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Investment ONE COCHRANE RESIDENCES [MRT PROPERTY], Next to IKEA and Ikano Megamall + Hotel

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cy91
post Feb 5 2022, 10:32 PM

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QUOTE(Kopi5263 @ Feb 5 2022, 05:02 PM)
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How many percent completed? When is vp?
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I thought construction have stopped.
Sephilo
post Feb 6 2022, 01:42 PM

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Still got jalan?or very slow progress…
rotloi
post Feb 8 2022, 01:20 AM

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This place is prime ++ area
Kopi5263
post Feb 24 2022, 11:01 PM

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Hi, can i know which floors will facing the car park????
HappyPlace
post Mar 8 2022, 03:39 PM

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Any agent here, please pm thanks
theballer
post Apr 10 2022, 05:00 PM

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zack.gap
post Apr 10 2022, 06:12 PM

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QUOTE(theballer @ Apr 10 2022, 05:00 PM)
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doesn't look like any progress at all?? Pity buyers paying progressive interest..
westthen
post Apr 11 2022, 03:00 PM

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QUOTE(zack.gap @ Apr 10 2022, 06:12 PM)
doesn't look like any progress at all?? Pity buyers paying progressive interest..
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Yup i stay nearby and i can say almost no progress now...not sure what is the reason.
cy91
post Apr 11 2022, 09:06 PM

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QUOTE(westthen @ Apr 11 2022, 03:00 PM)
Yup i stay nearby and i can say almost no progress now...not sure what is the reason.
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Boustead run out of money?
BoonieTan
post Apr 11 2022, 10:20 PM

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Doesn't they have a bulk purchase and land sale going on circa 2020, it would be a surprise if they didn't raise enough capital to continue. Considering that the Developer is a big name GLC backed entity.
vinceleo
post Apr 12 2022, 07:26 AM

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Not surprising for developer to end up having $$$$ challenging despite reporting good sales, land sales sum might not pump into this project instead to settle other debt or priority as determine by holdings

QUOTE(BoonieTan @ Apr 11 2022, 10:20 PM)
Doesn't they have a bulk purchase and land sale going on circa 2020, it would be a surprise if they didn't raise enough capital to continue. Considering that the Developer is a big name GLC backed entity.
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jetzxp
post Apr 12 2022, 09:06 AM

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No wonder this project was categorized as "Projek Sakit"...
zack.gap
post Apr 12 2022, 03:45 PM

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QUOTE(BoonieTan @ Apr 11 2022, 10:20 PM)
Doesn't they have a bulk purchase and land sale going on circa 2020, it would be a surprise if they didn't raise enough capital to continue. Considering that the Developer is a big name GLC backed entity.
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lol I still remember got all sorts of sales agents promoting bulk purchase for this project. Justified the stupidly expensive purchase cost on 'huge' rental return of nearby projects.

All go fly kite long time ago edi while buyers have to bear progressive cost.
Jagalat
post Apr 12 2022, 06:08 PM

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One of the bulk purchase groups should not be quoted. That's all. I zip.
theballer
post Apr 12 2022, 08:20 PM

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QUOTE(zack.gap @ Apr 10 2022, 06:12 PM)
doesn't look like any progress at all?? Pity buyers paying progressive interest..
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Was taken last Sunday, just hope it will continue soon for the buyers
BoonieTan
post Apr 12 2022, 11:17 PM

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QUOTE(vinceleo @ Apr 12 2022, 07:26 AM)
Not surprising for developer to end up having $$$$ challenging despite reporting good sales, land sales sum might not pump into this project instead to settle other debt or priority as determine by holdings
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You make a good point. It used to be a very appealing bulk purchase deal.
vinceleo
post Apr 13 2022, 11:16 AM

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Hopefully purchasers make good use of the CB or we will see tons of unit on auction market down the road.

QUOTE(BoonieTan @ Apr 12 2022, 11:17 PM)
You make a good point. It used to be a very appealing bulk purchase deal.
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theballer
post Apr 13 2022, 02:59 PM

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Not sure why such a prime location and good developer can end up with project sakit...imagine if Sunway bought this land..
BoonieTan
post Apr 13 2022, 07:07 PM

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QUOTE(theballer @ Apr 13 2022, 02:59 PM)
Not sure why such a prime location and good developer can end up with project sakit...imagine if Sunway bought this land..
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Words on the street is that they run the biz like being financed by sugar daddy before the shit hits their parent company.
flight
post Apr 13 2022, 08:00 PM

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Boustead made rm170mil profit last year.

They have interests in plantation, which is going bananas at the moment. Dont think there r any liquidity issues.
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