The key answer to find out is why is the progress so slow despite the strong sale from day 1?
Investment EKOCHERAS @ JALAN CHERAS (Ver 3) [MRT PROPERTY], Where Cheras becomes Mont'Jiulai
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 May 22 2015, 10:09 PM
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3,774 posts Joined: Mar 2012 
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May 22 2015, 10:50 PM
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2,165 posts Joined: Jul 2013
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QUOTE(Jagalat @ May 22 2015, 11:04 PM) Based on what l have witnessed at the site, the progress is slow. 8% lol I am expecting LAD. l just assumed getting a 8% of "rental yield"..    |
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May 22 2015, 10:51 PM
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Junior Member
138 posts Joined: Nov 2013
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If I was the buyer I would rather hope completion on time than LAD. Not every developer can "afford" to pay, ekovest is not an established high profile player.
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May 22 2015, 10:58 PM
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5,436 posts Joined: Jan 2011
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Correct. If developer Cannot pay lad. They can Just go bankrupt. Leave their sub Sdn bhd opit empty shell. N half unfinished ekocheras there to let buyer suffer. N at the end bank come cari buyers to pay loan interest even it under dibs. Developer no more Liao. No 1 bear interest Liao. Buyer need bear Liao.
LAD May become buyer nightmare. Better they fast fast finish it. This post has been edited by HELLO HELLO: May 22 2015, 11:06 PM |
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May 22 2015, 11:06 PM
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All Stars
12,523 posts Joined: Feb 2013
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QUOTE(CMW123 @ May 22 2015, 08:09 AM) The key answer to find out is why is the progress so slow despite the strong sale from day 1? Yes many claim this is a 60 storey apartment (but is actually 28 duplex) n say piling so long but until now even the piling is not complete... Progress is very slow n everytime i zoom in the picture looks like no difference..QUOTE(HELLO HELLO @ May 22 2015, 08:58 AM) Correct. If developer Cannot pay lad. They can Just go bankrupt. Leave their sub Sdn bhd opit empty shell. N half unfinished ekocheras there to let buyer suffer. N at the end bank come cari buyers to pay loan interest even it under dibs. Developer no more Liao. No 1 bear interest Liao. Buyer need bear Liao. if economy turn sour, i think this might happen... to all future buyer, mus know how slow/dangerous it is to buy ekov project.. no signs of speeding up n too few worker/crane thr.. |
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May 22 2015, 11:14 PM
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2,663 posts Joined: Feb 2013
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Normal la..dig big hole for basement cp..took a long time.
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May 22 2015, 11:55 PM
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5,947 posts Joined: Oct 2013
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QUOTE(Babizz @ May 23 2015, 12:06 AM) Yes many claim this is a 60 storey apartment (but is actually 28 duplex) n say piling so long but until now even the piling is not complete... [b]Progress is very slow n everytime i zoom in the picture looks like no difference..[\b] Aiyo... "like no difference"....Pictures already shown more foundation spots for pillars... if economy turn sour, i think this might happen... to all future buyer, mus know how slow/dangerous it is to buy ekov project.. no signs of speeding up n too few worker/crane thr.. A slow progress is still a progress la... just that it is a little disappointed. |
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May 23 2015, 12:09 AM
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#1948
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109 posts Joined: Apr 2007
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QUOTE(soon9913 @ May 22 2015, 08:48 PM) the price appreciated min 10%.. bro soon, wow...that's a good sign i guess meaning this project have potential. price still appreciate even durng current economy difficult time. :) |
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May 23 2015, 08:25 AM
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Junior Member
267 posts Joined: Nov 2004 From: Rock Caves
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This project why so slow construction? Sign spa last year Jan 2014. Almost 15 months and belum hentam pile in yet.......high chance jadi abandon. Jb property market coming dowb. Ekovest has highest exposure in JB followed by tropicana.
