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

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gks
post Jul 18 2016, 09:46 AM

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Looking at overall current progress, very ambitious plan the mall can be completed and operational by end of 2017
gks
post Jul 18 2016, 10:45 AM

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QUOTE(Jagalat @ Jul 18 2016, 10:02 AM)
Yup...Comparing the pictures at first post (which was July 2015), the progress in a year is significant.

Even all the Sunday and holiday visits l had made, they are people working.

Buy looking at the progress, it is still possible for the mall part to complete by next July..
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Mall there are more works, effort, time and money required for Internal Fit Out (IFO), M&E etc. For the mall to be operational, substantial grace period is required for these to be carried out.

Anyway let's revisit in a year and we shall have more visibility of the mall progress (and SOHO + residential).
gks
post Jul 18 2016, 11:07 AM

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Ekovest claim the mall will be in operational by end if 2017 which my earlier post refers to.
gks
post Jul 18 2016, 05:10 PM

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This is nice article
Ekovest will receive RM80m grant from gov to built the MRR2 U-turn to Ampang and level the Jalan Cheras to eliminate flash flood.
gks
post Aug 2 2016, 01:45 PM

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QUOTE(Jagalat @ Aug 1 2016, 08:20 PM)
Photos taken on Sunday afternoon...
Overall, every block has its progress with BlkE site most significant...

Observed more than 50+ workers on Sunday afternoon....
user posted image
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Thanks for the update Jagalat. Just to compare the progress photo that u took 3 months ago versus today...

1. From G level currently progressing to L2 on the core lift

2. Slab has some works done till G level.

SOHO starts from level 3 onwards. Once they started to construct the SOHO, things will be clearer how would they meet the construction schedule.

However looking at the picture, very unlike the mall completion by end of 2017.

gks
post Aug 5 2016, 03:50 PM

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QUOTE(Alvelyn @ Aug 5 2016, 08:40 AM)
Buyer deposit kept with lawyer. Buyer can choose any lawyer firm

If abandoned, seller bear all the risk, safer than u buy from developer

Forummer who does not understand, don't anyhow comment
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if developer still has units (which I assume cheaper than yours), how would you sell your unit?
gks
post Aug 5 2016, 03:57 PM

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QUOTE(BEANCOUNTER @ Aug 5 2016, 03:53 PM)
the seller here bears all risks, including abandon risk qua....

if project abandoned, the buyer can ask back the 10% deposit??????

at what point project deemed abandoned?
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So it is question of insurance premium offered by seller

From the propery perspective, to be honest if you think it will be abandoned, you shouldn't buy it regardless how is the option looks like.
gks
post Sep 20 2016, 05:43 PM

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From the last picture to the one posted by Jagalat yesterday, it's approximately 3 weeks and Ekovest seems couldn't complete one single floor for block J & H.

By end of this year the owners shall able to gauge the typical speed of standard floor construction.

gks
post Sep 21 2016, 09:27 AM

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QUOTE(BEANCOUNTER @ Sep 21 2016, 08:09 AM)
Didnt u spot the similarity btw ekocheras and empire city?
Both projects are too big and developers are too eager to complete the entire project in ONE GO?

Base on the pix....ekocheras progress is extremely slow...one month less than one storey being built.

Am sure the developer will apply to authority to have its building period extended with ground that they have changed the master plan to include a mall. Buyers that hope for delay hence LAD may up for a late surprise.

There is mo need to hope for delay vp bcos market is bad now and more supply is coming in. There will always be supply...and one will never know if futire will not be worse than current.

Anywhere 7xxsq for 1bedder is so yesteryear lioa....these days 7xxsq will have 2beds or 2+1......how to compete?
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Construction progress for ekocheras seems slow... But I think they will gain momentum when they build more typical floors.
gks
post Sep 21 2016, 01:40 PM

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QUOTE(Jagalat @ Sep 21 2016, 01:29 PM)
Base on the pictures of progress, I am thinking the focus is placed on the mall construction ie, B3 to L2 of all sites. So, the towers construction will carry on later.
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I believe the intention is to complete the project at one go, unlike some other integrated project like Tropicana Garden where block A & B will be VP-ed soon but the mall only will be completed by end of 2018.

Hence I observe the priority is to focus on all highrise portion and when they hit certain progress, they will focus on the remaining portion of the mall.
gks
post Sep 21 2016, 05:17 PM

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Ekovest will receive RM1.13b from EPF from the disposal of 40% equity in DUKE

http://www.bursamalaysia.com/market/listed...cements/5210141

However the announcement didn't mention what is ekovest'ss plan to do with the proceed.
gks
post Oct 9 2016, 11:17 PM

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the photos shared by Jagalat not really picture how massive is the 12acre project. Ekovest is very ambitious by attempting to build everything at one go and with schedule H... do not have the upfront fund from buyers to do the all the current ongoing works...
gks
post Oct 10 2016, 05:11 PM

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QUOTE(Jagalat @ Oct 10 2016, 05:00 PM)
Curious if this is internal info.
Thanks.
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As per schedule H developer only receive fund upon completion of works. Between completion of piling till the construction of parcel, there are carpark basement and mall which constructed either from internal or bridging loan.


gks
post Oct 11 2016, 11:29 PM

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QUOTE(Jagalat @ Oct 11 2016, 04:07 PM)
So how did EKV make it for the period of post pilling till recent draw down billing(about one year window)? Where did they source the fund?
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Didn't the buyers signed the consent letter for EKV to refinance the land to CIMB for the fund?
gks
post Oct 12 2016, 12:09 AM

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QUOTE(Jagalat @ Oct 11 2016, 11:35 PM)
Yes. That's one dragging process.
Interest to know any other source of fund besides this one?
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You can probably ask this question to Ekovest director during the AGM. drool.gif
gks
post Jan 17 2017, 05:01 PM

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QUOTE(Jagalat @ Jan 17 2017, 04:30 PM)
As per my last observation, BlkJ already started L5 construction. Again, I thought everyone can view it and l didn't take any picture.
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Based on past 2 months, Ekovest took approximately 3 weeks for each floor. Assuming similar progress until topping up, it will take another 1.5years before top up. They need to speed up to one week/floor if they want to have any chance to deliver by Jan.2018.

IMO, it is quite unrealistic currently unless more significant speed can be observed.
gks
post Jan 18 2017, 09:15 PM

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QUOTE(LaBoost008 @ Jan 18 2017, 08:59 PM)
which developer so generous want to pay lad.most probably they will get extension fr dbkl to avoid lad.
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The extension is required from kpkt....
gks
post Mar 15 2017, 10:40 AM

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Monoland with super construction team now at 20th ++ level (out of 62 floors) also committed only can VP early of 2019.

This EKC ... Now at 8th (out of 30 duplex floors) is impossible to VP end of this year.
gks
post Mar 15 2017, 12:33 PM

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Developer like TMS also paying LAD in full I doubt ekovest will play hanky panky like low class developers not willing to pay LAD in full. Furthermore the early buyers put confidence in ekovest despite not past records in developing.

This post has been edited by gks: Mar 15 2017, 12:34 PM
gks
post Apr 29 2017, 11:12 PM

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QUOTE(Investor12 @ Apr 29 2017, 11:03 PM)
Any more unit available? SA please pm
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you can dropby developer office in Jalan Gombak

Based on construction progress, i believe bumi quota units will be released quite soon.
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