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

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Jagalat
post May 22 2015, 11:55 PM

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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]
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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Aiyo... "like no difference"....Pictures already shown more foundation spots for pillars...
A slow progress is still a progress la... just that it is a little disappointed.
Jagalat
post May 23 2015, 09:06 AM

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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.
Maybe not enough cash flow to pile....
*
Congraz and welcome to the family.
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.
Jagalat
post May 23 2015, 02:57 PM

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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.
Jagalat
post May 25 2015, 03:12 PM

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Pictures taken yesterday.
Overall, do you see a difference compared to pictures posted 2 weeeks ago?
https://forum.lowyat.net/topic/3235184/+1917

Should you choose to zoom, please don't ask why there is a worker squatting before a crane....
user posted image
Jagalat
post May 25 2015, 03:13 PM

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Zoom at the foundation spots.
Behind each and every great foundation spot ("steel cage"), there stands a man in yellow helmet...
user posted image
Jagalat
post May 25 2015, 03:14 PM

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Hotel site, more blockage, can't really get a clear shot from the back
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Jagalat
post May 29 2015, 10:06 AM

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Let see if the following earlier quotes are relevant...

Nett is 603k x 95% = 572.85k (rm752 psf)??

QUOTE(cteh2 @ May 22 2015, 12:54 AM)
Hi, I just got an unit for ekocheras (H-16) for investment yesterday.
May I know this area of cheras can rent out for how much for blk H type, SOHO (762sqft), just an estimation will do , thanks for help.
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QUOTE(cteh2 @ May 22 2015, 07:06 PM)
Hi bro Soon,
I bought my unit for RM 603K before 5% discount, is it same price as the launch price?
. I hear the SA told me this is loan drop out unit.
Is facing KLCC but according to SA ,the view might be block by the BLK E service apartment.
*
Jagalat
post May 29 2015, 02:46 PM

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No intention to dig this out for promotion, but just for re-FYI
Here are the units sold to directors last year.
See if your parcel unit happened to be one of them...

Source:
http://www.tradesignum.com/announcement-59183
The EB - EkoCheras Sales Announcement.docx site
https://www.google.com.my/url?sa=t&rct=j&q=...8,d.cGU&cad=rja


Purchaser Description of Property Gross Built-up Area (sq feet) Selling Price (RM)
Datuk Lim Keng Cheng Two bedroom apartment in Tower H, EkoCheras (Parcel No: H-18-01) 1,168 866,477
Lim Pak Lian Studio apartment in Tower H, EkoCheras (Parcel No: H-18-08) 762 555,824
Lim Keng Hun Studio apartment in Tower H, EkoCheras (Parcel No: H-18-18) 762 555,824
Lim Keng Guan Studio apartment in Tower H, EkoCheras (Parcel No: H-25-03) 762 581,630
Lim Keng Guan Studio apartment in Tower H, EkoCheras (Parcel No: H-25-07) 762 581,630
Lim Keng Guan Studio apartment in Tower H, EkoCheras (Parcel No: H-29-3A) 762 621,415
Ong Siew Lin Studio apartment in Tower H, EkoCheras (Parcel No: H-29-05) 762 594,533
Madam Lim Hoe Studio apartment in Tower H, EkoCheras (Parcel No: H-08-01) 1,168 834,219
Wong Khai Shiang Studio apartment in Tower H, EkoCheras (Parcel No: H-28-08) 762 591,308
Lim Ding Shyong and Lim Yang Li Studio apartment in Tower H, EkoCheras (Parcel No: H-26-08) 762 584,856
Dr. Wong Kai Fatt Single bedroom apartment in Tower E, EkoCheras (Parcel No: E-3A-03) 821 579,963
Dr. Wong Kai Fatt Studio apartment in Tower J, EkoCheras (Parcel No: J-18-03) 762 528,032
Tham Beng Choy Studio apartment in Tower H, EkoCheras (Parcel No: H-11-02) 762 536,469
Lim Soo San Studio apartment in Tower H, EkoCheras (Parcel No: H-11-03) 762 539,695
Jagalat
post May 29 2015, 09:37 PM

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Reached 100 pages already.... would really like to know how the developer having cash flow issue... (if any)
Jagalat
post May 30 2015, 12:11 PM

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QUOTE(deschan100 @ May 30 2015, 10:40 AM)
This project competitor is "NETIZEN" ... which is bdr tun hussin onn.

The pilling construction is critical slow ....
*
All the MRT properties are to certain degree, competitors to each other. Along with the design and plot ratio, there is some degree of "complementary" to the competition, eg EKC supplied mostly one roomers or studio units.

