NDV = 1,600units x RM800psf x 800sqft/unit = RM1,024million (RM1.024billion)
Land cost = RM340sqft x 6.5ac x 43560 = RM96.27million
Land to NDV ratio = 9.4% (Not very high and under acceptable level)
But let assume RM1,024million seperated into 3 phases = RM340million/phase
Aik Bee need to get the bridging loan of at least RM113million.
Even @20% profit of RM340million (phase1), which is RM68million,
Phase 2 still need to get bridging loan.
So, it is expected the overall development will be no less than 10 years assuming,
4+4+2 (Mix development with average 4years dev. period).

Even if charge the enitre RM65million to bank with term loan of 60% from RM65million,
only can get RM39million out from the land for bridging loan facilities.
Again, this is assume that the current land is 100% free from encumbrances and not charge to the bank. It's very unlikely...