It is common for developer to overstate number of sold unit.

hahaha..oic.
then dont believe the number when you buy any property from any sales gallery.. god bless you

Developers launched a total of 52,713 homes in 2016 but only managed to sell less than one third of these — 16,532 units (31.4%).

The second highest number of home launches last year was in Selangor, at 8,087 units. Of these, developers sold 35.6% or 2,875 units.

Kuala Lumpur, meanwhile, put out 5,816 homes last year but only 1,588 of them (27.3%) were sold.

http://propsquare.my/2017/04/22/malaysia-p...e-go-from-here/

may i know the relation to Ekotitiwangsa ?
why you are using a general statement to have a general assumption to Ekotitiwangsa ?

Is ekotitiwangsa excluded from napic statistics?

Are you the auditor from napic statistics?

Deleted

This post has been edited by nexona88: Jun 22 2017, 12:30 AM

Just FYI... Check out item two from the article.....

http://www.starproperty.my/index.php/artic...for-investment/

2) Kuala Lumpur River City

Imagine waking up to the sound of flowing water, with nature right at your doorstep. That dream is about to become a reality with a home in the stunning Kuala Lumpur River City(KLRC) project by Ekovest Bhd. Stretching for 3km along the banks of the Gombak River, there are some exciting components making up this development: EkoGateway, EkoQuay, EkoTitiwangsa and EkoRiver Centre to name a few.

Come home to a vibrant environment, be it for business, living, leisure, shopping or hospitality purposes.

EkoTitiwangsa is the first launch in this ambitious project, comprising three freehold residential towers with a gross development value (GDV) of RM600mil. 696 contemporary units await potential homebuyers, promising a redefined city living with thoughtfully-planned layouts.

Tower C, which was launched first, has 270 units with a built-up ranging from 825 to 1,240 sq ft with a price of RM750 to RM1,200 per sq ft. All three towers have a targeted completion date by 2018.

Residents will be able to relax and unwind with the myriad of facilities available, from infinity pools, Jacuzzi and sauna, to the multipurpose hall, gymnasium and children’s playground. To further seal this masterplan as a holistic lifestyle hub, there will be the EkoRiver Centre to look forward to, an iconic retail component of 600,000m sq ft.

Overall, KLRC is poised to become a pivotal integrated development, where transportation via road, rail and river (3R) will converge under one address.

Ekotitiwangsa to be completed in 2018?
Where they get this confidence?

https://loanstreet.com.my/learning-centre/3...pots-investment

You may ask the author t9 confirm...

I guess they get it from the developer.
This is the initial date given by developer if not mistaken.

Why u so defensive wey?

As of today still 19% sold with a 6 month lag meaning 19% of phase 1 sold aS at january.

The official independent number comes from the kementrian which is similar with all other projects.

This post has been edited by Babizz: Jun 30 2017, 06:47 AM

funny. if this is the assumption, the developer is keeping 80% of the units for own staying as i have approach them to buy a unit but there are limited choices due to few units available only. they are requesting customer to wait for tower A and B.
why the developer would like to cheat the customer and keep 80% of units for own usage ?

On another project, this developer waited long time since last update (few years back) until just recently ...

I was told by their SA, back in 2015, that 70% of block C has been sold but the Idaman site has yet been reflected.

It is fair that everyone has his/her hypothesis or guessing for now.

Suggestion, talk to the developer nicely to update the Idaman site. Once they had updated it, the data is more reliable.

Most consumers in the kangkong land only buy when others buy i.e herd behaviour or peers pressure and like to chase after rising price. if a potential buyer learned a project is poor sale, ze will lack courage to buy. hence, most if not all developers typically claimed over 70% sold and rise price in stages, to attract the herd, and "loan rejected units" is almost always available.

This post has been edited by icemanfx: Jul 3 2017, 12:54 AM

lol...good assumption without facts..lol

More like the herd is oblivion of the bait.

i see. then suggest you to move on and avoid this property since this is the "believe". it is an open market. Every investor can make their own decision based on facts or "Feels"

A smart investor will invest based on facts/analysis/potential of a property instead of herb behavior or peer pressure or without verification of the actual details.

This post has been edited by peng112233: Jul 3 2017, 07:48 PM

The herd is oblivion of the staging (e.g. cheap and easy credit) that lead them to believe (e.g. price appreciation inflation) and make the decision.

i dont see any relation of above general statement with Ekotitiwangsa project as it is happening to all property. A real investor will understand and hold the principle of fact-based decision-making. This is an undisputed facts.

appreciate if we can discuss about Ekotitiwangsa project here instead of giving all those general statement which is not informative regarding this project.