Nowadays you can get RM500k coverage for death/tpd with just RM250/monthly at 30 years old, best of all, you can settle your loan earlier within 13 years

Just got this letter today. Look like everything on schedule.
 Letter.pdf ( 70.33k ) Number of downloads: 143

Thanks Bouch boss for the letter.

At least buyers get to know periodic update from the developer.

Thanks all buyers for your effort to feedback to the developer either directly or indirectly.

My personally believe my town will success than velo, brand new "area" compare to Maluri, cannot imagine those area next to velo... Mess man

Cheras sentral cinema seem doing well recently. Can feel more supporter than before

Ekc is Managment by Savills, anyone know about this company ?

I'm based in London and the name sounded familiar, googled it and indeed, its headquarter is in London. Seems like a fairly big global real estate firm, listed on FTSE250 stock exchange.

Things are looking fairly promising by the look of things but keep up with the updates. Appreciate the input from all of you guys.

New development may be coming at the area beside velocity, as reported by ptlm

Hi ekorjiulai boss, glad to hear that the Savills sounds familiar to you.

If possible, can you help to observe more details if Savills mostly manages which types of malls, whether they manage highend mall (eg Pavilion here) or mid range (eg MV, 1U) or ordinary shopping complex(eg Sg Wang)?
This way, we can have a prelim impression of EKC mall will likely to be.
Thanks a lot

This post has been edited by Jagalat: Aug 15 2015, 09:27 AM

Did some research and it seems that they manage a wide range of retail management from low to high end malls. They currently manage:

113 shopping malls
636 retail parks (i.e. street shopping concept)
87 leisure schemes

UK shopping scene is somewhat different whereby it is mostly street based shopping rather than indoors (ie shopping malls). However, I did manage to find 2 example shopping centres that they have been appointed as the management:

Princesshay shopping centre (anchor: john lewis, debenhams, next)
Fort shopping centre (anchor: Marks & Spencer)

John Lewis is an upper end department store (similar to Robinsons in The Gardens). Debenhams is a bit like aeon/metrojaya. M&S is somewhat in between. Next is a retail outlet which sells clothes etc. and is slightly higher than H&M.

Based on these findings, I would suspect that they tend to manage malls around Midvalley standards. But then again, it depends on the demographic as well and mall size. That said, they have also been appointed to advise (but not manage directly) Westfield London (ie. probably one of the biggest shopping malls in London and arguably Europe) on identifying prime shopping centre facilities (ie. acquisition).

So it seems like Savills is a good all rounder real estate management firm (as you would expect given the size of the company).

very apt analysis.. sunwai already suffering with putra mall n mytown location n access is MUCH better...

jus imagine, after shopping in ikea will u go to the connected mall or will u go 500-700m to velocity?? maluri is really a SLUM.. at least the ikea area is at the edge..

Once again, thank you for the research and analysis.
Looking forward to seeing Savills stepping its foot step in Msia.

Thank you for your details analysis.
Do you know if they manage any malls in Malaysia/ Singapore or Thailand? ..

http://www.msn.com/en-my/news/other/ekoves...sets/ar-AAaZzHv

what is your comment on the financial and cash flow position of the developer?

Not sure about this boss. Maybe Savills Malaysia website would shed some light on this.

Having Savills is good first start but their portfolio is nothing to shout.

Their portfolio:
http://www.savills.com.my/services/retail-services.aspx

- The Curve, Damansara
- KL Festival City, Kuala Lumpur
- Citta Mall, Subang Jaya
- Imago, Kota Kinabalu
- The Spring, Kuching
- City Square, Johor Bahru

This post has been edited by accetera: Aug 16 2015, 11:27 PM

As I know, developer internal purchaser not really impress to Savills Managme Eko Mall,

Thanks for the info...
Savills has been here for sometime already...

BlkJ site taken on Sunday afternoon..
High level view...Not so obvious from this angle.....

BlkJ site taken from another angle(left)

BlkH site, seems something is on...

BlkH site - zoom... some piles and perhaps a pile cap in progess