New tenant coming to leisure mall.


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actually i noticed most contractors leave their iron bars uncovered. i think it cost them money and space to provide a cover.

Is the structure still safe for occupancy?

if u check other construction sites, u will notice most (if not all) also leave their metal bars outside and exposed to the sun and rain. let me noe which projects actually built a shade for these materials.

i heard fr another staff of ekocheras that saville is not managing their mall. the mall will be self managed by internal ekovest management.

Hearsay Ikon Connaught rental drop to flat RM1,000 per month only. Jia lat... Babizz

40 new malls entering to Klang Valley competition by next year! Retail business faces the biggest challenge of all time!

http://www.thestar.com.my/Business/Busines...tail/?style=biz

There are actually more than 40, easily double or triple if u include places like Ikon Connaught as a mall and future unconfirmed ones such as Atria Cheras and Dupion Island Cheras.

Understand each n every businessman wants to maximise the return of investment. But they are not professional in this field, they should engaged professional to manage the mall and hotel although need to pay hefty management fee. This is high end project with the tallest building in Cheras may end up like a pasar malam project if manage by an inexperience team. it is like experiment project for them to test their internal staff capability to run mall n hotel.
How can a construction and development company run mall and hotel ?? In my opinion, they are just too selfish and put too much risk to the buyers like us!

this dev does not have even a fraction of the cash needed to hire a good retail team la.

Hope this is not the case. It will be devastating if it is.

Based on its location and MRT connection, EkoCheras Mall could very well be one of the best mall in town. Don't waste it!

They have money and the major shareholder is top 20 wealthiest man in Malaysia. They bought the land 10 years back with a very cheap price and can easily get financing from it. If u see the financial report, yes it is true that the gearing of the company is high mainly due to financing for duke2 highway which is under construction.

It is just depend on how much margin they want to make from this project and whether the management is good enough to see longer term rental yield for this project by spending a little bit more money to hire a professional team to reduce the risk of this project!

I don't believe the rental can be high yield if everything also DIY ! And the appreciation of the property value also limited !

shareholder is rich never equates to the company being rich.

Come on la! First mall and hotel engaged professional to managed and at the same time setup a management team to learn from this experience then only can say in next project that our management team will bring the same success story of retail mall and hotel in ekocheras to our next flagship project - Ekotitiwangsa project!

I know. What I try to say is they can do it well if sacrifice a little bit profit margin by hiring a good team for good rental yield in long term!

Most smart sub cons wont stockpile these rebar in huge quantities due to the cost,just the quantities required and will be installed within short period (prevent rust issue). Some maincon or developers who thought they are smart will buy those steel bar in huge quantities (lower price as economic of scale? Or some great commissions driven)as they are much financially strong. End up tons of rusty bar left rusty onsite for years untill they are required. Thats the fact of our local construction industry, no one to be blamed here..

This post has been edited by sianglee: Sep 6 2015, 02:57 PM

totally agree with you. but we know the typical cinaman malaysian style businessman

Bro there are chinaman companies doing good job.

May l suggest all buyers to feedback the concern about mall management at their BOOTH in every property exhibition/event? Buyers can suggest your idal mall management to them.

Remind them if EKC mall failed then all malls along other river also will not come to life.
At least we have done our part.

This post has been edited by Jagalat: Sep 6 2015, 05:34 PM

BlkJ site taken yesterday..
Observe any difference compared to last picture .....