand. Widely believed to be the most expensive of the many new towers sprouting in Panama City, the Trump Ocean Club’s progress has been closely watched, amid concern the Panama City market is over heated.

Last year the Fitch Ratings service downgraded the project, due to “the significant deterioration in global real estate markets and an increase in liquidity risks associated with the timely payment of principal and interest on the notes.” Some analysts feared that some buyers would simply walk away from their deposits, but Newland reported only eight defaults. (Buyers are required to pay 30 percent during construction and 70 percent upon completion.)

The tower remains on schedule to open in August 2010, the developers say.

But the listing really pushes the SmartHome features, which include “customizable color touch screens with wall, remote and desktop controls” in each room, plus invisible speakers, iPod docking stations and a programmable lighting system. And there’s also “his and hers baths with Kohler steam showers with a six-head jet system thermostatically controlled by Kohler’s DTV panels both inside and outside of the shower.”