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Investment EKOCHERAS @ JALAN CHERAS (Ver 3) [MRT PROPERTY], Where Cheras becomes Mont'Jiulai

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Jagalat
post Mar 16 2015, 10:52 AM

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QUOTE(mybenz @ Mar 15 2015, 05:32 PM)
Side as per model and latest  brochure.
Boss whack only la.. 250k no need think so much
*
Mybenz boss, mind to share if you have booked any hotel/office unit lately? nod.gif



HELLO HELLO
post Mar 16 2015, 11:07 AM

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QUOTE(tetsu @ Mar 16 2015, 10:40 AM)
Booked a bare unit yesterday. Price after discount around 230k.

Since its a hotel suite, short term rentals (AirBnB style) are probably allowed?
*
Bare Unit for hotel suite?! be careful loh.... manyak manyak hidden costs.
when u tot u earn profit+extra. at the end all you earn dump back to hotel management for all kind of reason and upgrade. unlucky 1 sometimes need to puke out more cash.

my friend kena kaw kaw lik. he said worst among all his props investment.

This post has been edited by HELLO HELLO: Mar 16 2015, 11:09 AM
tetsu
post Mar 16 2015, 11:15 AM

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QUOTE(HELLO HELLO @ Mar 16 2015, 11:07 AM)
Bare Unit for hotel suite?! be careful loh.... manyak manyak hidden costs.
when u tot u earn profit+extra. at the end all you earn dump back to hotel management for all kind of reason and upgrade. unlucky 1 sometimes need to puke out more cash.

my friend kena kaw kaw lik. he said worst among all his props investment.
*
Lol thanks. Will definitely check with the sales staff on the above concerns.

mybenz
post Mar 16 2015, 11:16 AM

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QUOTE(HELLO HELLO @ Mar 16 2015, 11:07 AM)
Bare Unit for hotel suite?! be careful loh.... manyak manyak hidden costs.
when u tot u earn profit+extra. at the end all you earn dump back to hotel management for all kind of reason and upgrade. unlucky 1 sometimes need to puke out more cash.

my friend kena kaw kaw lik. he said worst among all his props investment.
*
what kind of hidden cost? mind to share?
bare unit is self managed. only cost is the maintenance fee 0.5/sf
more like normal service apartment cost.
HELLO HELLO
post Mar 16 2015, 11:32 AM

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QUOTE(mybenz @ Mar 16 2015, 11:16 AM)
what kind of hidden cost? mind to share?
bare unit is self managed. only cost is the maintenance fee 0.5/sf
more like normal service apartment cost.
*
self managed hotel!? boleh jalan keh? since is hotel suite.
i think still need a control center to provide room service etc etc. changing this and that.
macam bed sheet, rubbish, bath towel, hand towel, foot towel etc. tedious small little things.

later manyak owners or maids need to run in and out everyday due to very very short terms stay.
macam 1-2 days.

This post has been edited by HELLO HELLO: Mar 16 2015, 11:33 AM
restful increase
post Mar 16 2015, 11:48 AM

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e&o launched 1st block in penang tanjung bungah TAMARIND and all sold..
restful increase
post Mar 16 2015, 11:51 AM

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QUOTE(HELLO HELLO @ Mar 16 2015, 11:32 AM)
self managed hotel!? boleh jalan keh? since is hotel suite.
i think still need a control center to provide room service etc etc. changing this and that.
macam bed sheet, rubbish, bath towel, hand towel, foot towel etc. tedious small little things.

later manyak owners or maids need to run in and out everyday due to very very short terms stay.
macam 1-2 days.
*
normally hotel rooms should come with standardised fitting so that they hv a standardised look. so u may want to find out how much additional u have to pay to get all d fittings in.
restful increase
post Mar 16 2015, 11:52 AM

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QUOTE(HELLO HELLO @ Mar 16 2015, 11:32 AM)
self managed hotel!? boleh jalan keh? since is hotel suite.
i think still need a control center to provide room service etc etc. changing this and that.
macam bed sheet, rubbish, bath towel, hand towel, foot towel etc. tedious small little things.

later manyak owners or maids need to run in and out everyday due to very very short terms stay.
macam 1-2 days.
*
normally hotel rooms should come with standardised fitting so that they hv a standardised look. so u may want to find out how much additional u have to pay to get all d fittings in.
restful increase
post Mar 16 2015, 11:56 AM

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QUOTE(Jagalat @ Mar 15 2015, 06:42 PM)
Compare the level of the retaining wall vs the liwest crane in the middle. The crane is about one floor lower than the wall. This is one of the the lowest points of the site. (Resolution too low to reflect the the actual contour difference)

user posted image
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Jagalat-kor, the construction progress seems slow considering we signed the S&P end of 2013..
restful increase
post Mar 16 2015, 11:59 AM

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QUOTE(Jagalat @ Mar 15 2015, 06:42 PM)
Compare the level of the retaining wall vs the liwest crane in the middle. The crane is about one floor lower than the wall. This is one of the the lowest points of the site. (Resolution too low to reflect the the actual contour difference)

user posted image
*
Jagalat-kor, the construction progress seems slow considering we signed the S&P end of 2013..
restful increase
post Mar 16 2015, 12:12 PM

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QUOTE(Jagalat @ Mar 15 2015, 06:42 PM)
Compare the level of the retaining wall vs the liwest crane in the middle. The crane is about one floor lower than the wall. This is one of the the lowest points of the site. (Resolution too low to reflect the the actual contour difference)

user posted image
*
Jagalat-kor, the construction progress seems slow considering we signed the S&P end of 2013..
mybenz
post Mar 16 2015, 01:29 PM

