UtakataNoAnnex
Senior Member
Regardless, they're selling it to whoever can make a profit on it to pay off the debts the previous owner defaulted on as the goal. Whether they are successful in doing so is another matter.I mean, they can be as inflexible as they want with the sale price. But no one is under any obligation to purchase the site. And make no mistake, no one is going to make it out of this mess unscathed. No one who provided capital is getting fully paid off on this project. KEB Hana is going to take a massive hair cut on this and I wouldn't be surprised if most equity is completely wiped at the end of the day.