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Investment EKOCHERAS @ JALAN CHERAS (Ver 2) [MRT PROPERTY], Where Cheras becomes Mont'Jiulai
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restful increase
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Jan 7 2014, 09:13 AM
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QUOTE(Garmin_GPS @ Jan 6 2014, 11:25 PM) do you guys think ekocheras could match the price level of tropicana city mall residence? The condo blocks sitting on top of tropicana hv mostly tripled in price since their launching prive n they r not even close to the mrt / lrt. Even apts on top of pavillion in kl city has more than doubled in price. If ekomall. Is well managed with gpod tenant mix, n connected 2 mrt, what do other taikors think?
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llim.kings
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Jan 7 2014, 09:33 AM
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Getting Started

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Hotel ? plenty of so call hotel in cheras...ie Cheras Central, VIVA mall...none of them operated by branded hotel chain...end up being a budget hostel...
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CMW123
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Jan 7 2014, 09:54 AM
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Tropics fully furnished now transacting at around RM600k for a 625 sf unit, that is RM960psf...if you take out RM30k to match with the current Block E studio furnishing, that would be RM570k or RM910psf. So the very high floor Ekocheras studio pricing with DIBS are alredi not too far away...
Comparing with Block E studio, the main advantage of Tropics is that the 625 sf comes with 1+1 room AND 2 bathroom! The second room is big enough to fit in a single bed and tiny study table, has one window...
Many tenants are renting with 3 person staying (1 couple + 1 child, 1 couple + 1 senior, 2 senior + 1 maid, 2 senior + 1 for visiting child etc) so they willing to pay RM2500 to RM3000 to also enjoy the convenience of the mall. No mrt or lrt but free shuttle bus to lrt station provided by the mall
Hence I foresee the very high floor at Block E will not be easy to find buyers...
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CMW123
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Jan 7 2014, 09:58 AM
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QUOTE(llim.kings @ Jan 7 2014, 09:33 AM) Hotel ? plenty of so call hotel in cheras...ie Cheras Central, VIVA mall...none of them operated by branded hotel chain...end up being a budget hostel... So Ekovest really need to get a branded hotel operator to stand out especially since this hotel will be next to the tallest building in Cheras...
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CaptainCool
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Jan 7 2014, 10:00 AM
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actually the thing that concern me the most is how good actually is the mrt.... if it's still similar to lrt, then i think it's bad, that most ppl who are of the average or above average income wouldn't use if they can afford to drive. on the other hand, if it's on par to the sg's mrt or of those in europe, then it would be a different game altogether....that's a big question mark for me.
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miCOD911
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Jan 7 2014, 10:08 AM
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New Member
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Dear all taikos, is DIBS still applicable for this project?, if not what kind of discounts they are offering now.?
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CaptainCool
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Jan 7 2014, 10:13 AM
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QUOTE(miCOD911 @ Jan 7 2014, 10:08 AM) Dear all taikos, is DIBS still applicable for this project?, if not what kind of discounts they are offering now.? dibs or 7% discount. not sure whether dibs still applicable after 2013 or not.
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Jagalat
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Jan 7 2014, 10:56 AM
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QUOTE(llim.kings @ Jan 7 2014, 10:33 AM) Hotel ? plenty of so call hotel in cheras...ie Cheras Central, VIVA mall...none of them operated by branded hotel chain...end up being a budget hostel... Hello llim.kings boss, plan to invest in EkoCheras too?
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miCOD911
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Jan 7 2014, 12:09 PM
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New Member
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QUOTE(CaptainCool @ Jan 7 2014, 10:13 AM) dibs or 7% discount. not sure whether dibs still applicable after 2013 or not. Dropped by their office just now, not offering any discounts as per the SA, just free SPA and loan fee, stamp duty on own self. 1100 sf going at RM 900K++ (but no discount, how leh?)
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Jagalat
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Jan 7 2014, 01:01 PM
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QUOTE(miCOD911 @ Jan 7 2014, 01:09 PM) Dropped by their office just now, not offering any discounts as per the SA, just free SPA and loan fee, stamp duty on own self. 1100 sf going at RM 900K++ (but no discount, how leh?)  Not interested in there small units?
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miCOD911
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Jan 7 2014, 01:58 PM
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New Member
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QUOTE(Jagalat @ Jan 7 2014, 01:01 PM) Not interested in there small units? Too small bro..only 1 bedroom..not looking for investment..
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ecin
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Jan 7 2014, 02:18 PM
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QUOTE(miCOD911 @ Jan 7 2014, 12:09 PM) Dropped by their office just now, not offering any discounts as per the SA, just free SPA and loan fee, stamp duty on own self. 1100 sf going at RM 900K++ (but no discount, how leh?)  DIBS confirmed can't do anymore .. the 7% (give up DIBS) also no more?
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Jagalat
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Jan 7 2014, 02:25 PM
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QUOTE(miCOD911 @ Jan 7 2014, 02:58 PM) Too small bro..only 1 bedroom..not looking for investment.. One bedroom can target couple market....not interested?
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miCOD911
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Jan 7 2014, 02:28 PM
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New Member
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QUOTE(ecin @ Jan 7 2014, 02:18 PM) DIBS confirmed can't do anymore .. the 7% (give up DIBS) also no more? Nope..they say selling by nett price wor...but not sure whether they are lying or not la...maybe thought i was doing market survey
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miCOD911
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Jan 7 2014, 02:29 PM
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New Member
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QUOTE(Jagalat @ Jan 7 2014, 02:25 PM) One bedroom can target couple market....not interested? No bro..just not my cup of tea...thanks for the concern anyway
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ecin
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Jan 7 2014, 02:34 PM
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QUOTE(miCOD911 @ Jan 7 2014, 02:28 PM) Nope..they say selling by nett price wor...but not sure whether they are lying or not la...maybe thought i was doing market survey I c, then probably they took off the early birds discount already, I not surprised, this is how developers units market works .. and since Blk N very likely not going to launch any longer, and currently with such limited units, that's normal move of any developer
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Jagalat
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Jan 7 2014, 05:08 PM
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Since BlkN are mostly with 2 bedrooms and if it becomes a hotel, those units with at least 2 rooms from BlkJ,H&E are good bet.
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soon9913
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Jan 7 2014, 05:16 PM
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QUOTE(Jagalat @ Jan 7 2014, 05:08 PM) Since BlkN are mostly with 2 bedrooms and if it becomes a hotel, those units with at least 2 rooms from BlkJ,H&E are good bet. Good idea. Convert to business suite to get better income.
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CaptainCool
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Jan 7 2014, 05:33 PM
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QUOTE(miCOD911 @ Jan 7 2014, 02:28 PM) Nope..they say selling by nett price wor...but not sure whether they are lying or not la...maybe thought i was doing market survey Pls wait for restful gor to confirm.i believe they should still have the either dibs or 7% discount.
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restful increase
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Jan 7 2014, 06:24 PM
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QUOTE(soon9913 @ Jan 6 2014, 09:28 AM) Restful goh, How about the Cheers Palace restaurant & furniture shops there? Whether will be dismantling soon?... The restaurant will shift out after cny, followed by rest of the shops. Machines are already on the site. By the time they clear the ground excavate 3 levels for the basement carpark, it could be dec 2014 n dats when u will b billed ur second 10%.
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