Maybe not enough cash flow to pile.... |
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May 23 2015, 08:54 AM
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Senior Member
5,436 posts Joined: Jan 2011
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QUOTE(Gary @ May 23 2015, 08:25 AM) This project why so slow construction? Sign spa last year Jan 2014. Almost 15 months and belum hentam pile in yet.......high chance jadi abandon. Jb property market coming dowb. Ekovest has highest exposure in JB followed by tropicana. It is not count by when u sign spa. It is count by when the spa stamped. So should be lagi lama.Maybe not enough cash flow to pile.... This post has been edited by HELLO HELLO: May 23 2015, 08:55 AM |
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May 23 2015, 09:06 AM
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Senior Member
5,947 posts Joined: Oct 2013
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QUOTE(Gary @ May 23 2015, 09:25 AM) This project why so slow construction? Sign spa last year Jan 2014. Almost 15 months and belum hentam pile in yet.......high chance jadi abandon. Jb property market coming dowb. Ekovest has highest exposure in JB followed by tropicana. Congraz and welcome to the family. Maybe not enough cash flow to pile.... We share the same concern. Has your spa stamped? Mine was stamped Dec-2013. Speaking of pile, the piling work at the perimeter has been done. Now, from the pictures, they are in progress of foundation work. |
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May 23 2015, 10:52 AM
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Senior Member
918 posts Joined: Jan 2012
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QUOTE(Jagalat @ May 23 2015, 09:06 AM) Congraz and welcome to the family. Mine was stamped in Apr 14. Four months later than u although we bought at the same time..We share the same concern. Has your spa stamped? Mine was stamped Dec-2013. Speaking of pile, the piling work at the perimeter has been done. Now, from the pictures, they are in progress of foundation work. |
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May 23 2015, 11:19 AM
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1,428 posts Joined: Sep 2013 
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QUOTE(cteh2 @ May 23 2015, 12:09 AM) bro soon, wow...that's a good sign i guess meaning this project have potential. price still appreciate even durng current economy difficult time. this price is artificially inflated by ekocheras for s&p. it has not been tested in the free secondary mrk yet. |
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May 23 2015, 11:28 AM
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Junior Member
109 posts Joined: Apr 2007
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QUOTE(restful increase @ May 23 2015, 11:19 AM) this price is artificially inflated by ekocheras for s&p. it has not been tested in the free secondary mrk yet. Agree. Also i hear from SA there are another about 300 unit bumi lot have not release yet. :( |
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May 23 2015, 11:39 AM
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Senior Member
3,838 posts Joined: Sep 2013
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its disquieting to see the worries here, as compared to the Bbb mode during launch. i did nearly consider a unit in block e.. think it was 28-08 if there is such one? but in the end didn't... due to misgivings on the developer. especially after checking their background in iskandar.
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May 23 2015, 11:54 AM
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All Stars
12,523 posts Joined: Feb 2013
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QUOTE(Jagalat @ May 22 2015, 09:55 AM) Aiyo... "like no difference"....Pictures already shown more foundation spots for pillars... To me the point is, i know they changed from strata shop to mall but why still SO SLOW? If they are a good developer, they would speed up construction now n not look behind.. Jus shows my earlier point tht they are not capable financially.. Buyers should keep questioning them why its still slow as people are not blind..A slow progress is still a progress la... just that it is a little disappointed. |
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May 23 2015, 02:57 PM
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Senior Member
5,947 posts Joined: Oct 2013
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QUOTE(Babizz @ May 23 2015, 12:54 PM) To me the point is, i know they changed from strata shop to mall but why still SO SLOW? If they are a good developer, they would speed up construction now n not look behind.. Jus shows my earlier point tht they are not capable financially.. Buyers should keep questioning them why its still slow as people are not blind.. My previous reply is pointing out a disagreement at "like no difference" as the pictures have indicated the difference. Yes it is slow. I leave it to all to comment the developer. As for me, l choose to monitor the progress whenever possible. |
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May 23 2015, 03:25 PM
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2,165 posts Joined: Jul 2013
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Normally piling works take 20-40% of whole construction period... Correct me if I'm wrong:)
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May 23 2015, 04:02 PM
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Senior Member
5,219 posts Joined: Apr 2012
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QUOTE(cteh2 @ May 23 2015, 12:09 AM) bro soon, wow...that's a good sign i guess meaning this project have potential. price still appreciate even durng current economy difficult time. Good for early buyer, already make close to RM 100k |
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May 23 2015, 04:11 PM
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Senior Member
918 posts Joined: Jan 2012
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QUOTE(cteh2 @ May 23 2015, 11:28 AM) Agree. Let see how they priced the unreleased bumi lot..Also i hear from SA there are another about 300 unit bumi lot have not release yet.  It shall price higher than the price u bought. |
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