Design
The developer typically sells the completed project to an investor
far more often than placing it on the market.
We have been doing well so far but
we also know that we have to contin-
ue improving.
My satisfaction at this AGM was also
highlighted in the interest by the at-
tendance of representatives from the
leading Authorities in our country
as well as from the two main political
parties in Parliament, that is the Gov-
ernment and the Opposition, with a
good mix of MPs who have interests
or responsibilities directly concerned
with development. I also appreciated
the very positive comments of both
the Prime Minister and the Leader of
the Opposition on the MDA and its
WWW.DESIGNANDBUILD.COM.MT
The demand
is high so it is
improbable
that a lease to
the Govern-
ment’s Lands
Authority
within the
‘Skema Kiri’
terms would
be accepted
IN REWARDING
SOCIAL HOUSING INITITATIVES not they are only involved in erect-
ing the development to then sell it
off to someone else. So they are not
the ones who are taking the risks in
the end. This could well be why the
Prime Minister had to express his
surprise that there was less of a posi-
tive response than was expected from
developers, to the Government’s
‘Skema Kiri’; a guaranteed ten-year
rental agreement in return for a low-
ering of rental values.
Though there are developers who
keep their projects for themselves so
as to turn them into short, medium
and long-term lets, more often than These are good times for those with
properties to rent. The demand is
high so it is improbable that a lease to
the Government’s Lands Authority
achievements. This gives us all much
satisfaction and a strong will to move
on with positivity in mind knowing
that what we have had as a vision all
these years is being appreciated and
encouraged to grow.
I am optimistic on gaining even bet-
ter results in the future.
ISSUE 06
27