Typically, the land price is usually 10-15 percent of the gross development value (GDV). Therefore, if a developer purchases a RM100 million land, then they are aiming for a GDV of probably RM1 billion. Of course, if this piece of land is within the city centre, then land cost versus GDV could be much higher because land price within the city centre is usually higher than land in the suburbs for example.
17,500 people may lose their jobs within 2024 from this one company alone. Why?
I have known of a few bankruptcy cases within my circle of friends. What about you? Sometimes, it’s unavoidable. Wrong place, wrong time, wrong business, wrong person we trusted. Sometimes it’s due to some unforeseen circumstances, for example, COVID or even a global financial crisis. So, do we know how does one become a bankrupt in Malaysia? Here are just a selection of 10 things to know especially the point #10 where now one can also be automatically discharged from bankruptcy with certain requirements fulfilled.
MyFM radio station was asking listeners how many meals they could have with RM100. One particular man called in and said that when he eats ‘economy rice,’ he just take one meat, one tofu and one vege and that’s already over RM20. I was shocked. Where is this place? Anyway, I did not listen until the end and I did not know but RM20 for ‘economy rice’ is probably too high if you ask me.