Investment Moats posted a question to First REIT some time ago as to the land lease renewal process and how much it cost. For an insight to that read the article here.
Here we see a successful renewal and the cost of renewal. Granted, MRCCC is a much smaller than the other premises but 28k is a small sum by any standards, just like what Victor from FIRST REIT says.
Latest posts by Kyith (see all)
- Do You Have a Strong Insurance Protection Foundation? A FREE Havend E-book to Help Singaporeans(Plus Webinar Tonight) - March 28, 2024
- When Does High Quality and Low Quality Companies Perform Well? - March 27, 2024
- A Potential Rule of Thumb to Estimate CPF LIFE Standard Income with Our 65-Year-Old CPF RA Capital. - March 24, 2024
LIM
Friday 30th of September 2011
Hi Drizzt, Regarding the renewal of land lease in Indonesia, as it is cheap to extend the property leases in Indonesia, does it mean that LippoMall Reit & FIRST Reit valuations are underestimated and therefore the share prices are undervalued as well?
Please share with us your thought. Thanks.