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

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neonikson1
post Jul 21 2014, 06:05 PM

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QUOTE(Jagalat @ Jul 21 2014, 03:46 PM)
Noted.. Thanks again.

Item 5 is a bit difficult to tell for EKC.
BlkE near the Tmn Billion slope.
Many years back, there was a minor case happened.
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I think should be ok, it is not a tall slope anyway. The houses on top of the slope is scarier. smile.gif

Again, no one property (super hard to find one ) is 100% positive without any problem. As long as the pros (selling points) out do the cons.
Jagalat
post Jul 21 2014, 06:39 PM

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QUOTE(neonikson1 @ Jul 21 2014, 07:05 PM)
I think should be ok,  it is not a tall slope anyway. The houses on top of the slope is scarier.  smile.gif

Again,  no one property (super hard to find one )  is 100% positive without any problem. As long as the pros (selling points)  out do the cons.
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Understand no property is 100% positive
It would be safer if developer will perform some cement work to the slope close to BlkE...
This will address the only con item from the list. wink.gif



Jagalat
post Jul 21 2014, 06:40 PM

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Side track a bit, for your reading pleasure...
Article in Chinese on various property types of KV for comparison (Retails, Office, Hotel etc)
http://property.sinchew.com.my/node/2600

The above article quoted some examples from the following WTW article (English).
http://www.wtw.com.my/Portals/0/WTW/PMR/WTWPMR2014.pdf
(WTW article is much comprehensive)

CMW123
post Jul 21 2014, 08:26 PM

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QUOTE(Jagalat @ Jul 21 2014, 06:39 PM)
Understand no property is 100% positive
It would be safer if developer will perform some cement work to the slope close to BlkE...
This will address the only con item from the list.  wink.gif
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Pretty sure developer will do piling plus retaining wall at the slope n it's is only a small slope
CMW123
post Jul 21 2014, 08:51 PM

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Design of Cheras Sentral becoz of refurbishment from the old Phoenix is not so efficient as there are many dead corners n one of the wing is quite secluded. Currently probably 50% with operators. Out of the few newly opened malls I visited, Main Place is the best, followed by NU Sentral n Cheras Sentral, both with potential but will need some time. One City is so so n Encorp Mall n Jaya Shopping Centre are a bit worrying...

Wonder how is the Silka hotel doing?

Compared to Leisure Mall, Cheras Sentral is probably less than 50% comparatively. Looks like it is not easy for a new Cheras mall to take over the matured Leisure Mall. Maybe Ekomall should see how it can complement Leisure Mall with a new concept

Between Ecomall n You City Mall, believed that whichever able to recruit good brands early n open for business early will have competitive advantage. You City is nearing its final phases n the the mall should be the last to be built. But this also means that they have very strong cash flow from earlier phases to fund the mall. But judging from PJD previous record in managing Endah Parade, reservation is natural

In EKC case, will they operate the mall first? Becoz it is not highrise, the mall can be completed earlier. Paradigm mall has opened for some time n the office n residence tower are still under construction now. Tropicana City Mall opened for a year before Tropics serviced apartment was vp.
soon9913
post Jul 21 2014, 09:30 PM

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I don't like the parking design in cheras Sentral.
And ekocheras mall also need to be extra careful when designing the entrance n exit of car park. Failure may lead heavy traffic jam in the Jalan cheras..

This post has been edited by soon9913: Jul 21 2014, 09:32 PM
Jagalat
post Jul 21 2014, 10:01 PM

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Per a phone conversation with Joe Wong last year, he indicated Ekomall will be in operation while the highrise still under construction. But he did not reveal which blk (s) in construction.
My guess to this strategic move is
1) to generate some profit from Ekomall
2) to compete with nearby malls so that it does not loose the first sip of the soup from MRT connectivity system.
neonikson1
post Jul 21 2014, 10:04 PM

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QUOTE(soon9913 @ Jul 21 2014, 09:30 PM)
I don't like the parking design in cheras Sentral.
And ekocheras mall also need to be extra careful when designing the entrance n exit of car park. Failure may lead heavy traffic jam in the Jalan cheras..
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Agree, entrance n exit is important. Imagine if mid Valley has good entrance n exit this place would have been perfect!
neonikson1
post Jul 21 2014, 10:11 PM

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As for endah parade, the problem is the retail units are all for sale, that way they lost control of the tenants. All malls should learn from their experience.