I went to KEB sales gallery and a SA used EKC as reference.
(I dont mind sharing this in this forum since you mentioned Netizen.)To my surprise, he said that those who missed EKC two years back, should buy Netizen. He also told me his customer has two units in EKC and really fatt already after hotel launched at RM1k psf (He said it without knowing l am also vested)
I don't exaggerate...

To me, Netizen has Saville Cheras as their head-to-head competitor. Saville Cheras is just one station away and had yet officially prelaunched...Netizen took a step to "pre-soft launch" ahead..

Speaking of EKC progress, would you like to share some constructive suggestion what should buyers do?

This post has been edited by Jagalat: May 30 2015, 12:30 PM
Jagalat
post May 31 2015, 09:01 PM

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QUOTE(propertybbb @ May 31 2015, 12:49 AM)
Jagalat kor..so netizen go or no go?
*
I was looking for certain design in Soho but no such supply thus far...details has been spelt in Netizen forum... will continue to monitor... don't mean to use much space of this forum to talk about other project... nod.gif

Jagalat
post May 31 2015, 11:29 PM

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Side track..
For those interested... this author quoted(from whom?) 15-25% appreciation for properties along MRT once in operational.

http://www.nanyang.com/node/704348?tid=688
Jagalat
post Jun 1 2015, 03:45 PM

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QUOTE(restful increase @ Jun 1 2015, 02:12 AM)
Jagalat kor, did u invest in Reo Suite? want 2 know ur view on dat lrt project sofo.
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Restful bro, I did not..
In fact, I share the same concerns pointed out by other forummers.
We can take this in PM if required.
(BTW, thx for the 10-points justification) biggrin.gif

Jagalat
post Jun 3 2015, 11:54 PM

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QUOTE(cteh2 @ Jun 4 2015, 12:13 AM)
ok, i will.
*
In case they say everything is running per schedule, then you can turn to third schedule (clause 4) of your spa. Then you have power to ask them "According to the schedule, development should have been completed some stages and 2013 year buyers should be paying progressive billing, but none so far...Why ah? "

If they still deny, pls show them some pictures (two weeks ago) in the forum.

In case you need last weekend pictures, l can post them tomorrow. All the best!

This post has been edited by Jagalat: Jun 4 2015, 12:00 AM
Jagalat
post Jun 4 2015, 11:29 AM

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QUOTE(cteh2 @ Jun 4 2015, 08:40 AM)
In fact I ask the SA this question during my purchase and the SA do agree the project is behind schedule.
She told me that project schedule is behind about 6 months and currently they are speeding up the progress.
Do any sifu here have any info if ekovest really speeding up the progress or is the same?

Then I ask her if the project is delay, what is the LAD? and she reply me is 10% per annum and is stated in the SPA.

That's why I need the sifus here to advise me is the SPA standard? if yes, then is ok, else I better call them to send me the SPA that I am going to sign tomorrow to pre-read carefully before signing because tomorrow I am signing using their solicitor Susanna Lim & Partners.

Btw, is there any clause in the SPA that I need to take note or any question I need to ask the lawyer tomorrow during my signing?
*
My SPA mentioned LAD only 8%..So yours is attractive... rclxms.gif

In SPA, along with the normal checking(unit etc), you may also look for your parking bay. They normally provide you the bay number and do not provide the parking floor layout. You need to ask them where your bay is.

If you feel that having pre-read will be more prepared or confident, feel free to do so... nod.gif

Other daikors pls comment...

This post has been edited by Jagalat: Jun 4 2015, 11:30 AM
Jagalat
post Jun 4 2015, 10:17 PM

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QUOTE(cteh2 @ Jun 4 2015, 02:41 PM)
how's come mine and yours  LAD % can be different? I thought this is governed by HDA and it should be standard?
*
You may double confirm if the LAD is 10%.
If so, l look at the bright side that they are confident to complete it(at least yr block) within 4 years from tomorrow.
thumbup.gif
Jagalat
post Jun 5 2015, 11:48 AM

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Specially posted
Taken last Sunday 31-May

user posted image
Jagalat
post Jun 5 2015, 11:49 AM

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Jagalat
post Jun 5 2015, 11:50 AM

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Zoom

My guess, this is the lowest level basement 3.
user posted image

This post has been edited by Jagalat: Jun 5 2015, 11:51 AM
Jagalat
post Jun 5 2015, 03:16 PM

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QUOTE(cteh2 @ Jun 5 2015, 02:28 PM)
Confirm the LAD is 10% , 48 months . Is stated in the SnP.
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Congraz again! Welcome the neighborhood
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