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QUOTE(HELLO HELLO @ Mar 16 2015, 11:32 AM)
self managed hotel!? boleh jalan keh? since is hotel suite.
i think still need a control center to provide room service etc etc. changing this and that.
macam bed sheet, rubbish, bath towel, hand towel, foot towel etc. tedious small little things.

later manyak owners or maids need to run in and out everyday due to very very short terms stay.
macam 1-2 days.
*
This one is hybrid .
those non GRR can use as service apartment type. Internal furnishing up to own.
Strata title. as usual others rulez governed by DMC maybe

for those services, can engage the management co if at the end of the day decided to do airbnb style.
or you can engage 3rd party external cleaning service.
Is totally up to you.
You want to rent out like a unit like 2 years contract or airbnb style and engage your own cleaning agency for daily , weekly, monthly etc

or you engage ekovest asset management team to do for u.

this hybrid concept is new to me too
mybenz
post Mar 16 2015, 01:31 PM

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QUOTE(restful increase @ Mar 16 2015, 11:51 AM)
normally hotel rooms should come with standardised fitting so that they hv a standardised look. so u may want to find out how much additional u have to pay to get all d fittings in.
*
yup i am sure they have lot of rules to control on standadization,
takkan suddenly one owner put a grilled out side and some owner put colour window
i am not sure on the dmc
maybe for interior id etc they might want to control as in all reno only can go with the appointed agency etc

thus the package is vague and all this is a question mark!

This post has been edited by mybenz: Mar 16 2015, 01:31 PM
samkps
post Mar 16 2015, 01:36 PM

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QUOTE(Jagalat @ Mar 15 2015, 06:38 PM)
Photo taken 3 hrs ago.. Managed to snake in to the site from the back(near convent)
Noticed the retained wall structure with the piles.
Noticed also the is a ladder (big zoom) to one of the middle house, as worker's hostel. 

user posted image
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Wow, SOHO units have been launched since Sep 2013.. Now already March 2015 (1.5 years gone), seems like still don't have any progress? shocking.gif shocking.gif

Another 2.5 years till completion, right? When's the SPA signing date? hmm.gif

This post has been edited by samkps: Mar 16 2015, 01:38 PM
CMW123
post Mar 16 2015, 01:39 PM

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QUOTE(tetsu @ Mar 16 2015, 10:40 AM)
Booked a bare unit yesterday. Price after discount around 230k.

Since its a hotel suite, short term rentals (AirBnB style) are probably allowed?
*
How will u self managed? Need to take reservation, collect deposit & room nights, provide key to customer when they check in or arrive, housekeeping, check room in order after check out, issue invoice and receipt for payment, refund deposit??
CMW123
post Mar 16 2015, 01:41 PM

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QUOTE(restful increase @ Mar 16 2015, 12:12 PM)
Jagalat-kor, the construction progress seems slow considering we signed the S&P end of 2013..
*
Bro, this is very very slow. Any insider news why they have not go full blast on the construction?

Cannot be no funding under Ekovest, right? Thought they already charged the project land for bridging financing
CMW123
post Mar 16 2015, 01:44 PM

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QUOTE(samkps @ Mar 16 2015, 01:36 PM)
Wow, SOHO units have been launched since Sep 2013.. Now already March 2015 (1.5 years gone), seems like still don't have any progress?  shocking.gif  shocking.gif

Another 2.5 years till completion, right? When's the SPA signing date?  hmm.gif
*
First SPA in Dec 2013. LAD will start from Jan 2018
CMW123
post Mar 16 2015, 01:45 PM

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QUOTE(mybenz @ Mar 16 2015, 01:31 PM)
yup i am sure they have lot of rules to control on standadization,
takkan suddenly one owner put a grilled out side and some owner put colour window
i am not sure on the dmc
maybe for interior id etc they might want to control as in all reno only can go with the appointed agency etc

thus the package is vague and all this is a question mark!
*
Many many question marks- ??? rclxub.gif
CMW123
post Mar 16 2015, 01:49 PM

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QUOTE(mybenz @ Mar 16 2015, 01:29 PM)
This one is hybrid .
those non GRR can use as service apartment type. Internal furnishing up to own.
Strata title. as usual others rulez governed by DMC maybe

for those services, can engage the management co if at the end of the day decided to do airbnb style.
or you can engage 3rd party external cleaning service.
Is totally up to you.
You want to rent out like a unit like 2 years contract or airbnb style and engage your own cleaning agency for daily , weekly, monthly etc

or you engage ekovest asset management team to do for u.

this hybrid concept is new to me too
*
Never heard of hybrid concept...normally have to be compulsory lease back to the developer/hotel operator. Purchaser should also sign Power of Attorney back to developer/hotel operator so that they can vote for 100% of the units at the AGM.

If later number of votes of those who bought bare unit are more than those furnished units, they can veto any decision of the hotel management then jialat loh...
Jagalat
post Mar 16 2015, 02:17 PM

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QUOTE(Babizz @ Mar 14 2015, 06:43 PM)
did u not buy it cos of d uncertainty in the hotel incl cn buy fr ownstay n wht not?
*
The bare-unit package that will not be "taken care" by operator and no car park is my two main concerns.
JMHO, the best scenario to me is all buyers go for the fully furnished package and lease back.
But not sure if the ROI is attractive to buyers

Other daikors/bosses pls don't take me wrong, I hope the hotel units all sold out and buyers opt for fully furnished packages.
This indicates again EKC is really ONG!!!



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