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

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neonikson1
post Mar 15 2017, 01:48 PM

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QUOTE(Jagalat @ Mar 15 2017, 11:37 AM)
No rush.... Just monitor its progress...
Also need to monitor if other projects with late vp, has any problem in LAD, as reference ...
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Checking in after a long while, Jagalat bro you are doing a fantastic job in monitoring Ekocheras's progress! Thumbs up for you! thumbup.gif thumbup.gif thumbup.gif
ahmai2332
post Mar 15 2017, 02:42 PM

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QUOTE(BEANCOUNTER @ Mar 15 2017, 10:29 AM)
Its 1000% will not complete in time....

Whether can get full lad.....only time will tell....
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what reasons make the construction delay?? sales not good? everyday raining??

Ekovest so big and wanna do Bdr Malaysia.. shall delivery on time....if not, im suffering on Jalan Cheras everyday.
Jagalat
post Mar 15 2017, 03:31 PM

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QUOTE(ahmai2332 @ Mar 15 2017, 03:42 PM)
what reasons make the construction delay?? sales not good? everyday raining??

Ekovest so big and wanna do Bdr Malaysia.. shall delivery on time....if not, im suffering on Jalan Cheras everyday.
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It has been observed back in early 2014, it was observed that the progress also slow but still crawls bit by bit.
So today what can been seen is the sikit sikit lama jadi rakit....

Jalan Cheras is always jam from my past 35+ years of observation. No part is safe from jam. Maybe there was a new highway and brought a relief but a few years later jam adds up.
You may also verify with other long timers in Cheras.

Instead of waiting for EKC to vp, the MRT will come to bring some relief in about 4 months time. Again the jam will be predicted to repeat a few years(if not months) down the road.
BEANCOUNTER
post Mar 15 2017, 03:51 PM

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QUOTE(ahmai2332 @ Mar 15 2017, 02:42 PM)
what reasons make the construction delay?? sales not good? everyday raining??

Ekovest so big and wanna do Bdr Malaysia.. shall delivery on time....if not, im suffering on Jalan Cheras everyday.
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I experienced deveoper. To eager to launch but last min changed their masterplan.
neonikson1
post Mar 15 2017, 03:53 PM

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QUOTE(BEANCOUNTER @ Mar 15 2017, 03:51 PM)
I experienced deveoper. To eager to launch but last min changed their masterplan.
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That's a main reason for the delay....
Jagalat
post Mar 15 2017, 05:18 PM

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QUOTE(neonikson1 @ Mar 15 2017, 02:48 PM)
Checking in after a long while, Jagalat bro you are doing a fantastic job in monitoring Ekocheras's progress! Thumbs up for you!  thumbup.gif  thumbup.gif  thumbup.gif
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Thx... It's glad to read your post here, after "returning" from BSS forum....
Jagalat
post Mar 15 2017, 05:27 PM

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QUOTE(The Jedi @ Mar 15 2017, 01:08 PM)
ekovest boss wealth went up a lot this month and he cld be top 10 richest person now

face very important to billionaire and i doubt ekovest will not comply with LAD clause as per agreement

he is building bigger bandar msia and why he would let LAD issue to impact the bigger picture
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I incline to second that for now.
It has other land at EkoRiver and the future huge developments there also. If this EKC debut mixed project didn't pay LAD, then their reputation is tarnished. It will impact their future projects along EkoRiver and BM.

As long as they stay in property business, LAD should be there (unless they chip off the property segment by selling land and becoming just the main con).

Anyway, need to monitor their announcement from time to time...
neonikson1
post Mar 15 2017, 07:35 PM

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QUOTE(Jagalat @ Mar 15 2017, 05:18 PM)
Thx... It's glad to read your post here, after "returning" from BSS forum....
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Yeah... BSS is done man, already collected keys last week! Hopefully we get to collect keys from EkoCheras sooner! sweat.gif
Jagalat
post Mar 15 2017, 09:07 PM

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QUOTE(neonikson1 @ Mar 15 2017, 08:35 PM)
Yeah... BSS is done man, already collected keys last week!  Hopefully we get to collect keys from EkoCheras sooner!  sweat.gif
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Note sure if you had join the chat group...
Haha....
For me, don't mind if it is late as long as there's LAD...
propertybbb
post Mar 15 2017, 10:57 PM

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QUOTE(neonikson1 @ Mar 15 2017, 08:35 PM)
Yeah... BSS is done man, already collected keys last week!  Hopefully we get to collect keys from EkoCheras sooner!  sweat.gif
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Take ur time man....long way to go...wait la..all ekc buyers are happy.
neonikson1
post Mar 16 2017, 12:50 AM

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QUOTE(propertybbb @ Mar 15 2017, 10:57 PM)
Take ur time man....long way to go...wait la..all ekc buyers are happy.
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No worries bro, I am DDWWBBB on EKC. thumbsup.gif
neonikson1
post Mar 16 2017, 12:56 AM

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QUOTE(Jagalat @ Mar 15 2017, 09:07 PM)
 
For me, don't mind if it is late as long as there's LAD...
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Just sharing....


Claiming Damages for Late Delivery of Vacant Possession of
Private Houses in Malaysia: Legal Issues and Challenges

One of the main duties of the housing developer under the statutory sale and purchase agreement is to
complete the construction of the house on time. Under the Malaysian housing law, the period of completion
and handling over vacant possession for landed property is 24 months and for sub-divided building is 36
months. However in practice, very rare buyers get the keys to their houses on time. According to clause
20(2) of Schedule G of the Housing Development (Control and Licensing) Act 1966, the buyer is entitled to
claim for Liquidated Ascertained Damages (LAD) for the delay in completion. It is a statutory remedy to
compensate the buyer for the failure of the developer to fulfill his obligation under the agreement to hand
over vacant possession on a specific date. The LAD should be calculated from day to day at the rate of 10%
per annum of the purchase price. However claiming the LAD is not as simple as it supposed to be since
most of the time the developer refuses to pay the LAD for various reasons. Thus a claim for LAD needs to
be filed in the court or the Tribunal for Homebuyer Claims. Nonetheless winning the case does not
guarantee that the buyer will receive the compensation.


International Review of Management and Business Research Vol. 3 Issue.2


This post has been edited by neonikson1: Mar 16 2017, 12:58 AM
TSaccetera
post Mar 21 2017, 06:19 PM

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Ekovest as an entity is not involved in Bandar Malaysia.
Jagalat
post Mar 26 2017, 11:19 PM

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Taken Sunday afternoon, before raining....
BlkJ revealing lower floor of L10
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Jagalat
post Mar 26 2017, 11:19 PM

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BlkH in progress of lower of L3A
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Jagalat
post Mar 26 2017, 11:20 PM

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BlkN more structures above the workshop (didn't keep track which floor)
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Jagalat
post Mar 26 2017, 11:22 PM

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Walkaway from EKC exit(to MRT), started to have wall in construction.
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This post has been edited by Jagalat: Mar 26 2017, 11:23 PM
Jagalat
post Mar 26 2017, 11:23 PM

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The other end of the walkway joining MRT station entrance...
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This post has been edited by Jagalat: Mar 26 2017, 11:38 PM
BEANCOUNTER
post Mar 27 2017, 06:43 AM

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They have speed up the construction of blk j..
Jagalat
post Mar 27 2017, 12:07 PM

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QUOTE(BEANCOUNTER @ Mar 27 2017, 07:43 AM)
They have speed up the construction of blk j..
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26-Feb L8.5 in progress 
26-Mar L10.5 in progress
Looks like it....

Personal view, no need that fast...
Steady and consistent is better....tongue.gif

Need to wait for the other block....

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