This post has been edited by neonikson1: Jul 21 2014, 10:12 PM
neonikson1
post Jul 21 2014, 10:24 PM

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QUOTE(Jagalat @ Jul 21 2014, 10:01 PM)
Per a phone conversation with Joe Wong last year, he indicated Ekomall will be in operation while the highrise still under construction. But he did not reveal which blk (s) in construction.
My guess to this strategic move is
1) to generate some profit from Ekomall
2) to compete with nearby malls so that it does not loose the first sip of the soup from MRT connectivity system.
*
Yes, it makes sense to operate the mall first. So that once residence moved in there are already businesses ready to provide service.
Babizz
post Jul 22 2014, 09:13 AM

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QUOTE(neonikson1 @ Jul 21 2014, 08:24 AM)
Yes,  it makes sense to operate the mall first. So that once residence moved in there are already businesses ready to provide service.
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some people see it the other way round.. make the resi first then create extra demand for the mall
Babizz
post Jul 22 2014, 09:21 AM

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BTW, are the soho towers 60 storeys high?

This post has been edited by Babizz: Jul 22 2014, 09:23 AM
Babizz
post Jul 22 2014, 09:22 AM

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QUOTE(Babizz @ Jul 21 2014, 07:21 PM)
BTW, are the soho towers 60 storeys high?
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neonikson1
post Jul 22 2014, 10:31 AM

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QUOTE(Babizz @ Jul 22 2014, 09:13 AM)
some people see it the other way round.. make the resi first then create extra demand for the mall
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It would be more appealing for home buyer if the mall is already in operation during VP.
neonikson1
post Jul 22 2014, 10:33 AM

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Because of duplex it is like a 60 storey tall building.
Babizz
post Jul 22 2014, 10:58 AM

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QUOTE(neonikson1 @ Jul 21 2014, 08:31 PM)
It would be more appealing for home buyer if the mall is already in operation during VP.
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haha true also.. depending on how u look at it.. with retail mall oversupply coming soon, Ekovest better develop a strong retail strategy to attract quality tenants..

How much were the serviced apartments in EKC going for?

Looking forward to their Ekotitiwangsa as well
Jagalat
post Jul 22 2014, 12:29 PM

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QUOTE(Jagalat @ Jul 18 2014, 04:39 PM)
EKC...
user posted image
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Just an observation...
The developer's name has changed to Ekovest Capital Sdn Bhd.
Curious why they did it.

http://idaman2.kpkt.gov.my:8888/idv5/98_eH...proj_kod_Fasa=1

The kpkt site does not get reflected...ie using old name
Also, let's see if the next draw down payment should be paid to whom.

Wonder if they use the same name for EKT.
Current the kpkt site did not spell anything about the EKT project.
Will wait and see.
ekorjiulai
post Jul 22 2014, 02:30 PM

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Hi guys, anyone know what does the "Agreed Rate" mean in Schedule 1 in the Deeds of Covenant document?

EDIT: Ignore me, found out myself already.

The SPA will, in most cases, provide an extension of time of 1 month or more for the Purchaser to settle the Balance Sum. When an extension of time is granted, interest at an agreed rate will normally be charged by the Vendor on the unpaid Balance Sum. This interest is usually charged on a daily basis from the day after the Completion Date until the date of full payment of the unpaid Balance Sum.

This post has been edited by ekorjiulai: Jul 22 2014, 03:23 PM
CMW123
post Jul 22 2014, 03:33 PM

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QUOTE(Jagalat @ Jul 22 2014, 12:29 PM)
Just an observation...
The developer's name has changed to Ekovest Capital Sdn Bhd.
Curious why they did it.

http://idaman2.kpkt.gov.my:8888/idv5/98_eH...proj_kod_Fasa=1

The kpkt site does not get reflected...ie using old name
Also, let's see if the next draw down payment should be paid to whom.

Wonder if they use the same name for EKT.
Current the kpkt site did not spell anything about the EKT project.
Will wait and see.
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Bro, they use different developer as the land in Cheras and Titiwangsa could be held by 2 different companies...Prompt Capital for EKC and Ekovest Capital for EKT
Jagalat
post Jul 22 2014, 03:57 PM

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QUOTE(CMW123 @ Jul 22 2014, 04:33 PM)
Bro, they use different developer as the land in Cheras and Titiwangsa could be held by 2 different companies...Prompt Capital for EKC and Ekovest Capital for EKT
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That was what I thought....Prompt Capital for EKC and Ekovest Capital for EKT

According to the leaflet's EKC side, it printed Ekovest Capital Sdn Bhd (formally known as Prompt Capital Sdn Bhd)
Printing error?




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