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

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mybenz
post Mar 16 2015, 01:31 PM

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QUOTE(restful increase @ Mar 16 2015, 11:51 AM)
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.
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yup i am sure they have lot of rules to control on standadization,
takkan suddenly one owner put a grilled out side and some owner put colour window
i am not sure on the dmc
maybe for interior id etc they might want to control as in all reno only can go with the appointed agency etc

thus the package is vague and all this is a question mark!

This post has been edited by mybenz: Mar 16 2015, 01:31 PM
mybenz
post Mar 16 2015, 11:50 PM

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QUOTE(TBK1123 @ Mar 16 2015, 11:26 PM)
All taikors, if anyone of u plan to visit to their office, can u please help to ask the SA why the progress of the project so slow? I don't know, but just thinking sure there is some reasons (or problems?) behind? The progress is too slow and seems abnormal...  hmm.gif
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Not easy to dig three floor down the ground at cheras. There ain't any project in cheras dig deeper than Ekocheras other that maluri mrt station...
Need to slow blast.., water, rock, stone,... Maybe jumpa oil and gold leh lol
I can't find any similar to bench mark the project speed because so far no other project dig so deep..

mybenz
post Mar 17 2015, 05:10 PM

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Anyone know the sales status?
mybenz
post Mar 18 2015, 07:09 PM

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QUOTE(Jagalat @ Mar 18 2015, 07:02 PM)
For your reading pleasure:

Summary
- “In the first hour of our launch, we managed to sell 40% of our [105] office units
  and 50% of our [260] hotel suites,” said its MD Datuk LKC at the launch on Saturday.

- At press time, 80% of the office and hotel suites have been taken up, which will
  add approximately RM150 million to RM200 million to the group’s unbilled sales.

- “We are a conservative company. We are selling the office and hotel suites to reduce our risk.”

- “It also gives us more funds to take on other projects and grow the business,”
  said Lim, when asked why the group opted to sell the office and hotel suites,
  instead of keeping them for recurring income.

- The residential units have been mostly sold out after their launch in December
  last year(?) with a 90% take-up rate, not including the bumiputera units which
  can be released once construction passes 50% completion
.

- The entire EkoCheras development is expected to be completed by November 2017.

Deatils here
http://www.theedgemarkets.com/my/article/e...es-sell-briskly

Chinese version (shorter)
http://www.chinapress.com.my/node/606814
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80% sold got or not???
mybenz
post Mar 19 2015, 12:18 AM

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Just saw the hotel brochure. The small unit doesn't come with pantry.. How to live for long term stay? SA told me can buy and stay there for long term. I am thinking stupid or what. Tak Kan everyday I use water from toilet water meh.
They should give a pantry la if they want to market as a service suite like type C then can do short to mid term stay. Not that costly to add a water point there only...
I ask the SA how long can u stay like this condition?
Ekovest memang newbie. The market is so slow and some more need gst still expect bbb market meh...

This post has been edited by mybenz: Mar 19 2015, 12:19 AM
mybenz
post Mar 19 2015, 11:25 AM

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QUOTE(jasonmatthew @ Mar 19 2015, 10:15 AM)
I stayed in hostel for 5years during student times. There was no pantry, no toilet attached too😁. 1st year of my working life, stayed in another hostel with attached bath room but no pantry for a year.
To be fair, thats hotel they are selling and thats what a hotel of its projected status will offer. If tenant want a room with better equiped facility, come look at the 2 soho and service apartment. Im sure by then, many of the owners will offer their unit for rental.
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But then again that's for student and how much is your rental compared to the so called hotel suite?
I agree. Eventually for those who wants more facilities will go to block J h and E. And that means those who self manage to hotel suite will having a hard time to rent out for long term basis.
mybenz
post Mar 22 2015, 04:06 PM

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Wah.. Bbb la.. This hotel and office.. So fast only left 10 units.. Office also people Sapu but most for own use
Hotel one 250k rich uncle buy for own use only..
mybenz
post Mar 22 2015, 06:35 PM

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2nd milk so expensive meh stay hotel? Lol
Get a 500rm per month flat room for 2nd milk la
mybenz
post Mar 31 2015, 10:40 PM

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how's the hotel n office sales? Last check was 90% gone...
mybenz
post Mar 31 2015, 11:01 PM

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QUOTE(Babizz @ Mar 31 2015, 10:52 PM)
Above everything, I think buyers shld be worried wthr ekocheras cn be completed or not. based on their negative net asset, many subcon n retailers might not even work with them in d future..
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You worry too much or maybe u didn't dig enough
mybenz
post Apr 1 2015, 07:34 PM

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QUOTE(gks @ Apr 1 2015, 05:09 PM)
For vested parties, just sit tight and wait until 2018.

For interested party, If you are worry the project will abandoned by Ekovest, stay away. There are many other projects that less riskier.

