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 .....

BlkJ site taken from left angle ......

BlkH site ......

we can feedback all we want but mall management is a diff ballgame.. most mall managers i know will say NO even to the idea of new malls with low chansi of success let alone manage them..

Progress looks good btw
On a side note, notice even more shops closing down n some retailers r saying a big no no to new malls.. winter has begun n we are just at the start

block j progress looks good

A few months, you mentioned the progress was hardly move or snail pace. (You were invited to have look. Wonder you have been to site.) With multiple feedback from buyers, the developer had finally decided to provide periodic update. Now you say progress looks good.

The EKC and its mall is the debut mixed project of EKV.
If this project fails, it will impact EKV image in subsequent projects, specially malls by the river of life.

All buyers out there, pls continue your good work to press developer and feedback about the mall. Not sure if the developer will finally employ extetnal team to manage the mall. We should not give without trying. Not try no gain. Cheers!

Agree and Support

Fren
EKC mall leasing secured by S*vills agency if I not mistaken
Patience la, planning stage. Direct compete with leisure makl

if u look at successful malls besides the size (tends to be at least 1.2 m sq ft NLA at least), another impt factor is that they all are connected to or located very nearby corporate office towers that are highly occupied. Bandar Utama has 1 First Avenue, Plaza IBM, KPMG tower. These 3 office towers are fully occupied. Midvalley has Boulevard n Arcc Offices, KLCC Sunsuria has petronas twin tower office, menara maxis, menara public bank, menara TA, Wisma Selangor Dredging. Even Pavillion has Menara Standard Chartered and Wisma Genting just barely 60 metres away. These fully occupied office blocks provide constant foot traffic to the malls daily besides tourists. But tourists are seasonal only, whereas white collar offices provides the daily turnover. If ekocheras mall is to succeed, then the developer better make sure their office tower is highly occupied (80 to 90%). If not the mall will become a white elephant in due time. The residential units alone are not sufficient to fire up the mall biz. Why? bcoz most of the "normal" residents leave home at 745am (ir earlier) to go to work to beat the jam and return home at 8 to 830pm. So thr is very limited time for them to visit their mall downstairs, whereas office workers with only 1 hour lunch have not much choice but to eat inside the mall or food court as they dont have much time to venture outside. In between they will also visit retail outlets to purchase their needed items as it will b very convenient for them to do their shopping since their offices are located within the integrated project.

Good analysis!