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Investment 8 CONLAY | KEMPINSKI HOTEL & RESIDENCES, Europe's Oldest All Luxury Hotelier

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happyhaka
post Aug 21 2022, 11:44 PM

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QUOTE(Cavatzu @ Aug 21 2022, 06:34 PM)
I’m starting to think fully furnished doesn’t work for super high end units. If there’s one thing that rich people like is to be unique. Homogeneous design may not work for them but it works for low to mid range investment type units where it’s all bundled into the loan.
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Hmmm this actually makes sense. However, for foreign buyers they do not want the hassle of furnishing the units. Ultimately, they would want a branded residence that they can stay in whenever they are in the country.
happyhaka
post Aug 26 2022, 12:17 AM

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QUOTE(nihility @ Aug 25 2022, 06:40 PM)
Usually this kind of "pull hand brake" scenario implies that the developer / client is a bad paymaster. No main contractor will pull hand brake to offend the client/ developer for no reason. For the main contractor to arrive at this point = they have very strong paperwork / evidences that the client/ developer have breached the contract & situation are in favor for the main contractor.
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This does make sense. You wouldn't want to offend the company that gives you business is a general logic. They would have thought and discussed about it so many times before undertaking such action. After doing this stop work order it seems like they are already prepared to not continue the contract.

 

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