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(14-11-2011, 10:01 AM)dzwm87 Wrote: The question will be whether LKT is planning to sell the 50% share in Jurong Point? Also, given current economic conditions, will outside buyer be willing to fork out that $750m in cash?
$750million is at the lower end of the valuation.
At an incoming rental income of $57.7 million and assuming no rental increase(which is impossible...), 20 years of rental income is easily $1.1 billion!
It takes LKT less than 10 years(probably 7 years..) to repay the loan fully using the JP rental income, after that, the Lee family will huat until no day no night.