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Investment KL RIVER CITY | EKOTITIWANGSA | EKORIVER CENTRE, Highend mixed dev transform Jalan Pahang

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hhho
post Aug 17 2018, 01:36 PM

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Not sure why it stopped. Here's one snap shot of current status.


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mangoproperty
post Aug 17 2018, 02:28 PM

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How much psf can get ?
DesRed
post Aug 17 2018, 03:49 PM

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QUOTE(mangoproperty @ Aug 17 2018, 02:28 PM)
How much psf can get ?
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If I can recall from last year's iproperty fair, the sales staff quoted me at around RM 900psf - RM 1,000psf for this project and only offer 5% rebates.

Not sure how the sales are, but I don't think their units will get snapped up that fast.
brianccg
post Aug 27 2018, 09:07 AM

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Passed by these few days. It seems dont see any construction going.
kerr6002
post Sep 14 2018, 05:08 PM

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Since june already stop.
planc
post Sep 14 2018, 05:29 PM

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QUOTE(kerr6002 @ Sep 14 2018, 04:08 PM)
Since june already stop.
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What happen to this project? Earlier buyer ady signed Snp?
kerr6002
post Sep 14 2018, 05:46 PM

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QUOTE(planc @ Sep 14 2018, 05:29 PM)
What happen to this project? Earlier buyer ady signed Snp?
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Not sure. May be land problem with dbkl after change government
Pain4UrsinZ
post Apr 1 2019, 12:41 PM

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any update on this project ? anyone sign the SNP mind to share the completion month ?
SoMeOnE121
post Apr 1 2019, 01:01 PM

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Yes what the hell happened to this project? safety? Land issue?? Somehow all the stakeholder have been able to keep the issues with this project quiet? What's going on? I mean it's Ekovest project..not some small developer...looks abandoned... hope someone on the inside can share...it's quickly becoming an eyesore.. and quite sad looking tbh...
DesRed
post Apr 2 2019, 12:25 AM

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Not sure if the 'extreme' cost cutting measures Ekovest did to EkoCheras was any indication that its property arm isn't doing to well financially? hmm.gif

I do recall that the sales response for both the former and this project wasn't that good when I passed by its booth in a property roadshow at MidValley a year back.

This post has been edited by DesRed: Apr 2 2019, 12:25 AM
SoMeOnE121
post Jul 22 2019, 03:07 PM

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This project still remains a mystery....what's scary is that is a fairly large developer and it has been complete radio silence. There aren't even leaks about why this project was halted/abandoned which is remarkable in this day and age.

I do believe it will eventually continue as other parts of the ROL project appears to be progressing but dunno how long it would take.
pilotHans
post Aug 19 2019, 06:14 PM

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is this project still a "dream" shakehead.gif

i think i passed by recently @jlnPahang, after that Honda/Proton Setapak. on your left side . next to that mysterious building(Wisma HRIH Lotus) sweat.gif

still carpark level + 2 cranes not sure functioning or abandoned sweat.gif
pilotHans
post Aug 19 2019, 06:16 PM

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QUOTE(hhho @ Aug 17 2018, 01:36 PM)
Not sure why it stopped. Here's one snap shot of current status.
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as of this week , same looks the sweat.gif sweat.gif any news, coz i do remember passing by their roadshow somewhere in sunway putra iinm
expanzee
post Oct 23 2019, 08:11 PM

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still no update on this project?
icemanfx
post Oct 23 2019, 08:47 PM

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Looks like the main contractor has withdrawn from the site; could mean developer lack cash flow to continue. high risks to become a abandoned project.

This post has been edited by icemanfx: Oct 23 2019, 10:54 PM
Pain4UrsinZ
post Oct 23 2019, 10:41 PM

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QUOTE(kerr6002 @ Sep 14 2018, 05:46 PM)
Not sure. May be land problem with dbkl after change government
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As I remember, before new government this project already stop its progression for quite some time

This post has been edited by Pain4UrsinZ: Oct 23 2019, 10:41 PM
m0n0p0ly
post Oct 24 2019, 01:13 AM

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QUOTE(icemanfx @ Oct 23 2019, 07:47 PM)
user posted image

Looks like the main contractor has withdrawn from the site; could mean developer lack cash flow to continue. high risks to become a abandoned project.
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Lack of cash flow? I thought they sell expensive bread recently? No? https://www.edgeprop.my/content/1507025/dr-...f-has-new-owner
icemanfx
post Oct 24 2019, 02:07 AM

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QUOTE(m0n0p0ly @ Oct 24 2019, 01:13 AM)
Lack of cash flow? I thought they sell expensive bread recently? No? https://www.edgeprop.my/content/1507025/dr-...f-has-new-owner
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Then why the site is deserted?

This post has been edited by icemanfx: Oct 24 2019, 03:03 AM
SoMeOnE121
post Oct 24 2019, 08:57 AM

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This project is one of the biggest mysteries in Klang Valley. Usually, if project abandon or halted, somehow the reason or other facts will come out somewhere on why it was halted and what is the plan. But this project manage to stay silent. So far nobody in this forum or other channels manage to find any dirt on why this project stop. No buyer or stakeholder has talked about this so far.

The Ekovest HQ in Setapak has also closed off their gallery. The last time i was allowed access on Nov 2018, the Staff there told me 'project ongoing' and they didn't wana say more.

I really got to 'clap hands' to Ekovest for managing to control information from the public. Probably the buyers are getting compensation and have been told not to reveal anything to the public. The weird thing is, other projects under Ekovest such as infra etc seem to be progressing smoothly so I do not think its a cashflow issue.
chastise
post Jul 9 2020, 01:40 PM

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Any purchaser for this project here?

potential litigation for this project.

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