Neighborhood Developer

This is the project that John is doing.

I met John Chong. He is the CEO of DIRA which is the company to proceed Condo project in Carrollton. Until now on, this project is very successful. Already, over 80% of condos were sold out.
It started construction around 2 weeks ago. The biggest group of customer buying condos is asian.

He said that there are many opportunity around Hmart in Carrollton. This area has biggest asian mart and biggest spa&waterpark in Texas. The area could be symbol of asian culture in Texas. This might bring many visitors and customers from outside.

And, according to him, the hardest thing in development is funding and lending. To get good condition of lending, I have better to get some equity investors, or land provider.

To lower the construction cost, it is also very important to increase profitability. That is the reason why he always involved in construction by himself,  not as only developer.