Trump, whose developments include Trump Park Avenue condominiums in New York, said people are "flocking" to New York to buy apartments. A stronger dollar or higher interest rates would damp demand for housing, he said. The dollar fell to a record $1.3372 low against the euro yesterday.

"Every building I'm building in New York is sold out or rented immediately," he said.

The average price of a Manhattan apartment rose to $1.07 million in the third quarter from $1.05 in the prior three months when it surpassed $1 million for the first time, according to Miller Samuel Inc., a New York residential appraiser.

Trump's Trump Hotels & Casino Resorts Inc. filed for bankruptcy protection last month after increased competition and a series of unprofitable years left the company struggling to pay interest on $1.8 billion in debt. The company owns four casinos, including the Taj Mahal in Atlantic City.

Trump said an agreement with bondholders to reduce debt by $400 million has "tremendous" investor support, and that the company will benefit from having lower debt.