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ElaKiri Talk!
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<blockquote data-quote="warwickuni" data-source="post: 27377363" data-attributes="member: 101444"><p>I hope that we can get enough income from this unlike other projects such as Mattala and H'tota etc. Problem is how long can we hold without selling this or handing over . Why is this not open for public yet? I think that there are still some safety issues which needs to be resolved soon. The reasons for failure of Shanghai Tower which was build for commercial occupation cannot be applied to this 'Sky Tower' as main income will not be from occupancy but by observers who visit for short duration.</p><p>We did have major issues with occupancy with Overseas Reality (Echelon Towers) initially and may be even now . But it was not a failure. It was 100% private investment as opposed to Lotus Tower . These type of structures are not buildings for occupation (though some space is available for that) but towers for observations and income generated from daily visitors.</p></blockquote><p></p>
[QUOTE="warwickuni, post: 27377363, member: 101444"] I hope that we can get enough income from this unlike other projects such as Mattala and H'tota etc. Problem is how long can we hold without selling this or handing over . Why is this not open for public yet? I think that there are still some safety issues which needs to be resolved soon. The reasons for failure of Shanghai Tower which was build for commercial occupation cannot be applied to this 'Sky Tower' as main income will not be from occupancy but by observers who visit for short duration. We did have major issues with occupancy with Overseas Reality (Echelon Towers) initially and may be even now . But it was not a failure. It was 100% private investment as opposed to Lotus Tower . These type of structures are not buildings for occupation (though some space is available for that) but towers for observations and income generated from daily visitors. [/QUOTE]
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