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

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HarpArtist
post Oct 31 2017, 03:53 PM

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QUOTE(Nikmon @ Oct 31 2017, 03:52 PM)
are you just migrate to Malaysia? since when developer here care about their reputation...
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+1. with very few exceptions
soon9913
post Oct 31 2017, 04:40 PM

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QUOTE(Nikmon @ Oct 31 2017, 03:52 PM)
are you just migrate to Malaysia? since when developer here care about their reputation...
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Haha thats why I used the word "gua" (unlikely but may happen)

This post has been edited by soon9913: Oct 31 2017, 04:41 PM
gks
post Oct 31 2017, 04:57 PM

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QUOTE(BEANCOUNTER @ Oct 31 2017, 01:12 PM)
reputable?????

ekocheras is their first venture into property development leh wei   devil.gif

reputable one is like UEM........delayed one year.....pay LAD in full no question asked.
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Not only paid in full.. but prior to the contractual delivery, Sunrise-UEM already sent out letter to purchasers inform them the delays and reiterate the commitment of their obligation.

Ekovest? all the way until now the developer still insist can complete by end of this year. doh.gif And didn't address the concern by purchasers whether they still fulfill their obligation or not.

This post has been edited by gks: Oct 31 2017, 05:00 PM
aaron1717
post Oct 31 2017, 05:02 PM

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QUOTE(BEANCOUNTER @ Oct 31 2017, 01:12 PM)
reputable?????

ekocheras is their first venture into property development leh wei  devil.gif

reputable one is like UEM........delayed one year.....pay LAD in full no question asked.
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SHC also.... their uptown residence... my fren say bank account suddenly gt extra money when he didnt really away that the expired date actually reached already.... ekovest should learned from the seasoned developer like this...
BEANCOUNTER
post Oct 31 2017, 05:46 PM

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QUOTE(aaron1717 @ Oct 31 2017, 05:02 PM)
SHC also.... their uptown residence... my fren say bank account suddenly gt extra money when he didnt really away that the expired date actually reached already.... ekovest should learned from the seasoned developer like this...
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Actually shc very sneaky.....

Usually buyer needs to agree to LAD, sign the consent b4 payment is made.

If developer banks terus into yr bank acc.....and you didnt denied the payment after xx days...it could mean entire different legal implication.
HarpArtist
post Oct 31 2017, 05:57 PM

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QUOTE(BEANCOUNTER @ Oct 31 2017, 05:46 PM)
Actually shc very sneaky.....

Usually buyer needs to agree to LAD, sign the consent b4 payment is made.

If developer banks terus into yr bank acc.....and you didnt denied the payment after xx days...it could mean entire different legal implication.
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exactly. but for uptown was there discrepancy about the amount?
lamode
post Oct 31 2017, 09:57 PM

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QUOTE(Jagalat @ Oct 31 2017, 01:58 PM)
Normally discussion is kept in chat group.
Perhaps we need also your expertise in helping the x value.

BlkH progress
05-Feb L3 in progress
26-Feb Lower floor of L3 in progress  
26-Mar Lower floor of L3A in progress
07-May Lower floor of L5 in progress
18-Jun Lower floor of L6 in progress
20-Aug Lower floor of L9 in progress
29-Oct Lower floor of L13 in progress

BlkH has speeded up a bit from Jun, delivering about 3 duplex-floors(df) in 2 months(pace 1.5df/mth). From 20-Aug, it is observed an increments to 4 more duplex-floors in 29-Oct ie 70 days(pace 1.75df/mth).

Now the following guesstimation depends on which pace to choose.

Assuming to use the fastest observed pace (if they can at least maintain this 1.75df/mth pace), it takes another 9.4mths to start the facility deck / sky bridge work of this building.

This is only the construction progress that is guesstimated. After construction, paper work and final approval will take place until key collection.

In short, BlkH
Now to L30 upper floor = ~9.4mths (1.75df/mth)
Pace of L31(facility) = ~1 mth (inclusive all pipings, window frames/glasses, kitchen cabinets, a/conds etc are fully installed to all units)
Paper work till VP = x mth (anyone knows the shortest window?)

Putting any potential EoT aside, how would you calculate the LAD for first batch buyers (signed in Dec-2013 for 48 mths construction period)? Thx
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Paper work till VP = x mth (anyone knows the shortest window?) = estimated 1.5 mths.

total 9.5 + 1 + 1.5 = 12 mths
go back to your snp, it should be 10% per annum, so snp price * 10% = LAD amount.

This post has been edited by lamode: Oct 31 2017, 09:58 PM
Jagalat
post Oct 31 2017, 11:40 PM

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QUOTE(lamode @ Oct 31 2017, 10:57 PM)
Paper work till VP = x mth (anyone knows the shortest window?)  = estimated 1.5 mths.

total 9.5 + 1 + 1.5 = 12 mths
go back to your snp, it should be 10% per annum, so snp price * 10% = LAD amount.
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Thx ...that summarized how 10 months LAD is calculated...
aaron1717
post Nov 1 2017, 09:00 AM

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QUOTE(BEANCOUNTER @ Oct 31 2017, 05:46 PM)
Actually shc very sneaky.....

Usually buyer needs to agree to LAD, sign the consent b4 payment is made.

