Comments on: Pembroke land being sold to China at 1/4 of its market value discounted by 25%

By: Adolf

Adolf — Sun, 02 Nov 2014 17:16:21 +0000

In reply to Chris Cachia. Interesting argument. So how much would you price it?

By: Wistin Schembri

Wistin Schembri — Sun, 02 Nov 2014 13:49:56 +0000

It is being said that Perit Charles Buhagiar (the Labour PM who incidentally is also involved in the ‘restoration’ project of the villa, Villa Francia, where Michelle Mallia carries out her customer care) is discussing this project, on behalf of the Chinese, with MEPA.

Obviously, he will be voting in Parliament for the transfer of land. What’s wrong with that?

By: P Bonnici

P Bonnici — Sun, 02 Nov 2014 13:36:26 +0000

In reply to Tabatha White. That reminds me of the 500,000 Euro in cash.

By: ciccio

ciccio — Sun, 02 Nov 2014 12:04:03 +0000

In reply to La Redoute. Issa jmesshom jibnu xebgha social housing mal-Ambaxxata. The value of Pembroke land and the surrounding areas is likely to go down now.

By: Tabatha White

Tabatha White — Sun, 02 Nov 2014 09:41:32 +0000

In reply to Harry Worth. Manwel Mallia is an ace at commissions. I don't see him being left out, rather, part and parcel of the contract design.

By: La Redoute

La Redoute — Sun, 02 Nov 2014 09:39:25 +0000

In reply to Fesu. For how much space? Pembroke is a high-value land are, unlike Ta' Qali, which is an industrial space.

By: Fesu

Fesu — Sun, 02 Nov 2014 08:54:38 +0000

If I am not mistaken the US embassy paid 18 million Euros for the Ta’Qali land.

By: Chris Cachia

Chris Cachia — Sun, 02 Nov 2014 08:12:47 +0000

In reply to Chris Cachia. Also, the prices per square meter are for a 3+1 area and not for a detached (Villa / Bungalow) area and definitely not in Pembroke either. One would only consider to buy a site at €1800 / m² in a 3+1 area in Sliema (not Lazy corner area) and most certainly not Pembroke.

By: Chris Cachia

Chris Cachia — Sun, 02 Nov 2014 08:09:34 +0000

These figures are so wrong. I am more than happy to sit with any of you and give my humble opinion on the value of the land in question. One has to see what the agreement is, ie percentage of building area, number of stories etc. It is definitely NOT worth nowhere near your €28M, no matter what way you work it out.

By: Spock

Spock — Sat, 01 Nov 2014 23:49:38 +0000

In reply to Dott Abjad. Count me in .