Tuesday, October 23, 2012

Mega mall falls first

just got that from RFA:

"Construction of a mega mall that was set to be Laos’s largest shopping complex has been suspended after the project’s international developer ran out of funds despite having collected advance rent from retailers, sources in the city said Tuesday. "

So they are running out of money. Or away with it. I predicted this already.

The same concept is behind the World Trade Center and the Vientiane Center project. Shiny sales buildings to distract people from the fact that they dont have big investors behind.

So be careful with investing.


No comments:

Post a Comment