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

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nda1219
post Apr 5 2015, 12:25 PM

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What is the theory behind?

There are many residential project along mainroad eg. Jalan Tun Razak,J.Ampang, Federal Highway and massive OKR all selling like hotcakes. smile.gif.
Along LDP and Persiaran Surian there are lots condominium and service apartments at road site also tongue.gif



QUOTE(Iam Power @ Apr 5 2015, 10:43 AM)
Not many people would like to stay in front of a main road, particularly jalan cheras..
keep your hopes up but dont be too overconfident..
i bet most buyers are investors..
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Iam Power
post Apr 5 2015, 01:08 PM

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QUOTE(nda1219 @ Apr 5 2015, 12:25 PM)
What is the theory behind?

There are many residential project along mainroad eg. Jalan Tun Razak,J.Ampang, Federal Highway and massive OKR all selling like hotcakes. smile.gif.
Along LDP and Persiaran Surian there are lots condominium and service apartments at road site also tongue.gif
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Selling like hotcakes doesnt mean guaranteed rental one geh...
HELLO HELLO
post Apr 5 2015, 01:12 PM

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High Chansi manyak stay rent at wangsa maju near Sri rampai station will relocate here in future. Due to the areas not much cina food.. Not much western pork food for them n too malai. Their budget average 3k a month. 3 years contract. Under international big firm.

This post has been edited by HELLO HELLO: Apr 5 2015, 02:27 PM
LTG
post Apr 5 2015, 01:39 PM

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QUOTE(Iam Power @ Apr 5 2015, 10:43 AM)
Not many people would like to stay in front of a main road, particularly jalan cheras..
keep your hopes up but dont be too overconfident..
i bet most buyers are investors..
*
when u stay in cheras mahkota , you will know how good stay beside main road,
coz very day morning from small road to reach main road take about 45 minute ~ even 1 -2km ~
HarpArtist
post Apr 5 2015, 03:55 PM

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i think those ppl stay here will do their best to take advantage of the mrt and refrain from driving. biggrin.gif I hope so, or the MRT will be underutilized and redundant.
Jagalat
post Apr 5 2015, 06:16 PM

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Taken around 5:30pm just now (after rain). No flood seen at the site.
Here is an overall view of BlkJ/office's site.

user posted image
Jagalat
post Apr 5 2015, 06:18 PM

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Zoom, the lowest point behind the crane.

user posted image
Jagalat
post Apr 5 2015, 06:21 PM

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Further zoom, do you see the worker in yellow boots?
I let you guess the deepth ...me have no answer... (but l believe it is deeper than the photos taken 3 weeks ago)

user posted image
mybenz
post Apr 5 2015, 10:43 PM

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Other then just digging, they have to take care of the surrounding terrain, concentrating more on the slope behind the hill.. Before dig deeper...

How's mapex?

This post has been edited by mybenz: Apr 5 2015, 10:48 PM
propertybbb
post Apr 6 2015, 12:57 AM

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Will take forever...5yrs min if not 6.
mybenz
post Apr 6 2015, 01:03 AM

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The multiple storey dbkl public car construction is pretty fast instead... Already few storey high..
CMW123
post Apr 6 2015, 10:25 AM

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Leisure Mall was jam packed yesterday afternoon during the heavy rain, they closed all the carpark entrance and ask cars to park at Cheras Plaza

Ended up at Cheras Sentral....which to begin with, the air cond was so stuffy...
Iam Power
post Apr 6 2015, 10:28 AM

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QUOTE(CMW123 @ Apr 6 2015, 10:25 AM)
Leisure Mall was jam packed yesterday afternoon during the heavy rain, they closed all the carpark entrance and ask cars to park at Cheras Plaza

Ended up at Cheras Sentral....which to begin with, the air cond was so stuffy...
*
Cheras Sentral might turn things around after the MRT completed
Jagalat
post Apr 6 2015, 10:56 AM

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QUOTE(Mrmr @ Apr 5 2015, 08:38 AM)
What is ppb? Thx
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About PPB...
http://www.ppbgroup.com/our-businesses/cinema-operations.php
http://www.thestar.com.my/Story/?file=%2F2...ness%2F10881956


Just side note...
Earlier this year, when I spoke to a SA about my preference of having GSC to EkoMall, she said that she can feedback this info to the team that works on this project(who??).
I interpret that EKC buyers can feedback your preference to them so that they can get a better overall input.
I do not expect they will review/implement all wishes, but buyers at least have a shot.
propusers
post Apr 6 2015, 11:57 AM

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This post has been edited by propusers: Apr 6 2015, 11:58 AM
restful increase
post Apr 7 2015, 03:07 PM

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QUOTE(nda1219 @ Apr 5 2015, 12:25 PM)
What is the theory behind?

There are many residential project along mainroad eg. Jalan Tun Razak,J.Ampang, Federal Highway and massive OKR all selling like hotcakes. smile.gif.
Along LDP and Persiaran Surian there are lots condominium and service apartments at road site also tongue.gif
*
The recently completed soho Eve Suite at ara damansara is located right in front of damansara-puchong highway and all the units were sold. now recently VPed, my friend already rented his highway facing units (2 units) within a month. it didnt stop the rental interest despite d units directly facing d highway and this also came as a surprise 2 me.
Jagalat
post Apr 7 2015, 06:56 PM

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QUOTE(nda1219 @ Apr 5 2015, 08:59 AM)
Good one as directors also committed personally on this project
Ekovest's unit sells hotel, office suites to directors and their linked companies
By Meena Lakshana / theedgemarkets.com   | April 1, 2015 : 8:08 PM MYT   

KUALA LUMPUR (April 1): Ekovest Capital Sdn Bhd (Ekovest Cap), a wholly-owned subsidiary of Ekovest Bhd (Ekovest), has sold hotel and office suites in its EkoCheras development worth RM17.32 million to Ekovest Bhd directors and their linked companies.

In a filing to the local bourse today, Ekovest (fundamental: 1.5; valuation: 2.4) said the purchasers are executive director Lim Hoe, her son and fellow director Wong Kai Shang, director Dr Wong Kai Fatt, shareholder Lim Seong Hai Holdings Sdn Bhd and Sabriland Sdn Bhd.

Ekovest director Datuk Lim Keng Cheng is a major shareholder of Lim Seong Hai Holdings Sdn Bhd, while Ekovest director Lim Hoe is also a director and major shareholder of Sabriland Sdn Bhd.

Lim Hoe is also a sibling to Tan Sri Lim Kang Hoo, who is a major shareholder of Ekovest.

“As a property developer, the sale of hotel suites and office suites in the EkoCheras development is in the ordinary course of business of EkoCap.

“Further[more], it is also carried out at arm’s length and based on commercial terms not more favourable than those available to the general public and non-related party purchaser,” the filing stated.

Ekovest shares closed unchanged at RM1.08, with a market capitalisation of RM923.88 million.  
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For those who are interested to read the written details, here is the link
http://announcements.bursamalaysia.com/EDM...0&%20Office.pdf
restful increase
post Apr 8 2015, 10:12 PM

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we were made to understand a renown UK based property management company Savills group was engaged by Ekovest to run the 1 million sq ft Ekocheras mall. With their expertise Ekovest hopes to get the mall well runned & tenanted, coupled with 12 cineplexes and they r proposing a food court that will attract the best street hawkers to start their operations at the EkoCheras Mall.
restful increase
post Apr 8 2015, 10:14 PM

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Ekocheras also allocating 4,300 carparks to cater for residents, office and mall patrons.
Jagalat
post Apr 8 2015, 10:24 PM

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Wow.. ls this UK-based Saville related to the MKH?
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