lol no wonder lor..

they didn't pay salary

Wonder after this who would want to buy EC2 and the rest of the projects... But still, Malaysians mudah Lupa, if eventually they did plate everything and handover keys nicely and with that location, the property will appreciate more likely and also good rental , ppl will tend to rich for EC2 again...

Already got one spotted at iproperty at 320k , but who wants lol

EC2? The developer will sell empty boxes at cheap / easy to buy prices then the whole cycle begins again.

More like blinded by greed.

jolokia correct or not?


This post has been edited by icemanfx: Mar 19 2016, 01:20 AM

empty boxes i can accept. this seems to be more like broken pieces.

my fren who bought into one of their earlier projects, and yes, made good money, also
bought a unit of EC .. She has taken her keys and now paying for maintenance and loan instalment
but has managed to sell off her unit now pending issuance of CCC before the completion process can move forward. She did say no more MEH projects for her...fortunately for her, she managed to get a buyer so soon and at quite a decent price..

but I reckon if MEH wants to sell EC2, they must throw in lots and lots of goodies to "blind" buyers esp
those who have no knowledge of the current problems at EC

wonder if people would buy their EC2 project after so many issue now

http://www.mudah.my/Colonial+loft+empire+c...9622.htm?last=1

Got such big sq ft at empire city?

Meaning her unit is in a liveable condition?

Got.

Empire city is leasehold or freehold. That advertisement is stated as freehold.

Today a big group of police officers gather in front of empire city entrance , not sure what kinda investigation they doing there

This post has been edited by Giant: Mar 19 2016, 05:40 PM

Getting more interesting this ec.

Tell us more. Very interesting.

The edge weekly carries the news that ambank top officials visited empire city recently. MEH have outstanding loan of RM 900 mio with Ambank. Now the big guys are worried too.

Sign of liquidation

Mean ambank is likely to extend additional facility or bridging loan to meh.

If the account has passed to recovery department, the bank top officials are unlikely to visit the site.

With rm900m loan, the bank will treat this account with silk gloves.

Until papers is sorted, this place is unlikely to complete anytime soon.


This post has been edited by icemanfx: Mar 19 2016, 07:31 PM

Just passed by there , will try to dig out more later ...

Where is the source of this news ? Can provide link ?

Question is whether they are top officials or recovery personnel. Wonder why need police if they dont anticipate resistance?

Extend additional facility would be like stepping further into the muddy field esp in current rising NPL environment. Ambank more like closing water tap mood now after bnm fine and major shareholders rumoured to be seeking buyers.