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Investment UNIO @ KL SOUTH, OLD KLANG ROAD, The Most Wow Project in OKR

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DS4
post Apr 2 2018, 10:44 AM

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QUOTE(HMMaster @ Mar 28 2018, 09:33 AM)
Probably yes...

user posted image
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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.



DS4
post Apr 2 2018, 10:57 AM

On my way
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Senior Member
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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