QUOTE(HMMaster @ Mar 28 2018, 09:33 AM)
The orientation of the tower on-top-of coco look extremely funny.I don't think the architect will design in such a way with side the building facing OKR.
Investment UNIO @ KL SOUTH, OLD KLANG ROAD, The Most Wow Project in OKR
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Apr 2 2018, 10:44 AM
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670 posts Joined: Aug 2016 |
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Apr 2 2018, 10:57 AM
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670 posts Joined: Aug 2016 |
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... |
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