Integrated development always slower especially the beginning of the construction. Furthermore they need to dig out 3 storeys basement. In Ekocheras case, they need to do piling that strong enough for 60storey buildings. One of the project that i vested, the developer took 15months for piling + 4 storeys basement.
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hehehe i know which project u talking about biggrin.gif
mybenz
post Apr 2 2015, 03:02 AM

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QUOTE(nijiyaautohaus @ Apr 1 2015, 10:20 PM)
Totally agree, the key point of success of EKC will be the mall on how they manage it ...
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Everyone here only know keep saying the mall is the key point and just "hope" it will turn to a successful mall. Bit the fact is other than the progress we don't see ekovest is doing anything about the mall! Have u guys heard anything form developer? Who they r engage as mall consultant or who they engaged to the retail leasing? Have u guys hear anything about mOu signing w any anchor tenants? Already a year plus. Serious good developer who want their project giving a good reputation or serious about doing retail mall will starts to do some announcement. For eg sp setia where they engaged landlease as their mall operator.. They will announce this and that.. This one keep quiet only. And u guys here keep on talking about the mall being the key. Keep talking here no point one, it won't make the mall work.. As matter of fact the mall have possibility becoming a another dead mall like cheras sentral or viva mall...

This post has been edited by mybenz: Apr 2 2015, 03:03 AM
mybenz
post Apr 2 2015, 11:16 AM

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talk everyone can talk tongue.gif build mall .. not difficult but to manage and execute it is another story
if buyers merely listen and buy what SA's talk is risky
SA can talk until heaven and earth but at the end of the day whether can ekobest execute it?
bear in mind, ekobest is new in this.

even SS2Mall also closed down for example

so not necessary all mall will be able to make it

talk but no progress is as good as dead mall

good luck to all ekc buyers
mybenz
post Apr 4 2015, 12:00 PM

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QUOTE(ryan@chua @ Apr 4 2015, 11:56 AM)
Kl eko and sunway velo will do better than this
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Atleast their team r more reputable and with good track record.
Ekovest apa pun tarak..the sa keeps on saying we have mall hotel mrt bla bla bla... Hotel also don't know what star what hotel and somemore they not operating themselves..
I just sit and watch what ekobest will come out any news in another year lol. Since last year no news at all
mybenz
post Apr 5 2015, 10:43 PM

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Other then just digging, they have to take care of the surrounding terrain, concentrating more on the slope behind the hill.. Before dig deeper...

How's mapex?

This post has been edited by mybenz: Apr 5 2015, 10:48 PM
mybenz
post Apr 6 2015, 01:03 AM

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The multiple storey dbkl public car construction is pretty fast instead... Already few storey high..
mybenz
post Apr 11 2015, 03:12 AM

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QUOTE(restful increase @ Apr 11 2015, 01:03 AM)
if the mall is well runned with good established tenants, ur unit is in for a good capital appreciation. Eko Cheras mall is located right in the centre of cheras while Sunway velocity is located at the fringe of cheras nearer to klcc. So thr is some distance away.
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Taiko if Ekocheras is like the mall at Johore which managed by ekovest then good luck to u. It is a total disaster. If u considered that as they are experience in managing a mall.

Let's alone not talk about velocity, Sunway team is so strong to even compared with and basically all the chain and retail following them because of proven track record. On other hand there will be ikea and mytown by boustead to drive the traffic to velocity. What make u think people will go to Ekocheras rather than velocity which is it just few kilo away and three or four station away?

If Ekocheras does not has his own uniqueness, will you go velocity or Ekocheras? U tell me.

I am not talking down on the mall. But the fact is pointing favourable of velocity more at this stage based on track record. U better hope ekovest is not talking developer and started to show something to purchaser or investor otherwise u can just sit and wait. More than a year past, yet we see nothing or hear nothing, let's wait for another year and we can talk the same thing again if ekovest not doing anything.

Btw it was cbre they engaged but saville took over them recently and as far as I know, they ain't strong at all at mall retails in Malaysia. Ekovest themselves has too many own agenda to even make a direction or decision for Ekocheras.

By now they should have signed agreement with cinema, star bucks, banks, anchor tenants, mcd, KFC and etc. Should la. But u got any firm confirmation from them? They don't even say confirmed!
mybenz
post Apr 17 2015, 11:08 PM

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Been very quiet.
Why talk mall again?
For first day when launching there were no mall and everyone knows. Only shoplot s right.
People still bbb.
Mainly because of location!
Then developer halfway change to mall!
So mall is just extra.
So if we talking about FH integrated project w main road direct access with linked mrt less than 100m. How many are they with the price point of from 450k?

Please list here for educational purposes. Hehe


mybenz
post Apr 19 2015, 10:58 PM

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QUOTE(restful increase @ Apr 19 2015, 01:17 AM)
1) D sara sentral, sg buloh 2)Kl gateway @ bangsar south 3) Alila Bangsar, 4).Eve Suite @ ara damansara. All 4 projects hv direct covered bridge to lrt/mrt. Launch price has units priced rm450k for studios.
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KL gateway not FH. Is LH
mybenz
post Apr 22 2015, 03:38 PM

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QUOTE(maldiniho @ Apr 22 2015, 02:37 PM)
looks no much different than the last photo i saw at least 1/2 year ago. sad.gif

I may be naive, but comparing to Maxim Residences not so far away this seem much less done than that.

SHould we start worrying?
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you should but no use

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