Probably, since those lower floors would have to pay up first.

Looking good

There's a signing ceremony between Ekovest and Key Tenants for the EkoCheras Mall on the 18th of July @ Hilton KL.

Anyone attending this event? I can't make it but if someone is able to, will be nice to find out who the key tenants are.

You have a very good memory Jagalat. Not bad if that's true.

Excellent

Had a look at the initial list and very pleased to see the bigger brands confirmed.

There's only < 20 shops confirmed so far but the mall is able to take on up to 250 retail outlets.

I think it's too soon to conclude how well this mall would perform.

However, given the presence of Village Grocer (big step up from Giant in Leisure Mall), Borders (ie big step up from Popular bookstore in Leisure Mall) and GSC Cinema (complementing Leisure Mall's GSC), I would expect these to pull a wider range of bigger brands in the market.

That said, having seen the current list, I have no issues with smaller brands but most importantly they should be "usable" by the local community. I wouldn't want to see too many overly expensive brands in the mall (ie. attracting 6c6c crowd only) but rather have a proper mix of retail outlets that are appropriate for the local community to be utilised. It needs to fit to the lifestyle of the local community / future residents that will be staying there.

I'm hoping that we could have a bowling alley to replace the one that has been demised in Leisure Mall. However, it shouldn't be the same bowling alley that we had last time in Leisure Mall but should have a fun factor. For instance, it could include other facilities/services such as bar food, drinks, pool tables etc. I would also want a good gym centre in the mall (preferably offering something different to Fitness First in Leisure Mall).

I'm anticipating a good Chinese restaurant which could also be a pull factor for the general crowd. Having a few nice western / upper middle class asian food outlets (Thai/Jap/Korean) will be good too - eg. Madam Kwan, Pappa Rich, Italiannies, Sushi Zanmai, a nice steakhouse etc.

Pretty decent mix of initial list of retail outlets and is not a bad start at all. Looking forward to more announcements on future retail outlets.

This post has been edited by ekorjiulai: Jul 19 2016, 03:03 AM

Appreciate frequent updates from Jagalat too and I personally thought the updates on the floors were really useful as it shows progress and provides an indication in terms of when the next billing would be for the respective owners.

Also, I don't think anyone would write-off the risk of project being abandoned until the project has been fully VPed etc. but you would expect the risk to decrease over time as the project progresses overtime. In fact, for investors, you would subconsciously view projects that are say 50% complete to be less risky than a project that has yet to be started. As with all investments, there is a risk to capital loss which is consistent with the risk reward philosophy (i.e. the greater the risk, the greater the potential return / loss). The best position to invest is when you can afford to stomach the losses in the event of a worst case scenario and it shouldn't ruin your finances completely (i.e. you're able to restart, rebuild and attempt again).

Good luck all and wish everyone a very happy, healthy and prosperous Chinese New Year.

See attached pic for your 4 treasures.

Hi bro, you’re looking to rent? I have a duplex 2 room in block J for rent. I’m the owner.

PM me for more details.

Cheers.

This post has been edited by ekorjiulai: Nov 22 2019, 11:48 AM

Don’t be fooled with many of the rental listings for Ekocheras as some owners did some investigation and found cases where you enquire about A, but the agent will tell you about B, C, D etc.

There are also duplicate listings and listings where there’s a small print indicating *pictures are for illustration purposes*. Not sure why this practice is even allowed as it’s false advertising/misleading. So if you see any rental rates which seemed too good to be true, then it probably is.

Nevertheless, it’s true that rental rates have dropped somewhat after Covid happened but that’s to be expected due to the shutdown of our borders and Covid causing businesses to shut (and hence lowers demand for rental). But once vaccine is rolled out, and countries begin to re-open borders, there’s every possibility that it will tick up again, more so when it’s strategically linked to the MRT (not too far from the centre, 6 stations to Bukit Bintang and 3 stations to Velocity), with plentiful amenities and matured residential/commercial area. Office block as far as I’m aware is also experiencing good occupancy levels.

This layout is not the easiest to design but it does have a low nett price and I believe faces the church (ie away from Jalan Cheras so it’ll be quieter).

I viewed a couple and was considering as well but still preferred the duplex units in J/H for about the same price, largely because I like the high ceiling for that sense of space.

Before the crisis, these units would have attracted foreigners particularly westerners as they are quite used to smaller living spaces and tend to spend less time indoors.

Block E has lower density per floor, own entrance/lobby/parking entrance, no stairs to climb if that’s an issue for you, less competition (there is only a very limited number of units for this layout), and recently, they’ve opened a direct link to the shopping mall so there’s no need to walk under the hot sun anymore.

This post has been edited by ekorjiulai: Jan 2 2021, 09:13 PM

Yep, Block E always had a more premium price tag as it was launched the last and benefits from lower density. Moreover, duplex J/H is bigger at 762sqft so it’s typically the case where smaller sizes attract a higher price psf.

400k to have access to all the facilities and MRT connectivity is still not a bad price, if you’re in the market for such a unit and not in need of too much space. It’ll be suitable for a young single/couple professional who values MRT connectivity, especially if their workplace is next to an MRT station. In addition, your monthly maintenance cost will also be lower - about RM200 at 0.35cents psf.

This post has been edited by ekorjiulai: Jan 3 2021, 01:39 AM

Depends on the facing/height of the unit so you’ll have to view and check on site if that’s a concern for you. I’ve only seen a small plot at a distance from another owner’s unit at level 20+ facing away from Jalan Cheras.

For the specific unit E block studio under discussion, I’m not aware of any cemeteries facing it, though don’t take my word for it and best to verify in person.

Yes, there had been floods in the past but it has tended to occur around the MRT station and as far as I’m aware, it subsides quite quickly. Maybe someone else who has better insight to this can comment. I’m not too familiar with how the drainage works but I haven’t seen any cases (from owners’ WhatsApp group) where there was severe flooding in the underground parking spaces.