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 EMPIRE CITY @ Damansara Perdana/Mutiara Damansara, Mixed Development Project in Damasara KL

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pacifiz
post Mar 30 2016, 03:28 PM

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QUOTE(Clement1001 @ Mar 29 2016, 11:08 PM)
Worst come to worst they can sell of the development plan along with the land and cover the Remix.
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What is the holding cost of EC2 land?

Its like margin trading, wont be surprised the sale proceeds of EC1 and Remix would have gone to pay for the EC2 land and other land, therefore causing cash flow issue, in the booming market this is not an issue as psf is ever increasing but in a stagnant or failing market, unless sales price psf of new project could be much higher than EC1 and remix combined, otherwise its difficult to pull off both project.

Remix is in a more difficult position, as EC1 could determined success of EC2, which in turn carries more weight.


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