Investment Moats posted a question to First REIT some time ago as to the land lease renewal process and how much it cost. For an insight to that read the article here.
Here we see a successful renewal and the cost of renewal. Granted, MRCCC is a much smaller than the other premises but 28k is a small sum by any standards, just like what Victor from FIRST REIT says.
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LIM
Friday 30th of September 2011
Hi Drizzt, Regarding the renewal of land lease in Indonesia, as it is cheap to extend the property leases in Indonesia, does it mean that LippoMall Reit & FIRST Reit valuations are underestimated and therefore the share prices are undervalued as well?
Please share with us your thought. Thanks.