QUOTE(icez @ Aug 12 2010, 03:53 PM)
It seems like Mah Sing via it's subsidaries are kick start many projects in 2010, 2011. I fear for projects like this that's built (planned) on commercial land. If the company would end up in any trouble, buyers wouldn't be well protected as they would with a residential title.
MS current market capitalization is about 1.5B and they have recently announced that they aim to increase the market capitalization to 5B within 5 years.
They would need to launch a fair bit of property to the market couple with other income that they might have.
Cashflow, phases development and marketing would need to be planned properly.
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Addition to that, any GOOD forum that have addressed the issue of
Residential development in "BUILDING LAND, Commercial Title"? or is this equivalent to
Service Apartment in "BUILDING LAND, Commercial title"?
I have read that service apartment developed under "BUILDING LAND,commercial title" is not protected under the housing act.
There are also people that says, there has already amendment in the law that has addressed this issue.
What is the fact?