Following rumors earlier this month, the Trump Organization said yesterday that it has, at least for now, shelved plans for a controversial new development on the island.

Trump's spokesperson, Selma Langer, told This is Cozumel that they were "looking at a project in Cozumel, but the project is not being pursued at this particular time". She declined to give further details.

Work started on the construction of a new 'luxury marina complex' in Cozumel earlier this month.

The Mexican Secretary for Tourism, Rodolfo Elizondo Torres, and the head of the National Fund for Tourism Promotion, Miguel Gómez Mont, visited the island to lay the first stone.

The project, called Marina Cozumel, will have space for 330 boats, hotels, residential properties, shops, a pier, pathes, cycle ways and public spaces.

Our latest hot property, Las Ventanas de Cozumel, is a planned development of 64 three bedroom units in a "gated setting" downtown.

The 3 bedroom units are priced from $179,900 to $216,900.

Second-home sales accounted for one-third of US real estate transactions in 2007, which is close to historic norms.

This is one of the findings of a survey released last week by the National Association of Realtors (NAR).

Local realtor, RE/MAX Complete, promoted the island in Las Vegas last week.

James Watts, head of the local franchise, attended the organization's international convention to look for new markets.