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Investment EKOCHERAS @ JALAN CHERAS (V4) [MRT PROPERTY] [OT], Where Cheras becomes Mont'Jiulai

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BEANCOUNTER
post Jan 18 2017, 02:21 PM

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QUOTE(highburybaby @ Jan 18 2017, 02:19 PM)
Are they newbie in property field?
I thought they are very experience developer because they got so many big projects from gov
It reminds me to Netizen projek in  Bandar Tun Hussien Onn, now their whole project suspended/ canceled
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1st time as developer.

they are highway builder......
Jagalat
post Jan 18 2017, 08:17 PM

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A debut mixed development by EKV like EKC, has a critical reputation to build also, such that ppublic have good impression or faith in EKV's subsequent projects.
LaBoost008
post Jan 18 2017, 08:59 PM

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QUOTE(BEANCOUNTER @ Jan 18 2017, 02:13 PM)
i believe buyers have options of dibs with more expensive price or no dibs with lower price.

actually the project is not delay as delay no work at all......this is due partly I believe is the inexperience in part of ekovest as developer.

when they started selling the soho and apartments, their master plan was only shoppes and retails in open space concept....then later they decided to have a proper mall instead of open concept...reapply for master plan changes, putting in the right foundation and etc........all these have caused the delay.....

I am not sure if ekovest will apply to DBKL to extend the spa period of 4 yrs to further since there has been fundamental change in the project.........hope not otherwise LAD value will be affected.
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which developer so generous want to pay lad.most probably they will get extension fr dbkl to avoid lad.
BEANCOUNTER
post Jan 18 2017, 09:11 PM

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QUOTE(LaBoost008 @ Jan 18 2017, 08:59 PM)
which developer so generous want to pay lad.most probably they will get extension fr dbkl to avoid lad.
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Knowing they so buddy buddy with govt......i trust they will...
gks
post Jan 18 2017, 09:15 PM

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QUOTE(LaBoost008 @ Jan 18 2017, 08:59 PM)
which developer so generous want to pay lad.most probably they will get extension fr dbkl to avoid lad.
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The extension is required from kpkt....
LaBoost008
post Jan 18 2017, 09:59 PM

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QUOTE(BEANCOUNTER @ Jan 18 2017, 09:11 PM)
Knowing they so buddy buddy with govt......i trust they will...
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A developer of a delayed project in kuchai lama managed avoid paying lad by getting extension fr authority.
ryan@chua
post Jan 19 2017, 10:03 AM

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QUOTE(BEANCOUNTER @ Jan 18 2017, 10:11 PM)
Knowing they so buddy buddy with govt......i trust they will...
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Ya. This company Najis Got shares.
lamode
post Jan 20 2017, 11:57 PM

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LAD issue aside for a moment.

on the bright side, the market is super slow now, and MRT line being one of the main catalyst for the mall's success, it needs time for reasonable amount of people to start taking MRT instead of driving, so VP later this year might not be good idea than VP 2019 or so. thumbsup.gif

even for own stayers, high turn over in mall tenants has more cons than pros in long run. smile.gif

This post has been edited by lamode: Jan 20 2017, 11:58 PM
LaBoost008
post Jan 21 2017, 11:23 AM

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QUOTE(lamode @ Jan 20 2017, 11:57 PM)
LAD issue aside for a moment.

on the bright side, the market is super slow now, and MRT line being one of the main catalyst for the mall's success, it needs time for reasonable amount of people to start taking MRT instead of driving, so VP later this year might not be good idea than VP 2019 or so.  :thumbsup:

even for own stayers, high turn over in mall tenants has more cons than pros in long run.  smile.gif
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You have more to lose in paying interest if the project delayed.
BEANCOUNTER
post Jan 21 2017, 12:16 PM

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QUOTE(LaBoost008 @ Jan 21 2017, 11:23 AM)
You have more to lose in paying interest if the project delayed.
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how come?

