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Investment EKOCHERAS @ JALAN CHERAS (Ver 2) [MRT PROPERTY], Where Cheras becomes Mont'Jiulai

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pepper99
post Dec 16 2013, 10:40 PM

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Wowwww.. so shiok lehh thank u for the info !!!!
neonikson1
post Dec 17 2013, 12:58 AM

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QUOTE(Jagalat @ Dec 16 2013, 09:52 AM)
It is recommended to give the EkoChera SA a call should you need their clarification/further details.

If you read Chinese, here is a reference article for you to choose which "apple"
http://property.sinchew.com.my/node/2340

Hope to see you deciding to join us.
Good luck.
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EkoCheras indeed hit the jack pot! Bingo!
neonikson1
post Dec 17 2013, 01:01 AM

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QUOTE(superpigchan @ Dec 16 2013, 06:29 PM)
Signed SPA today, some sharing:
1. Only units on level 2 for block J, H and E are recalled
2. The re-designed mall contains air-con covered mall and non aircon street mall ( I like this concept a lot)
3. cineplex located in between tower H and E, above the 2-level shopping mall
4. 48 months contruction period is calculated from the date of signing SPA, not building plan approval date.
5. Liability period is 24 months after VP
6. still pending whether convert Tower N to hotel
7. the fund drawdown is upon "Completion" but not "commencement" of stages, it is a very good news for those who go for non-DIBS,
the 2nd 10% will be drawdown upon the completion of the fundamental and the 3rd 15% is the COMPLETION upon the structure construction of your parcel,
means 2nd 10% should be somewhere end of next year and 3rd 15% even somewhere in year 2015 coz they need to complete the mall first...very good...
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+1000
neonikson1
post Dec 17 2013, 01:05 AM

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QUOTE(Jagalat @ Dec 16 2013, 04:58 PM)
Analyst: GST, property bubble point to recession by 2016

English: http://www.malaysiakini.com/news/249473
BM: http://www.malaysiakini.com/news/249444

Any comment from all taikors here?
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I believe the property market will slow down for the next 2-4 years and it will pick up again.

Recently transacted an office, the seller is rushing to sell before end of the year. Managed to push the price to below market rate! rclxms.gif rclxms.gif rclxms.gif

Anything after 2013 should expect to hold for 6 years... holding power put to the test!!! shakehead.gif shakehead.gif
mybenz
post Dec 17 2013, 01:17 AM

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QUOTE(neonikson1 @ Dec 17 2013, 01:05 AM)
I believe the property market will slow down for the next 2-4 years and it will pick up again.

Recently transacted an office, the seller is rushing to sell before end of the year. Managed to push the price to below market rate!  rclxms.gif  rclxms.gif  rclxms.gif

Anything after 2013 should expect to hold for 6 years... holding power put to the test!!! shakehead.gif  shakehead.gif
*
which office la?

slow down?
ekocheras got slow down or not? icon_question.gif
mybenz
post Dec 17 2013, 01:21 AM

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QUOTE(Jagalat @ Dec 16 2013, 09:52 AM)
It is recommended to give the EkoChera SA a call should you need their clarification/further details.

If you read Chinese, here is a reference article for you to choose which "apple"
http://property.sinchew.com.my/node/2340

Hope to see you deciding to join us.
Good luck.
*
From Google Translate

Before we buy houses , several points must be locked , comprehensive views of the industry , the following is a local market to buy real estate, five major points to be valued .

( A ) close to the political and economic center

A country's political and economic center , is to show the commercial viability , economic strength and cultural characteristics of the city , where real estate prices higher than the average level , the implementation of urbanization, globalization, economic restructuring, plans , each industry will push prices higher . These falls near the center of the industrial Ruozuo are generally ideal location , the city government will take care of all the basic facilities here , including landscaping .

(B ) within 10 minutes walking distance to MRT

In the world's major cities , where there is rapid transit , light rail through the region , prices almost always rise, MRT topic after fermentation then "up" sound, but also the selection of locally produced home near MRT house , not only out conveniently , you can also add points to the potential of the industry !

© There are large shopping malls near

If the industry is located near a large shopping mall , can be indicators of high prices , the strong spending power rates will underpin efforts to KLCC in Kuala Lumpur , there are many major shopping malls nearby industries, gains are considerable, tens of international brands gather meter mall , rich consumer functions, meet the fashion trends, are casual , exotic food cravings is a gathering place for tourists , in addition to drive economic growth , also contributed to higher prices .

(D ) the beautiful surrounding landscape

Residential has a price , landscape priceless , with indicators residential landscape is the first choice of home production . U.S. Central Park international , French and Luxembourg Park , England Hyde Park , the surrounding high prices , buy luck , money does not necessarily buy ! In China, foreign investors set production targets , the preferred is KLCC vicinity of the industry, the real estate landscape of Kuala Lumpur Tower , the condition is a powerful value-added industry in the future .

(V ) industrial construction company a good reputation

Buy a new house , the most important thing is to ensure the timely delivery housing developers , before the selection of housing developers, must you go to learn about cross- estate developers records , such as real estate does not shelved plans to pay estate records without delay cross- house quality reputation and so on. ( Sin Chew Daily / Investment Real Estate Notes ‧ ‧ rich text : Zheng Bie )
mybenz
post Dec 17 2013, 01:24 AM

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QUOTE(superpigchan @ Dec 16 2013, 04:54 PM)
Captain Kor, point #4 is saying "with a nice and relax environment " wo...ekocheras...hmm...is a kinda urban lifestyle wo...
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got la from developer website mentioned

Linear Park

Our Linear Park running parallel to Jalan Cheras is lined with greenery, presenting a lush and pleasing facade to the development. This Park will ensure that whatever your purpose in EkoCheras, you are surrounded by nature to relax you. rclxms.gif rclxms.gif

and Roof Garden leh EkoGarden!!
restful increase
post Dec 17 2013, 01:25 AM

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QUOTE(neonikson1 @ Dec 17 2013, 01:05 AM)
I believe the property market will slow down for the next 2-4 years and it will pick up again.

