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

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Babizz
post Apr 4 2015, 12:47 PM

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Cnt compare time when paradigma open n now.. times hv changed.. look around paradigm..hardly any malls nearby..look in cheras.. at least 10 new malls..all neighborhood to large size.. all opening within a span of 3 yrs.. many retailers nt interested in going to new unproven malls d.. see quiKK city.. the tenant thr suffering everyday..

Even pavi group struggling with tenants fr their usj damem mall...

This post has been edited by Babizz: Apr 4 2015, 12:49 PM
Babizz
post Apr 4 2015, 12:51 PM

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QUOTE(restful increase @ Apr 3 2015, 09:20 PM)
more malls on the way. We will have Pavillion in Damansara Heights by 2020.
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Boss initially i doubt pavi dsara if its a HUGE mall but it looks more smaller maybe paradigma size.. can do well fr d luxury market given the VERY high purchasing power nearby.. BJ City mall is big n will do well if its jus BJ city mall n nt pavi.. BJ no market fr luxury la.. a lot of low end n mid end houses thr.. everyone wan lv near their house but wont buy..waiting fr others to buy.. brows.gif brows.gif brows.gif
Babizz
post Apr 5 2015, 09:20 AM

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QUOTE(HarpArtist @ Apr 4 2015, 06:27 PM)
when directors buy so many units...means flippers really not going to be able to do anything as the directors pricing is probably 25% better than them. not to mention how many units are going to be empty. yikes.
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Boss, directors buying projects doesnt guarantee tht it will be completed. Btw, perda mall is in prai.. now foursquare say reli jialat.
Babizz
post Apr 5 2015, 09:21 AM

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As nda mention, i too bliv tht if retail sold strata as pervious plans, wont do badly..will do well given great frontage n if d prices are good la brows.gif brows.gif

This post has been edited by Babizz: Apr 5 2015, 09:24 AM
Babizz
post Apr 5 2015, 10:07 AM

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QUOTE(HarpArtist @ Apr 4 2015, 07:37 PM)
i give them the benefit of doubt ma, since they announce so big over the papers they bought units  rclxms.gif
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Yeap.. usually will buy quietly n maybe release into d market later on.. Still no news on d star rating of d hotel ah? this one mixed hotel.. cn hv 2 star to 5 star guests brows.gif brows.gif
Babizz
post Apr 10 2015, 12:04 AM

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QUOTE(restful increase @ Apr 8 2015, 08:28 AM)
Btw, Ekovest chairman's private company owns Danga City Mall in Johor & the mall has been operating since 2008. So indirectly Ekovest also has experience running a mall via this johor mall.
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My friends who hv been thr said only good fr cheap IT stuff..other than that like a dead mall.. i hope EKC will be much btr with a good amount of other retailers (cn be achieved with external help)..

Good to know saville managing the mall... Although saville has little retail exp in msia (correct me if im wrong), i bliv they will do well given their retail experience in the UK n globally..

http://www.savills.co.uk/sectors/retail/re...ng-centres.aspx
Babizz
post Apr 14 2015, 09:02 AM

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QUOTE(restful increase @ Apr 10 2015, 02:50 PM)
I agree sunway velocity will command a premium. thats why their studio is selling rm1,350 psf while ekocheras block J is selling at rm750 psf.  At least ekocheras is not foolhardy enough to want to manage the mall but am willing to let saville manage it. the johor mall is not part of ekovest and neither was not managed by saville.
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I thought velo studio RM1200psf?? btw, i agree with mybenz..

Any lates pics?
Babizz
post Apr 14 2015, 10:07 PM

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QUOTE(restful increase @ Apr 13 2015, 08:09 PM)
i was told the 650sq ft studio at velocity is priced at rm1,350 psf. if u wanna go nearer to d ikea mall, u can target cochrane by mutiara rini (boustead gp). but i estimate price should hover abt rm1,400 psf.
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Other than the affordable food n some cheap stuff, i wldnt wana live near IKEA drool.gif drool.gif I doubt 1400psf la. the condos look high dense n mid high end only jus like Velocity (mid high end).
Babizz
post Apr 15 2015, 11:39 AM

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QUOTE(ryan@chua @ Apr 14 2015, 11:04 AM)
Prefer Eko cheras doesn't has a mall, this mall no matter how sure bring down the value of Eko cheras. ..
ask yourself, if you are not staying in Eko cheras,  which mall you will go ? Sunway + ikea or Eko ??

Same as  pavilion klcc vs sg wang...
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Reli diff location bro.. EKC is closer to more resi neighborhoods like bukit segar etc.. Purely in terms of serving cheras, EKC is much btr located than velocity which caters to maluri+pandan+tun razak+north cheras areas..