If developer banks terus into yr bank acc.....and you didnt denied the payment after xx days...it could mean entire different legal implication.
*
QUOTE(HarpArtist @ Oct 31 2017, 05:57 PM)
exactly. but for uptown was there discrepancy about the amount?
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true... provided if there are different discrepancy in the amount they paid to the buyers or any disagreement happened subsequently after they pay the LAD... generally not much legal issues happened to the project til now.... maybe its all swept under the carpet.... all buyers seems like happy buyers for now... laugh.gif laugh.gif
BEANCOUNTER
post Nov 1 2017, 10:09 AM

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QUOTE(aaron1717 @ Nov 1 2017, 09:00 AM)
true... provided if there are different discrepancy in the amount they paid to the buyers or any disagreement happened subsequently after they pay the LAD... generally not much legal issues happened to the project til now.... maybe its all swept under the carpet.... all buyers seems like happy buyers for now...  laugh.gif  laugh.gif
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doesnt speak out on social media doesn't mean they are happied,,,,,,,

perhaps people just choose to move on with life.,,,,,or the discrepancy is not much? not worth fighting over?
aaron1717
post Nov 1 2017, 10:34 AM

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QUOTE(BEANCOUNTER @ Nov 1 2017, 10:09 AM)
doesnt speak out on social media doesn't mean they are happied,,,,,,,

perhaps people just choose to move on with life.,,,,,or the discrepancy is not much? not worth fighting over?
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no la... just personally from my fren who own a unit there... he mentioned so far not much complaints from other buyers during the time of delay... their owners group seems to have not much issue with how SHC handle the delay and LAD payments...
BEANCOUNTER
post Nov 1 2017, 11:00 AM

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QUOTE(aaron1717 @ Nov 1 2017, 10:34 AM)
no la... just personally from my fren who own a unit there... he mentioned so far not much complaints from other buyers during the time of delay... their owners group seems to have not much issue with how SHC handle the delay and LAD payments...
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Of course no complain lah...
Uptown was vped during downturn of property clycle...everyone was hoping for lad than vped unit.
Jagalat
post Nov 12 2017, 06:42 PM

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Taken afternoon today..
BlkJ(right)....Started slab/cement work on lower floor of L23
BlkH(left)...
More cement work done on upper floor of L13
Already started painting white here

user posted image


At the front ie mall facing Jln Cheras (not shown in this picture), the wall is painted orange/yellow.

This post has been edited by Jagalat: Nov 12 2017, 09:29 PM
sosobear
post Nov 13 2017, 09:54 PM

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QUOTE(Jagalat @ Nov 12 2017, 06:42 PM)
Taken afternoon today..
BlkJ(right)....Started slab/cement work on lower floor of L23
BlkH(left)...
More cement work done on upper floor of L13
Already started painting white here

user posted image
At the front ie mall facing Jln Cheras (not shown in this picture), the wall is painted orange/yellow.
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Wonder how are they going to built the “garden” on 9th floor? On top of 8th floor does not seem accessible...
kenty
post Nov 13 2017, 11:09 PM

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Don't forget to claim LAD for common facility which is 10% of SPA price if it's under HDA. Most developer "miss out" this portion, buyer also unaware. Everything stated clearly in SPA.

LAD calculation should be based on 110% of SPA price.

This post has been edited by kenty: Nov 13 2017, 11:13 PM
Fionte
post Nov 16 2017, 11:31 AM

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Hi l am new here. I was looking at m vertica and suddenly my friend point out this eco cheras. I am buying for investment purpose. Which is better. I know their location is different, selling point different. But which is good for invest. Tq. Perhaps sifu jagalat can help.
Fionte
post Nov 16 2017, 11:32 AM

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I just found out got 20 percent of unit not sold off from developer
BEANCOUNTER
post Nov 16 2017, 11:34 AM

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QUOTE(Fionte @ Nov 16 2017, 11:31 AM)
Hi l am new here.  I was looking at m vertica and suddenly my friend point out this eco cheras. I am buying for investment purpose.  Which is better.  I know their location is different,  selling point different.  But which is good for invest.  Tq.  Perhaps sifu jagalat can help.
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M vertica for investment????? you are kidding rite??????

BTW its EKO CHERAS.
BEANCOUNTER
post Nov 16 2017, 11:36 AM

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QUOTE(Fionte @ Nov 16 2017, 11:32 AM)
I just found out got 20 percent of unit not sold off from developer
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developer cant release all unsold bumi allocation at once......

it needs to release based on construction progress.

Bumi generally not keen in tis type of development.
Jagalat
post Nov 16 2017, 11:44 AM

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QUOTE(Fionte @ Nov 16 2017, 12:31 PM)
Hi l am new here.  I was looking at m vertica and suddenly my friend point out this eco cheras. I am buying for investment purpose.  Which is better.  I know their location is different,  selling point different.  But which is good for invest.  Tq.  Perhaps sifu jagalat can help.
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Me never a sifu. Me setengah suku and always learning.
Nowadays, given thousands of units along/off Jln Cheras, any investment be it rental play or subsale selling, is very competitive. Both have pro and con but the only common thing to both is tough competition in Cheras. (Understand some would argue different segment etc)

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