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Developers and their reputation, Share your thoughts on them
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Cavatzu
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 Jun 14 2022, 01:46 PM
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QUOTE(PAChamp @ Jun 14 2022, 12:01 PM) The thing i find good about Sime darby is this... you know how most developers will incorporate a new company to do each development so as to limit their liability ie. you can wind up that company but you can't touch the shareholders... I asked the lawyer for the Elmina SPA, the developer which signs the SPA is actually the developer who owns all the land in Elmina (i was told this by lawyer). This goes to show that SDP for elmina is so confident of their ability to deliver the project they put their "mother" company in the front. They won't risk their reputation and future development. Don’t know if that sounds right. The subsidiary can own land too you know. But this is a necessary risk mitigation tool for most big listed companies so it’s foolhardy to not do your utmost to protect your shareholders. This post has been edited by Cavatzu: Jun 14 2022, 01:46 PM |
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Cavatzu
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Nov 1 2022, 02:43 PM
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QUOTE(lewissac @ Nov 1 2022, 09:46 AM) Recently, invested in one Sunway Property. Wondered how's the quality overall upon VP? Is their response time decent too? They’re fine if not a little boring. Noticed a lot of ESG initiatives which may mean lower or stable maintenance fees in the long term. I think their most recently vp property in KV is the MK one. This post has been edited by Cavatzu: Nov 1 2022, 05:59 PM |
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Cavatzu
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Nov 1 2022, 07:25 PM
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QUOTE(lewissac @ Nov 1 2022, 07:20 PM) I see. Will check their MK unit in youtube is have. Recently saw quite some FB and youtube video on defects and especially the most recent shared by you: Tropicana Uncle; kinda scared hahaha.... Anyway do have past experience with PV units at my sibling house. Suddenly the toilet bowl loose and then dropped down.  Of cuz it got repaired by the developer. No la the Tropicana uncle one is a bit dramatic. By and large they’re paying for the location. But the local developers will forget that more astute investors from overseas are not as cincai as locals. There’s no where in HK Island you can pay RM 2k psf anyway. |
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