Overall, Velocity area has a lot of things coming up nearby but the area remains what it is, a really low end/lousy area..
Babizz
post Apr 15 2015, 05:54 PM

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QUOTE(Iam Power @ Apr 14 2015, 11:20 PM)
Only time will tell whther EKC will be successful or nt
Susah lo imho...
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Yes i think the location is good but the mall management n developer cashflow/background..

EC ia behind schedule by more than 7 months... still digging its way thru after 1.5yrs..
Babizz
post Apr 16 2015, 10:25 PM

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QUOTE(soon9913 @ Apr 16 2015, 07:49 AM)
Location so so..!? Are u cheras Lang?
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obviously not n probably nvr been to the site or looked at wikimapia...ekocheras location fr commercial is very good..




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Babizz
post Apr 17 2015, 12:25 AM

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QUOTE(BEANCOUNTER @ Apr 16 2015, 10:04 AM)
You think nearby velocity areas are poorer cousin of ekocheras nearby areas?

Sorry i am just asking. Have no idea of demographic in cheras.
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Drive around both areas n u will be answered although now Maluri houses expensive cry.gif cry.gif but sunway velo mall will do btr than ekc due to mall management..

This post has been edited by Babizz: Apr 17 2015, 12:28 AM
Babizz
post Apr 17 2015, 12:29 AM

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QUOTE(Iam Power @ Apr 16 2015, 10:27 AM)
duh...i grew up in this area la..
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But this comment doesnt hold weight brows.gif brows.gif

Location so so, catchment area small..
Offices might do well
Residences and mall. nah dnt think so la
Babizz
post Apr 17 2015, 01:04 AM

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QUOTE(Iam Power @ Apr 16 2015, 10:37 AM)
Then facing a main road which jam forever and hving MRT station there makes it super good location?
Aiya different people has different view, cant fault on that.
Just wait few years and see lo...
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Yes good for malls.. See MV, SP, 1u all surround by main road (s) n jam often.. the one secluded away include ss2, encor n Jaya mall..

Ultimately, i think this ekc might take a very long time to complete (if it does), so i dnt bliv in ekc brows.gif brows.gif article 1 yr ago mention piling work on ekocheras has begun.. How much have we seen since then?

This post has been edited by Babizz: Apr 17 2015, 01:12 AM
Babizz
post Apr 19 2015, 10:32 PM

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QUOTE(Lofiel @ Apr 19 2015, 08:12 AM)
Hows the progress so far? sad.gif
How come so slow one.. Maybe the developer hv financial issue?
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Most buyer say No.. buyer say we are outsider.. But still digging after 1.5yrs... Jagalat kor havent post pics this week..
Babizz
post Apr 19 2015, 10:42 PM

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QUOTE(Jagalat @ Apr 5 2015, 04:18 AM)
Zoom, the lowest point behind the crane.

user posted image
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Lofiel kor, this is the most recent progress from November 2013 start construction..
Babizz
post Apr 22 2015, 07:35 PM

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QUOTE(gks @ Apr 22 2015, 01:48 AM)
Nobody will know the future and if u r worry and losing your sleep, you may write in and ask developer to cancel the SPA. Obviously some money will be forfeited but better than losing hair over it.
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True but from then until now EKC has appreciated.. Can anyone share why the 3 floors dig is only a small portion?? shldnt it be bigger
Babizz
post Apr 29 2015, 11:55 PM

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QUOTE(restful increase @ Apr 29 2015, 09:44 AM)
heard ikea cochrane will b operational by christmas this yr.
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Yes it will..around 30% bigger than damansara.. some extra sections nvr in SEA b4...5th biggest in the world.. whole MRT stretch will have many malls.. I think velocity really need to up the ante as i dnt see why someone would walk over from ikea to velo.. Hope EKCs malls can have good FnB tenants for the jiulai crowds..

This post has been edited by Babizz: Apr 29 2015, 11:58 PM
Babizz
post May 7 2015, 10:27 PM

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QUOTE(LTG @ May 6 2015, 04:11 AM)
walking distance with cover bridge only attractive . some station also got alot old apartment with walking distance.
malaysia still too hot to walk smile.gif
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I bliv within 200m is v good even if no bridge...I saw connexion ioi city ad saying 700m from ioi city..sure those ppl nvr walk 700m b4.. for commie to be effective with mall or train need to be 100-150m n direct frontage..
Babizz
post May 22 2015, 11:06 PM

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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?
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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.
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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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