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

Already scheduled this year sea game. Ice skating competition help in Olympic size skating ring in empire city. Cheer!

The developer was late in making the final DIBS interest to the bank and UOB automatically increased the interest by 0.5%. I had to write in to the bank before they reduced it back. But I have lost my only chance of getting excused for late payment. next time, the interest rate increases permanently, from what I understand.

This EC purchase experience is a very good lesson about how a developer's good track record is so important. Then again, they had a good reputation in 2010 because of the success of Empire Subang.....

It is very alarming to see many purchasers and borrowers here were clueless about DIBS.

If developer pack up and decided to go Holland, borrowers are still obligated to service interest AND installment back to bank, because the monies have been drawn down to developer. Only problem is, you don't have a finished product to stay or rent or sell to repay your loan. Meaning you're going to repay an empty loan or risk ruining your own credit ratings.

I went there personally last sunday and HOLY SHIT. Is like a construction area and they VPed the unit to the owner. Base on naked eye, is about 80% completion and they VPed.

Good luck to the owners. They are paying maintenance and installment every month without able to rent out. burning cash every month. No CCC yet.

Avoid this project until the mall is up.

Interesting 140 pages worth of discussion and sharing. Didnt know EC is one of the hot topic here. I would like to join in..........

This is my, and only purely my humble opinion as a owner of a unit in EC.

In a nutshell, as an investor (small time), i always try to look at long term. I try to see how to developer see it. There is always a supporting research done as to why a developer choose to buy a land in a particular area and built a particular type of building and concept. At the end of the day, i dont think any developer, just for the sake of making money (of course profit is also the key point), will simply buy a land and simply build without taking into consideration the potential of the area and its product. Is only whether you belive in the particular developer's plan and direction.

The way i see it, EC will be a big hit. Heck, it may even be the development that will put Selangor on the map, or raise Selangor's status higher. Is like how KLCC put Malaysia/KL on the map (just an example)

Yes, there are alot of setback and complaints and dissatisfaction. Even i myself did make some complaints. But lets not forget, the buy in price was good for something of this scale. Yes, i agree that quality is a issue. But when i know that i have made more than 50% (example) in appreciation/profit, what is a mere RM10,000 taken from the profit to do up the studio unit nicely and let it go? This is just me lah.

Maybe i am not such a power/savvy investor yet, but i manage my expectations. Sort of like saying if you go to a chicken rice shop and order chicken rice for RM10, and you expect some Marini's57 presentation and service. Come one.......

Besides, which developer is perfect? Those more established big developer's property which is more expensive (some), is perfect? Still will have issues, and still ppl will complaint. I find it funny because, if is anything, the complaints should be more aggressive for them because they sell so much more expensive. So if i am paying that much more, my expectation will be higher, and even a little defects or imperfection, i will be furious. But that is not really the case isnt it?

Besides, most of my major complaints is attended to. Not done yet, but at least i was assured it will be rectify. Maybe i am lucky? I dont know. I dont even question.

I am not defending this developer nor am i defending my own interest. Because i agree, they have ALOT ALOT more to improve on. I just want to humbly share my views as an investor (small time) and a owner.

Please dont "flame" me ya. This post is just 100% PURELY my views and my justification to invest in EC and is not intended to make any of you change your mind or to correct your point of views or to defend anyone. Have to put this disclaimer here, as i see there is alot of forumers here that are quite aggressive with their comments and post. Sorry ya..........

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