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 EMPIRE CITY @ Damansara Perdana/Mutiara Damansara, Mixed Development Project in Damasara KL

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Informationiac
post Mar 22 2016, 09:46 PM

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QUOTE(mthc @ Mar 22 2016, 09:41 PM)
Abandon or not is hard to say la.

Take encorp residence for an example. The crane suddenly mia then a month later... the crane is back and the building is almost fully painted etc.

Guess we just see the final result lo. No point speculating so much alsp. Meanwhile just look for dead chciken here in EC 😄
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Everyday I drive pass there I count the brown window... "today how many floors of brown window installed ah."

What do you mean dead chicken.
Informationiac
post Mar 22 2016, 11:59 PM

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QUOTE(debbierowe @ Mar 22 2016, 11:06 PM)
Yup. How to predict ... unless u know meh inside out.

Dead chicken without ccc tak mahu. If got ccc then see how dead it is. 200k i sapu 😄
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So it is like testing holding power. those bulk purchase investors with many commitment sure very tough for them.. ohmy.gif
Informationiac
post Mar 23 2016, 01:02 AM

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QUOTE(icemanfx @ Mar 23 2016, 12:34 AM)
Those bulk purchase investors are mostly if not all have made $ from property flipping years ago, have silver and gold mountain backing. To them, the longer they hold, the higher the asking price will be, is the last of anyone concern.

By the time they sell their first unit, may be just in time for their waiting list watch to arrive else they need to pay above list price  for the watch.

jolokia correct or not?
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Over supply no one buy how? hehehhehe rclxs0.gif
Informationiac
post Mar 24 2016, 11:46 AM

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HOI come back to issue lah, why Cha bo here cha bo there..
I go cha bos from taylors or sunway, want or not?
Informationiac
post Mar 24 2016, 11:50 AM

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Taken today, from front it seems like floors and main structures are almost complete. This is so wasteful if they really throw out this project.

The back near Bkt Lanjan car park there looks like shit though.


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Informationiac
post Mar 25 2016, 10:15 PM

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How can we go in and see? Just want to see how and what they do
Informationiac
post Mar 26 2016, 11:19 AM

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QUOTE(icemanfx @ Mar 26 2016, 11:06 AM)
If they could find a REIT to take over the mall, meh will be left with a truck load of gold. The tussle is to convince banks to extend additional funding to complete the mall.
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What is REIT. sorry
Informationiac
post Mar 26 2016, 11:23 AM

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QUOTE(Miracles @ Mar 26 2016, 10:08 AM)
They ain't doing fine. Heard from insider.

Good luck everyone
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You got the insider news? Share share biggrin.gif rclxms.gif
Informationiac
post Mar 26 2016, 11:31 AM

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QUOTE(soitsuagain @ Mar 26 2016, 11:29 AM)
But their mall is very close to 1U. What then would make their mall special?
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Convention center, business venue for international business people. Thats what I heard from their sales office.
Informationiac
post Mar 26 2016, 07:19 PM

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Sounds to me that if there are no buyer/tenant for the mall, they wont build it fast. So if there are no tenant forever, then they wont build forever? What bullshit is this
Informationiac
post Mar 26 2016, 08:41 PM

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QUOTE(mister_giam @ Mar 26 2016, 08:31 PM)
i seldom go NuSentral, got so bad meh, i tok they doing quite well? Encorp strand mall agree...i always to their cinema cos very empty
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Cinima Empty.... scary leh blink.gif
Informationiac
post Mar 27 2016, 10:26 PM

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They admit they have cash challenging issue, just like Genting on the movie theme park case
http://www.themalaymailonline.com/money/ar...git-report-says

And with this kind of lansi comeback to the people, it makes me blood boil. I do hope they stop compromising the quality and focus on completing.
Informationiac
post Mar 28 2016, 11:41 AM

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QUOTE(Donald Trump @ Mar 28 2016, 11:02 AM)
2 more?
E. res already deliver some.....so consider half cook
funny thing about this ER.....afyer vp 2-3 phase......
TOTAL SILENCE FROM BUYERS.....no comment ....nothing........like nothing to talk abt.....or more like dont know what to talk
mayb in their heart is want to talk, talk in court ?
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most probably MEH rectify ER's problem faster and better than EC so they dont get in trouble, this maybe because ER's customer all rich and have status, they don't dare to give trouble to them. imagine if one of the ER owner works with the government agencies.

Informationiac
post Mar 29 2016, 09:23 PM

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my friend bought subsale, cancelling this week. Reason, CCC compliance period expired for 2 months.
Informationiac
post Mar 29 2016, 10:23 PM

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QUOTE(westthen @ Mar 29 2016, 10:14 PM)
meaning if they cannot produce CCC in 2 months the sale will be automatically cancelled?

btw is there any blocks which ppl are actually staying now?
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SPA signed on 2015 july, with condition of 6 months to obtain CCC, if cannot produce CCC then she got right to cancel. Actually she can give extension, but after seeing so many negativity, she cancelled. I think she will lost 20k lawyer fee total.

This post has been edited by Informationiac: Mar 29 2016, 10:24 PM
Informationiac
post Mar 29 2016, 10:35 PM

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QUOTE(nexona88 @ Mar 29 2016, 10:33 PM)
actually she did the right thing even when lost 20k lawyer fee, because if no cancel more loss coming soon  bangwall.gif
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I wonder if the vendor will give back money?
Informationiac
post Mar 29 2016, 10:41 PM

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QUOTE(Giant @ Mar 29 2016, 10:38 PM)
but i still think empire city will open end of this yer and fully complete in 2017. I am more worried about Empire remix for now as i donno where MEH going to dig out the money to fill up Empire remix after Empire city complete.
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They have a piece of land EC2, that land can cover alot. but again, with their integrity like that, i doubt they would sell it to big developer
Informationiac
post Mar 29 2016, 11:16 PM

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QUOTE(Clement1001 @ Mar 29 2016, 11:08 PM)
Worst come to worst they can sell of the development plan along with the land and cover the Remix.
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Buyer of the land know they need money they sure press price even further down. Standard pattern.
Informationiac
post Mar 30 2016, 11:13 AM

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QUOTE(kochin @ Mar 30 2016, 08:32 AM)
i think ec will be completed lah.
just scared internally a lot of cost cutting and short cut.
a case of too big to fail and too late to fail. visually, it looks almost there.
the last push would indeed be difficult coupled with many saboteurs (maybe suppliers and contractors who did not received payment).
hope they do.
we shall find out in a year or so.
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I think a lot of people know it will be completed. Is all about test of holding power.

By the way, the main support and structure already done. The most expensive part is the interiors. How they going to get money.

Informationiac
post Mar 30 2016, 11:25 AM

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QUOTE(propertybbb @ Mar 30 2016, 11:24 AM)
Already there is auction unit. Confirmed no bidder last round, it will be another round of auction with lower price.
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Sad.. sad.. haha

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