What happens to this project?
All tower cranes stopped already, very little workers at site working only...

From the look of it, abandonment soon??

Tower cranes have stopped like 2 months now. My office just across LDP, can see only some workers watering plants, inside and outside also no workers doing work.

Wonder if the residential units are affected?? All the buildings outside seems like almost complete, but inside still a lot of work not done.

Normally this kind of situation happens when money stop flowing....
Developer runs out of cash maybe??

Even if the residences are completed, who wants to live in an environment surrounded by uncomplete buildings?

If the residences are sold out, then likely developer will have the cash to complete it. Offices and malls will be difficult if no cash pump in. Contractors and suppliers will bail or work on cash terms only.

Dev will need to borrow or sell off some uncomplete buildings to raise cash probably.

Just taken a photo of this development across LDP.





Cranes still inactive, no workers inside.

cranes stopped moving for 2 months + already la...

The developer might go bust. But I believe EC (Or change name) will stay despite the delays in completion cause this piece of development is sitting on prime location.

Other developers might be interested to take over if the 'lelong' price is attractive.

Now MyEG also in tantrums as their lease at First Avenue is due on March but their new office is not yet ready. So if BU don't want to extend their lease, MyEG will be homeless for awhile...

The shit is starting to hit the fan.

Just saw one purchaser complaining this development on FB. Asking purchasers to take VP but the prop is grossly incomplete...

I guess many who bought EC residential are investors/flippers. Probably the same investors who made money from Empire Subang and Empire Damansara.
Still one bad experience will tarnish everyone confidence.

From what I gather, delay is inevitable since developer has no money to get contractors working already. Developer even resort to unscrupulous tactics to get financing, like finish up the external work and landscape even though internally is far from completion.

But we cannot wrap fire with paper, a walk inside the building and everyone can tell whether the building is complete or not.

walau, cyber attack is getting hot already...

http://www.rojakpot.com/empire-city-damansara-trouble/

I wonder how long this will take to make it to the mainstream media...

Empire Subang is consider a lucky venture for MEH. One unit SOHO was selling for 200k only. The concept is unique then, and the market likes it. All buyers make money from that investment. But this is before the property boom. During the boom, the selling price can touch 600k.

MEH banked on ES success to venture into Empire Damansara. Of course, this was during the boom period, MEH made tons of money. Buyers as well. I guess this make them to dream bigger.

I had seen Empire Subang quality first hand, it was consider very bad that time. Then Empire Damansara came to fruition and it makes ES workmanship looks minor.
I guess when Empire City comes to fruition later, it will make ED workmanship looks minor as well.

MEH is never a good developer from start.

This post has been edited by lch78: Mar 18 2016, 05:14 PM

Mainstream media finally pick up the stir from internet..

http://www.thestar.com.my/business/busines...in-empire-city/