(18-09-2013, 03:07 PM)specuvestor Wrote: [ -> ]Someone once told me it is best to get units where the directors have a unit so that u can complain to him if anything wrong 
Better still, get him into the MCST
Understandably, not many directors would want to be in such position
Isn't it that after the development is passed to the MCST, and after the warranty, it is no longer the responsibility of the developer to handle any complaints?
If that is the case, having a director of the developer within the MCST will have what difference?
lol, all the directors are probably staying in landed property.
(22-09-2013, 11:57 AM)NTL Wrote: [ -> ] (18-09-2013, 03:07 PM)specuvestor Wrote: [ -> ]Someone once told me it is best to get units where the directors have a unit so that u can complain to him if anything wrong Better still, get him into the MCST
Understandably, not many directors would want to be in such position
Isn't it that after the development is passed to the MCST, and after the warranty, it is no longer the responsibility of the developer to handle any complaints?
If that is the case, having a director of the developer within the MCST will have what difference?
Vested interest and connections.
An IT guy went to the boss' home to do up the intranet, though it is unlikley to be in his job description. If the director is asking the developer to fix up the termites infested swimming pool, if it is not too much an issue, I doubt it will be declined because it is beyond warranty. Real world is not so black and white.
(22-09-2013, 10:54 AM)godjira1 Wrote: [ -> ]Ashuro - its obvious u are choosing to read my comments your way and I have no interest in engaging internet trolls. My last on this matter then.
last word is certainly yours, regardless how its read:
"... At the end of the day the property has been paid for and the company could posit as a property owner rather than a developer. ..."
(22-09-2013, 11:04 AM)KopiKat Wrote: [ -> ] (22-09-2013, 10:54 AM)godjira1 Wrote: [ -> ]Ashuro - its obvious u are choosing to read my comments your way and I have no interest in engaging internet trolls. My last on this matter then.
Ditto here... Most likely someone with an axe to grind as all posts so far is right in this thread...
ditto, I'm sure all the experienced business experts have been right about direction of property development since the scratchy AGM few years back.
so, the experts reckon that sinking money into bricks & mortar even at a loss is always better than cash in the bank....
(04-10-2013, 11:39 AM)ls555 Wrote: [ -> ]Interesting Video from Investor Central
Popular Holdings: Why did it impair the units at '18 Shelford' shortly before selling them to the CEO?
http://video.xin.msn.com/watch/video/pop...g/pfyq2ub3
thanks for a most excellent weblink.
books & stationery stocks are easy to re-label, price-dumped & written-off, not so easy with empty floor-spaces on property development.
cf. numbers game @ Post: #457 by KopiKat
Why would he flip the property and incur loses through the stamp duties?
If the motive was the get the properties off the balance sheet, couldn't they just lower the list price?
since share buy back stopped, share price has been slidding