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 BSP Skypark, First high-rise in BSP, RM400k

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cckkpr
post Jan 17 2013, 10:10 AM

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Maybe the popular D'Island residence has helped it to redeem part of its image.

They are doing a lot of PR work now. Not sure how far it will help.
cckkpr
post Jan 17 2013, 11:07 AM

Look at all my stars!!
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QUOTE(Bali ais @ Jan 17 2013, 10:29 AM)
Mind sharing more details? LBS had some failed projects?
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Not really failed projects, I think.

Basically, during the earlier years, they were focusing on mass low costs projects when most well known developers move to high rise. When the crisis hit, there were caught and have been trying for several years to get out of the financial mess they found themselves in. They have resorted to selling land to ease their cash flow problems. Until two three years ago, they were back onto their feet and have been focusing on medium range projects and that's when they also started to pay dividends once again. Not bad for a Chinaman company who also believes in paying dividend to its shareholders.

They have plenty of landbank and it will last them for many years to come.

 

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