Why don property developers float their own contracting companies?
Globally, it is not a practice for the developers to go downstream. On the contrary, there have been incidents when contractors have become developers. The developer can ideally think of buying out a contracting company and letting them work independently as a profit centre and give the developer a preferred treatment. Developers would rather go upstream and endeavor to become master developers. Do you have any IPO plans? Right now, we are not thinking seriously about an IPO. We may think of taking one of the divisions to the public later, but not in the short term.
Related Questions
- How can the government tell private developers what to do with their property? Why would the developers want to cooperate with this District Plan?
- What are the advantages of contracting with a professional Property Manager in comparison to Self-Management?
- Why don property developers float their own contracting companies?