LAD is 10%, loan interest is around 4.5%....how to lose if you got LAD?
LaBoost008
post Jan 21 2017, 01:12 PM

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QUOTE(BEANCOUNTER @ Jan 21 2017, 12:16 PM)
how come?

LAD is 10%, loan interest is around 4.5%....how to lose if you got LAD?
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all the best if you hope for lad.
Jagalat
post Jan 21 2017, 01:45 PM

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QUOTE(LaBoost008 @ Jan 21 2017, 02:12 PM)
all the best if you hope for lad.
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Can you elaborate more details losing in paying interest if the project delayed, if there is lad?
Would like to assess in case there is something we didn't see... Thank you.
LaBoost008
post Jan 21 2017, 02:11 PM

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QUOTE(Jagalat @ Jan 21 2017, 01:45 PM)
Can you elaborate more details losing in paying interest if the project delayed, if there is lad?
Would like to assess in case there is something we didn't see... Thank you.
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Check this out.

http://asklegal.my/p/hba-sues-housing-mini...delayed-project
Donald Trump
post Jan 21 2017, 02:36 PM

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QUOTE(lamode @ Jan 20 2017, 11:57 PM)
LAD issue aside for a moment.

on the bright side, the market is super slow now, and MRT line being one of the main catalyst for the mall's success, it needs time for reasonable amount of people to start taking MRT instead of driving, so VP later this year might not be good idea than VP 2019 or so.  :thumbsup:

even for own stayers, high turn over in mall tenants has more cons than pros in long run.  smile.gif
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agree....timing is everything
Jagalat
post Jan 21 2017, 02:44 PM

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QUOTE(LaBoost008 @ Jan 21 2017, 03:11 PM)
Check this out.

http://asklegal.my/p/hba-sues-housing-mini...delayed-project
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Thx.... Noted the EOT vs LAD case.
Will see how it goes. Any court verdict?
Donald Trump
post Jan 21 2017, 03:08 PM

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QUOTE(LaBoost008 @ Jan 21 2017, 02:11 PM)
Check this out.

http://asklegal.my/p/hba-sues-housing-mini...delayed-project
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i think there was about close to 10 cases being manupulated by this housing ministry....and u know who was at helm the LAN fella...100% developer protectionist
and guess who started this trend? Again the same suspect that started all the bad practice

A developer that make:
resi but make it office title, so buyers not protected at all
VP with nothing ready so that buyers can DIY and complete it urself
Warrant period ended b4 it even started where no one is there to do it for buyer
pigeon hole trend started by them with no facility no car park
compulsory everything use their only 1 lawyer, no nego and no disc
super loopsided SnP where starting date is not stamping date..6, 9 months after authority approval, or completion of ground work
TOTAL control of JMB by dev and do as what they like ....
.....men so many more

This post has been edited by Donald Trump: Jan 21 2017, 03:10 PM
Jagalat
post Jan 22 2017, 10:43 PM

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Taken today before the rain...
BlkJ started L6 construction...
user posted image
Jagalat
post Jan 22 2017, 10:44 PM

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BlkH, still L2...more L2 areas with cement covered.

user posted image
Jagalat
post Jan 22 2017, 10:45 PM

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BlkE, no photo but it's steel bars/pillars are about to reach the top level as Cahaya Bumi.
HarpArtist
post Jan 22 2017, 11:37 PM

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QUOTE(Donald Trump @ Jan 21 2017, 03:08 PM)
i think there was about close to 10 cases being manupulated by this housing ministry....and u know who was at helm the LAN fella...100% developer protectionist
and guess who started this trend? Again the same suspect that started all the bad practice

A developer that make:
resi but make it office title, so buyers not protected at all
VP with nothing ready so that buyers can DIY and complete it urself
Warrant period ended b4 it even started where no one is there to do it for buyer
pigeon hole trend started by them with no facility no car park
compulsory everything use their only 1 lawyer, no nego and no disc
super loopsided SnP where starting date is not stamping date..6, 9 months after authority approval, or completion of ground work
TOTAL control of JMB by dev and do as what they like ....
.....men so many more
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Its heads developer win tails buyer lose...
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