Hartamas Real Estate Group founder and group managing director Eric Lim said many development projects had been financed through equity financing rather than bank borrowings, while some developers formed joint-ventures with land owners to undertake projects.
PETALING JAYA: Property developers are well-prepared to cope with the economic impact of Covid-19 compared with the 2008 financial crisis.
Hartamas Real Estate Group founder and group managing director Eric Lim said many development projects had been financed through equity financing rather than bank borrowings, while some developers formed joint-ventures with land owners to undertake projects.
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