looking at jagalat's pix, d overall progress seems quite slow. upside is u dont need to fork ur next 10% progressive payment.

Good that we bought mrt project. It helps when prop market is slowing down.

Hopefully thr will b 8 cineplexes in d mall.

Sales was reported pretty brisk during launching. But as far as progress claims none of us hv received any notice to pay the 2nd 10% yet..

Fr d pixs posted, i dont think the 2nd 10% will be billed in mac. Will b later.

With property prices slowing down, its better ekovest completes this project end 2017 after the mrt has been commissioned, else when u wanna sell after VP, the prices may not hv appreciated..

What u said will b d best scenario. Mrt completed n running, & d mall fully tenanted. Then only the serviced residence gets completed. Then it will b quite profitable 2 flip coz mrt n mall r crowd pullers.

mkh will only release more info on d hotel sale on 14 mac.

the 2nd 10% payment has been delayed fr mac 2015 to june. the 3rd 10% will also be due Oct 2015. So for those who borrowed 70%, b ready to pay ur balance 20% this year.

all questions on the hotel sale will b answered this sat..

i m not into GRR investment. reason is ur rental is fixed. it is good for d 1st owner as ekc will probably make sure they pay enough to ngam ngam pay ur mthly mortgage payments. However if u wanna flip to the 2nd buyer and obviously u will be selling at a higher price to d 2nd buyer and hence will attract a higher mortgage payment for the 2nd buyer. The grr will not be able to cover the 2nd buyer's payment. It will get worse for the 3rd buyer. Mortgage repayment goes up and grr amount remains d same. Such investment is only good if u hv spare cash to stash at an investment for long term worry free as the grr should cover ur mortgage payments, but u may hv difficulty flipping the property for capital appreciation. This is my take. Maybe Jagalat-kor can give his perspective as well...

and coupled with d fact that as d hotel room ages, thr will be more wear & tear replacement cost that the subsequent owners hv to bear. Hence cost will spiral upwards in time. So d grr better be increasing as well coz if not it will be difficult 4 u to offload this hotel room to the next buyer.

and as 1 other writer commented, d grr is as good as d company which promises to pay. Ekocheras will incorporate a new company to make this promise. u got to at least check what is the compay's paid up capital amount. If company bankcrupt for whatever reason, the listed parent company (Ekovest Bhd) is not responsible to continue paying u the GRR.

Yes, u hit the point right at the nail.

get ready balance of 20% payment for those who obtained 70% loan. u will b asked to pay up this year.

e&o launched 1st block in penang tanjung bungah TAMARIND and all sold..

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.

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.

Jagalat-kor, the construction progress seems slow considering we signed the S&P end of 2013..

Jagalat-kor, the construction progress seems slow considering we signed the S&P end of 2013..