"its not that the projects are unprofitable (margins are fine when they actually do develop property) but its that the majority of book value sits idle in the land bank making no return'
could on some of the land could they put prefabricated mobile homes on the land with say a 5 year lease while plans for something permanent is decided to get a return ?
(I have no idea if that is possible so welcome to be shot down )
Ann: Vietnam Joint Venture Project, page-12
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