Recently transacted an office, the seller is rushing to sell before end of the year. Managed to push the price to below market rate!  rclxms.gif  rclxms.gif  rclxms.gif

Anything after 2013 should expect to hold for 6 years... holding power put to the test!!! shakehead.gif  shakehead.gif
*
Thr r thousands of condo n apartment units coming onstream by 3rd n 4th quarter 2014. VP will be given to investors n speculators alike for doz thousands of residential highrise units. These units all enjoyed 90% financing during the heydays whr banks still loan u 90% LTV for ur 10th property. Many units were bought were with v little equity as developers gave 7 to 10% rebates with DIBS. Once these units r given VP n full mortgage installments kick in the many speculators r not able to hold on as they dont hv d cashflow 2 do so. U will see many units "dumped" below mrk value to clear their stocks in d face of potential mortgage defaults & bankcruptcy. Question is how fast can the mrk absorb all these thousands of units dumped by the speculators end of next year?
restful increase
post Dec 17 2013, 01:38 AM

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When blk N gets converted 2 hotel thr will b a grand n big entrance 4 hotel guest to enter ekohotel via jln cheras thru a road running thru the mall In between block j & h. Visitors will see big signages on eko hotel fr the jln cheras main road. So though hotel is hidden signages are bug n clear along jln cheras in front of d project..
Jagalat
post Dec 17 2013, 12:43 PM

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QUOTE(restful increase @ Dec 17 2013, 02:25 AM)
Thr r thousands of condo n apartment units coming onstream by 3rd n 4th quarter 2014. VP will be given to investors n speculators alike for doz thousands of residential highrise units. These units all enjoyed 90% financing during the heydays whr banks still loan u 90% LTV for ur 10th property. Many units were bought were with v little equity as developers gave 7 to 10% rebates with DIBS. Once these units r given VP n full mortgage installments kick in the many speculators r not able to hold on as they dont hv d cashflow 2 do so. U will see many units "dumped" below mrk value to clear their stocks in d face of potential mortgage defaults & bankcruptcy. Question is how fast can the mrk absorb all these thousands of units dumped by the speculators end of next year?
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Hello Restful boss, would you like to share which area or project has significant "dumped" units? Thx
neonikson1
post Dec 17 2013, 01:00 PM

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QUOTE(mybenz @ Dec 17 2013, 01:17 AM)
which office la?

slow down?
ekocheras got slow down or not? icon_question.gif
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Near ampang park. Very much slow down, owner dumping before end of the year to avoid 5% RPGT.
owllim
post Dec 17 2013, 03:03 PM

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hi guys may i know which lawyer firm ekocheras uses for S&P?
beautiful.life
post Dec 17 2013, 05:00 PM

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I am going to sign my snp this week too. If I go for non DIBS, how much money I need to pay more??? 3% of the property price - RM10K ?? And how about other charges for the lawyer???
superpigchan
post Dec 17 2013, 05:14 PM

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QUOTE(beautiful.life @ Dec 17 2013, 05:00 PM)
I am going to sign my snp this week too. If I go for non DIBS, how much money I need to pay more???  3% of the property price - RM10K ??  And how about other charges for the lawyer???
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Only 2 fees you need to pay:
1. 3% of the purchase price then deduct 10K booking fees, can swipe credit card
2. if you sign loan agreement together, then you need to pay loan agreement stamp duty, which is 0.5% of your loan amount, need to issue cheque to the solicitor of the loan agrement.

That's all, developer absorbs all other fees even include the disbursement fees.
CMW123
post Dec 17 2013, 05:31 PM

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So nice of them to accept credit card as remember during the Nanyang property fair at Sunway they refused to accept my booking with credit card. This is opposite of other developer's practice

Also very nice of them to absorb all the disbursement... smile.gif
Jagalat
post Dec 17 2013, 06:07 PM

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I will have to sign tomorrow afternoon, else miss the DIBS...
superpigchan
post Dec 17 2013, 06:18 PM

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QUOTE(CMW123 @ Dec 17 2013, 05:31 PM)
So nice of them to accept credit card as remember during the Nanyang property fair at Sunway they refused to accept my booking with credit card. This is opposite of other developer's practice

Also very nice of them to absorb all the disbursement... smile.gif
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I think is because they don't have the mobile credit card machine during the fair gua...or because it is just booking, the 10K cheque was not banked in immediately until they obtain the permit, just swiped card during that time is considered valid transaction already wo...
ecin
post Dec 17 2013, 06:53 PM

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QUOTE(superpigchan @ Dec 17 2013, 05:14 PM)
Only 2 fees you need to pay:
1. 3% of the purchase price then deduct 10K booking fees, can swipe credit card
2. if you sign loan agreement together, then you need to pay loan agreement stamp duty, which is 0.5% of your loan amount, need to issue cheque to the solicitor of the loan agrement.

That's all, developer absorbs all other fees even include the disbursement fees.
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what about the Loan Legal Fee? Is it also absorb by Ekovest?
superpigchan
post Dec 17 2013, 08:22 PM

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QUOTE(ecin @ Dec 17 2013, 06:53 PM)
what about the Loan Legal Fee? Is it also absorb by Ekovest?
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Yup...is absorbed by the developer also... rclxms.gif
ecin
post Dec 17 2013, 08:39 PM

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QUOTE(superpigchan @ Dec 17 2013, 08:22 PM)
Yup...is absorbed by the developer also... rclxms.gif
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thumbup.gif thx for infor

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