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 Developers and their reputation, Share your thoughts on them

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PAChamp
post Jun 14 2022, 12:01 PM

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QUOTE(IefGnow @ Jun 14 2022, 11:49 AM)
I know the is has been discussed before but I just want to ask about Sime Darby again. I have been hearing and reading quite mixed reviews about them. Some say good some say bad. Does it depend on the development meaning each development they use different subcontractors so end up different result. How about EcoWorlds development at Eco Ardence? Any reviews of their quality?
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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.
PAChamp
post Jun 14 2022, 01:53 PM

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QUOTE(Cavatzu @ Jun 14 2022, 01:46 PM)
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.
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Goes to show the SD elmina are very confident they can deliver, which is assuring for the buyers. Of course SD elmina is a subsid of the listed company. BUt if that subsid owns the rest of the undeveloped land (thousands of acres), this is reassuring.
PAChamp
post Jun 20 2022, 10:17 AM

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QUOTE(peachpeach @ Jun 18 2022, 08:49 PM)
To whoever considering SD, just saying I used to trust their brand name too but not anymore until recently seeing how my sis RSK Harmoni PH. VP since Jan this year, until now no repair defect. Can VP with broken doors etc cracking walls, leaking pipe, flooding 20kparking to buyers lol.. Dunno how they passed the cf. Dunno because due to RSK Type that's why they don't bother with the workmanship and design anymore.
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Go after their branding lo.... they have a reputation to protect. But i think RSK type, their margins are very small (if any) and they could be doing it as social service (forced to). However in general, the construction industry is facing a serious shortage of workers and the costs of workers has jumped a lot. Thus maybe the sub-cons cant get workers to fix the problem without losing money. Don't give up, keep chasing developer.

 

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