QUOTE(ozak @ Jan 13 2020, 04:35 PM)
Who have the money to demolish when go bankrupt from failed business ?
Unless the gov/local council have such requirement written down when open business.
It is come to the person who buy the place or building to do.
Sometime such place are very good for certain business. But wrong business, fail.
that is why govt should in fact ask for feasibility costing insurance as part of it.
eg:
like A company so ego to proceed at height of development with leverage at 90% project
then suddenly market turn south whole country;
left with alot unsold "within"
call for govt bail bail. Govt said no; ask bank bail; rakyat feedback; siao ah buy 1 pigeon hole in this (X) project.
after so many auction; still not sold. How?
wait market pick up? will take decades like Japanification