Litigation? What for?

Thought most people prefer to be awarded a fat LAD just like what happened to EkoCheras, no?

No surprise
Super overpriced project at 900-1k psf. Initially I thought upon VP can drop 40-50%.

Now looks like this may not even complete.

If no VP where do u get your LAD?

Yeap! It won't be completed now. Hence, litigation.

Still begs the question: How do you know that it won't VP?

Internally already informed. So what else to wait for?

Which means this project is abandoned?

A quick search in Google didn't come up with such news. But since you mentioned that this news is circulated internally, I'd bet by now there should be disgruntled buyers (both internally and externally) who would've filed a lawsuit and this will become public knowledge.

EkoCheras was VP'ed late and the LAD was paid accordingly to the earlier buyers. So far I don't remember coming across an article or two where a group of buyers threatened a lawsuit against them prior to its completion (or even after).

Developer is cautious in dealing with the purchasers now but even compensation has been delayed. That doesn't leave the purchasers with any choice since the 10% + 10% has been paid.

If VPed then the lad will be given accordingly so don't think will have any lawsuit involved. This is a while different story.

Hence, checking if there's any purchasers here facing the same problem. We have done our first step for litigation.

At the beginning only 700-800psf..depend on who build it on this location, if change the developer to exsim and sell this price 700-800psf should be no problem here..after see their ekxcheras mall sori to say no confident

This post has been edited by m0n0p0ly: Jul 18 2020, 11:23 AM

Any purchaser didn't know what to do?

PM me.

For the benefits of buyers, suggest buyers to group up to exchange idea, monitor and decide what to do next...

Me not a buyer of this project.

how to contact with you ？
maybe can you give and wechat ID 😁

Hi. can add me inside the group because im the buyer on this project 😭

Me not buyer.
You may wait for reply from chastise

Per this site(click on the "projek" tab) five mins ago, the permit/lesen ended 30-Oct-2020...
See if there's an update in near future...

http://idaman2.kpkt.gov.my:8888/idv5/98_eH...?pmju_kod=13673

this project has been labelled as projek sakit. ekovest is not continuing the development.

This piece of land is really not good fengsui. 20 years ago, the previous developer completed the pilling and intend to build an office tower but abandon. And Eko took over but yet abandoned again...

Everytime passby and see the eye sore building. Hope it can quickly revive back.

Avoid ekovest projects. From Eko-cheras you still confident with them? Lol

How's this abandoned project doing? Hearsay bigger problems in sungai besi with HSR cancelled. How are the buyers managing this?

it seems that Eko is reviving this project, been seeing workers putting on new advertisement banners on the around the project barricade.