Have the banks resumed financing construction projects? Has the interest and payment mechanisms changed?
IJ: Bank financing has become really tough especially for construction companies. However, following the improvement in the liquidity crisis we expect it to change. As I mentioned, be it local or international banks, the improvement of world economy is very crucial for the revival of the sector here. DS: It's important to note banks never stopped financing construction projects. In response to the global financial situation, many banks simply became more cautious and finance became more difficult to secure. For those involved in blue-chip projects for blue-chip clients, the impact has been less tangible. NG: Banks have actually restarted financing construction projects with a very clear and transparent grading system in place to qualify developers and their projects. Banks also monitor developer profiles and constantly make project assessments to determine eligibility for finance. These initiatives have delivered positive results. AS: Banks are still apprehensive about financing c
IJ: Bank financing has become really tough especially for construction companies. However, following the improvement in the liquidity crisis we expect it to change. As I mentioned, be it local or international banks, the improvement of world economy is very crucial for the revival of the sector here. DS: It's important to note banks never stopped financing construction projects. In response to the global financial situation, many banks simply became more cautious and finance became more difficult to secure. For those involved in blue-chip projects for blue-chip clients, the impact has been less tangible. NG: Banks have actually restarted financing construction projects with a very clear and transparent grading system in place to qualify developers and their projects. Banks also monitor developer profiles and constantly make project assessments to determine eligibility for finance. These initiatives have delivered positive results. AS: Banks are still apprehensive about financing c
