Let's revisit the video to celebrate opening of V2

http://www.youtube.com/watch?v=zX5YOhNRNxg

Video of Leisure Mall station

http://www.youtube.com/watch?feature=playe...d&v=Cmyts54bBS0

So MRT will be running before Ekocheras Vp...



KUALA LUMPUR: Mass Rapid Transit Corp Sdn Bhd (MRT Corp) has spent about RM4bil on the Klang Valley Mass Rapid Transit (MRT), which has reached progress rate of 28.55%.

CEO Datuk Wira Azhar Abdul Hamid said MRT Corp had raised some RM6.4bil from its sukuk issuance.

In addition, he said MRT Corp has been paying its contractors on time and has pushed its contractors to submit certificate of completion and compliance in order for them to claim payment.

“The contractors are not unhappy. They are paid on time. We have not received one complaint,” Azhar said in an update briefing on the MRT yesterday.

He estimated the cost for construction and systems for the Sungai Buloh-Kajang line project at RM23bil.

Azhar said RM3.1bil was initially expected to be spent for land acquisition cost. However, the Government saved some RM1.5bil as MRT Corp signed mutual agreement to co-exist, without acquiring some properties.

On risk of cost overrun, Azhar said it remained a concern for MRT Corp. “We monitor our risk every day. It is a daily concern for us.”

He noted that its project delivery partner, MMC-Gamuda KVMRT (T) Sdn Bhd, was also responsible for on time delivery and cost.

Azhar said he was satisfied with the progress of the 51km MRT line so far.

“We are on track to begin operation of phase one between Sungai Buloh and Semantan stations by Dec 31, 2016 and the remainder of the line from Semantan to Kajang by July 31, 2017,” he said.
Nevertheless, Azhar said he would like to see better progress of the project to “build enough buffer” in case it encountered any problem in the later stage of the project.

In total, MRT Corp has awarded 68 of the total 86 Klang Valley MRT packages.

Azhar said the remaining 18 packages has a total value of RM2bil, adding that out of the 18, five packages have been called and was currently in progress.

MRT Corp project director Marcus Karakashian said five tunnel-boring machines were currently in operation and has been performing well with good tunnelling rate.

Take pictures and show us...

Was there during lunch time...busiest booth seems to be Arte+ Ampang...mostly old launched projects...clearing stock

No Ekocheras there...haha...

Video of Pasar Rakyat station at TRX

http://www.youtube.com/watch?feature=playe...d&v=kXdbG7I7_dQ

5 stations from Leisure Mall station

http://www.theedgemalaysia.com/business-ne...-projects-.html

MD of Ekovest said "We have yet to decide when to launch the commercial properties". If have intention to own managed, the statement should read "We have yet to decide on the plans for the commercial properties" not "when to launch"

Reading between the lines and based on most developer mindset, they will sell. Managing retail is high risk venture with high holding cost

Hua Yang also said they will managed the One South Street Mall, but after all residential sold, start to sell the retail, and able to fetch higher price with sales tagline, with so many residential next to and above, the retail sure do well with captured market

Upto us which version to believe, hehe...

Any comments from all taikor?

This post has been edited by CMW123: Nov 9 2013, 11:40 AM

Boss, my bad...Captain also informed that Leng Lui SA said decided no more selling the commerical alredi

Good for Ekocheras as I also vested...they should announce which retail management company they will be appointing to boost buyer confidence

This post has been edited by CMW123: Nov 9 2013, 01:55 PM

Banker told me they using one lawyer only...sure very slow...

This is so correct, so far all the sales are only booking and sales only confirmed when the purchasers signed their SPA.

But if they stop allowing transfer of name and take back and re-offer with increased price then no flipping will be able to take place

RHB lock in period is how long? 3 years?

But since this project vp is 4 years, by the time vp, the 3 years lock in period already over unless u are under ltv 70% or plan to sell before vp. Is it correct?

Ya, the lock in period start from first drawdown

Assuming that they take one year to complete piling and the structure for your floor (low or mid floor) means still have 3 years to vp and so still within the 3 years lock in period to sell upon vp with no penalty

For a start, LRT extension delayed by a SIGNIFICANT 20%


KUALA LUMPUR, Sept 30 — The extension projects for the Kelana Jaya and Ampang LRT lines have suffered a 20 per cent delay, but the Finance Ministry told Parliament today it does not expect an increase in the original RM8 billion cost. The Finance Ministry said in a parliamentary reply to DAP’s Petaling Jaya Utara MP Tony Pua here today that as of August 30 this year, 41.5 per cent of works have been completed, compared to the original schedule of 66.3 per cent, resulting in a delay of 19.8 per cent that will push the completion date to the first quarter of 2016. “The original construction cost of the extension project for both LRT lines still remains at RM8 billion, and at this time, there is no increase in costs because the project was done through open tender in a transparent manner, full of integrity,” the Ministry of Finance said in the reply. (adsbygoogle = window.adsbygoogle || []).push({}); “The delay in the completion date is caused by problems that cropped up in construction works, like having to move cables and underground pipes before building the LRT support structures, the difficulty in getting accurate information about the location of the cables and underground pipes, as well as the change of the support structure design after taking into account the suitability and actual conditions of the land and geology of the construction sites,” it added. Last March, Prasarana suspended TRC Synergies Bhd, the contractor for the Kelana Jaya LRT extension project, after construction equipment fell off the rail track in Subang, killing a motorist and seriously injuring another. TRC Synergies’ subsidiary, Trans Resources Corporation Sdn Bhd, won the contract for the 17 km extension of the Kelana Jaya line, from the Kelana Jaya station to Putra Heights, adding another 13 stations in the rail network. Bina Puri-Tim Sekata JV was appointed to construct the 17.7 km route extension to the Ampang Line that will add another 13 stations. Upon completion, both LRT lines will meet at the Putra Heights station, creating a complete rail network in the Klang Valley. The Kelana Jaya line extension is expected to boost passenger capacity to 98,000 during peak hours, while the Ampang line extension will accommodate 79,800 passengers. The Finance Ministry said today that the delay is to enable technical problems to be solved, stressing that user safety is priority. “Currently, among the construction works being done are civil works like...the building of stations and a guideway,” it said. - See more at: http://www.themalaymailonline.com/malaysia...h.6mjMn7S8.dpuf

If your price is RM500k, 90% loan is RM450k and the 7% rebate (RM35k) is about 7.8% of the loan

If you price is RM500k, 70% loan is RM350k and the 7% rebate (RM35k) is 10% of the loan!

Since under 70% loan, the first drawdown will probably only be in second year. Assuming average 25% billing for each of the 4 years of construction, the interest estimate is

1st year = 0 interest
2nd year = RM125k*4.2%=RM5250
3rd year = RM250k*4.2% = RM10500
4th year = RM350k*4.2% = RM14700

Total interest = RM30450, still lower than the 7% rebate of RM35k

Bro, u still can get 90% meh...teach us how lah

For SOHO since 60 floors, maybe low vs high floor make a difference due to the timing in billing, maybe not much also, say 1 to 2 % difference

I think should be:

If choose DIBS you will need to pay 10% of the SPA price less the RM10k booking deposit

If no choose DIBS then pay 3% less the RM10k booking deposit

Think if SPA and loan legal fee are free then purchaser need to pay for the disbursement and the loan agreement stamp duty (which is 0.5% of the loan amount)

Those who sign, pls advise how much is the disbursement to pay

How come the bathroom for Block E studio is named as powder room? Does it not have shower?

So for this project, how many % u guess are investors (sounds nicer than flippers or speculators) and how many % own stay and why u say so?