Jagalat-kor, ekocheras is having only 1 block of office tower and selling at average price of rm800 psf. I do not know what is the size of Ekocheras office suites in totality from NLA perspective. Apparently sales of their office suites have been brisk. The hotel guest can also provide foot traffic to ekocheras mall. From my view, the white collar office workers will provide the most stable foot traffic to the mall, followed by the hotel guest and lastly the residents of block J, H & E, along this order. As a comparison, upcoming MCT mall in usj will have equivalent size of 1.5 m sq ft NLA with its 3 blocks of grade A office towers which also commands 1.5m sq ft NLA From a strategic perspective, MCT got their development concept correct as they plan to bring in 15,000 white collar workers into their 3 blocks of grade A office towers. They are not selling the office blocks but will be owning the office blocks and leasing them to their chosen segment of tenants (preferable higher paying MNCs and big listed malaysian companies). This would create the perfect synergy for their MCT mall as these higher paid white collar workers will have more disposable income to spend in the mall. Sorry to hijack this forum with another project but Jagalat-kor and myself just wanted to draw a comparison between the 2 integrated projects.

The car park opposite to EKC is 70% completed..


Attached thumbnail(s)

Mall management is KEY of success!

i wonder if any purchasers will drop out since the 2nd payment has yet to be collected as its a slowdown for property mrk and we bought this ekocheras at its pricing peak in 2013 sept.

Doubt so as prices have already increased since then if you've gotten in earlier. If you sell at launch price, I'm pretty sure it will sell so your downside is limited.

I heard block J and H have been fully sold recently from a vested sales agent with 1 drop out 762sqft unit but asking for 560k.

I might be biased but I do genuinely think that this is a strategic location in Cheras. I believe there was a discussion previously that regardless of the mall success, it is still a good buy as the mall is just an icing on top given its location. Leisure Mall is just around the corner too and with a covered link bridge to the MRT station, it is a commuter's dream to live in one if they work in the city. Say goodbye to traffic jams and car maintenance costs (subject to the MRT being efficient of course).

Go for the long game and I believe you'll be quids in. As long as you have the holding power, you can demand a price. If price is low, then keep holding on to it and rent it out. Once everything is up and running for Cheras (eg. Ikea, velocity, mrt etc.), i think value will start pouring in.

All I wish right now is that the developer takes this development seriously by ensuring the property finishes on time, has a good quality finish and good maintenance and management of the property on an ongoing basis upon completion. The potential is there so it will be a shame for the developer not to take this opportunity to build a solid passive income for their future earnings. If the mall is a success, then I reckon this will be one of the best developments in KL South.

BlkJ site.... taken about 2 hrs ago....
Cement floor in progess.....
Is that B3?

BlkJ site.... Zoom to see cement......

BlkJ site again ...From left angle.....

BlkH site ......Pile caps seen

BlkN site aka Hotel site.. still have a lot of work to catch up....

BlkE site .....Out of coverage..
Camera can't zoom that far ...
There is a 'valley' behind the lorry...
It is clearer to peep from Jln Cheras when you are in the queue to the roundabout...





This post has been edited by Jagalat: Sep 20 2015, 03:36 PM

Thanks to jagalat kor!

Progress still seems slow...and Ekovest boss appear on front cover of Property Insight magazine

No problem....

Front cover man....
http://propertyinsight.com.my/magazine/current-issue-2/#


http://propertyinsight.com.my/cover-story/...te-environment/

Almost every alternate week, we can read his article in nanyang siang pau weekly property page... (not promoting, me not a fan)

This post has been edited by Jagalat: Sep 20 2015, 05:15 PM

Ekovest boss said now is good time to buy property..

Thanks bro jagalat for the constant update! U r the best!

yes fully agree on ur view of jagalat kor!

Need all buyers' help to continue providing feedback/concern/suggestions to developer pertaining the progress/mall.
This way, the developer will know that all eyes are watching on their work/delivery.
Thanks
"Jiran sepakat, membawa berkat "

This post has been edited by Jagalat: Sep 21 2015, 08:59 AM

if they late delivery and they pay LAD, i m fine with it.

LAD is 10%. good money woh..

Wow... Your LAD 10%...Great!