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

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maldiniho
post Dec 6 2015, 12:29 PM

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This is getting interesting. I receive that letter too and no idea what it's talking about. So what is the implications after we sign that/ don't sign that?


CMW123
post Dec 6 2015, 12:56 PM

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Someone pls post that letter here
ryan@chua
post Dec 6 2015, 12:59 PM

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This project seems like sibeh jialat. Another mall to fail. Sorry to say that even though i know got thousands owners buying here...
maldiniho
post Dec 6 2015, 01:30 PM

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Here is the letter. What do they want now ?

sad.gif

Attached Image
soon9913
post Dec 6 2015, 05:28 PM

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Wondering why block J nv receive this letter but instead received progress billing letter.
Block J n E not on the same piece of land?..

QUOTE(maldiniho @ Dec 6 2015, 01:30 PM)
Here is the letter. What do they want now ? 

sad.gif

Attached Image
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Jagalat
post Dec 7 2015, 12:13 PM

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QUOTE(soon9913 @ Dec 6 2015, 06:28 PM)
Wondering why block J nv receive this letter but instead received progress billing letter.
Block J n E not on the same piece of land?..
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If they refinance the whole land, BlkJ buyers should also receive the letter, else only partial of the land gets refinanced.
So BlkJ buyers can observe for two/three weeks if such letter arrives.
SUShuaweie5830
post Dec 7 2015, 01:47 PM

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Lol

From the photo like still doing piling oni
restful increase
post Dec 7 2015, 02:27 PM

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Block J will receive both the progress billing and also the above ltr notifying a change of chargee bank fr ambank to cimb. Ekovest refinanced the land to get a higher loan amt to improve their cashflow. Block H residents will be receiving their progress billing ltr by the 3rd week of dec 2015 followed by Block E in Jan 2016. This is for the completion of stage 2A of the progress billing claim.
mybenz
post Dec 8 2015, 10:36 PM

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QUOTE(restful increase @ Dec 7 2015, 02:27 PM)
Block J will receive both the progress billing and also the above ltr notifying a change of chargee bank fr ambank to cimb. Ekovest refinanced the land to get a higher loan amt to improve their cashflow. Block H residents will be receiving their progress billing ltr by the 3rd week of dec 2015 followed by Block E in Jan 2016. This is for the completion of stage 2A of the progress billing claim.
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This is crazy. Refinance after sold. Ekovest cash flow so lousy need until the extent to go through all the fuss just to refinance? They need signature from all the buyers. That's desperate move. The next question is what if they could not get 100% return signature. What's next then? How the hell the dato got property man of the year? This is really joke of the year. Any taiko going to write in to ask what's going on?

This post has been edited by mybenz: Dec 8 2015, 10:37 PM
maldiniho
post Dec 8 2015, 10:44 PM

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QUOTE(mybenz @ Dec 8 2015, 10:36 PM)
This is crazy. Refinance after sold. Ekovest cash flow so lousy need until the extent to go through all the fuss just to refinance? They need signature from all the buyers. That's desperate move. The next question is what if they could not get 100% return signature. What's next then? How the hell the dato got property man of the year? This is really joke of the year. Any taiko going to write in to ask what's going on?
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Scary . If buyers don't sign that means they might run into cash flow problem. Worst case abandon the project ?

Anyone going to sign it?
ryan@chua
post Dec 8 2015, 11:29 PM

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QUOTE(mybenz @ Dec 8 2015, 11:36 PM)
This is crazy. Refinance after sold. Ekovest cash flow so lousy need until the extent to go through all the fuss just to refinance? They need signature from all the buyers. That's desperate move. The next question is what if they could not get 100% return signature. What's next then? How the hell the dato got property man of the year? This is really joke of the year. Any taiko going to write in to ask what's going on?
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Hearsay this datuk borrow money from ah long . .... something wrong with him liao, cash flow sweat.gif
ken8805
post Dec 8 2015, 11:59 PM

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really jia lat this time
mybenz
post Dec 9 2015, 12:00 AM

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QUOTE(ryan@chua @ Dec 8 2015, 11:29 PM)
Hearsay this datuk borrow money from ah long . .... something wrong with him liao, cash flow  sweat.gif
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Wah u so power. He borrowed from a long u also know. Really geng u
MEMC2
post Dec 9 2015, 12:03 AM

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This project is really jialat. I feel damn lucky to have skipped this project earlier. To owners of Ekocheras, I think you all should just close both eyes and pay the installment only. Keep taking pictures of the construction site is akin to watching paint dry. Just focus on your job, pay installment and pray hard that nothing goes wrong at Ekovest.
mybenz
post Dec 9 2015, 12:26 AM

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QUOTE(MEMC2 @ Dec 9 2015, 12:03 AM)
This project is really jialat. I feel damn lucky to have skipped this project earlier. To owners of Ekocheras, I think you all should just close both eyes and pay the installment only. Keep taking pictures of the construction site is akin to watching paint dry. Just focus on your job, pay installment and pray hard that nothing goes wrong at Ekovest.
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So jialat? They got duke and Duke 2 undercon and also bidding for bandar Malaysia wor... If no money how to build and bid...
ryan@chua
post Dec 9 2015, 12:50 AM

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QUOTE(MEMC2 @ Dec 9 2015, 01:03 AM)
This project is really jialat. I feel damn lucky to have skipped this project earlier. To owners of Ekocheras, I think you all should just close both eyes and pay the installment only. Keep taking pictures of the construction site is akin to watching paint dry. Just focus on your job, pay installment and pray hard that nothing goes wrong at Ekovest.
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Are you crazy, do you know how many buyers of this project here. Do you know finger kung-fu just able to get a unit here. You better delete your comment here, else you will cry.gif
Jagalat
post Dec 9 2015, 12:57 PM

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Just a raw suggestion....buyers with the notifying letter, would you like to gather at their sales gallery and request for a QnA session? What's your say?
Babizz
post Dec 9 2015, 01:04 PM

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QUOTE(mybenz @ Dec 8 2015, 08:36 AM)
This is crazy. Refinance after sold. Ekovest cash flow so lousy need until the extent to go through all the fuss just to refinance? They need signature from all the buyers. That's desperate move. The next question is what if they could not get 100% return signature. What's next then? How the hell the dato got property man of the year? This is really joke of the year. Any taiko going to write in to ask what's going on?
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6-12 months ago when i say cashflow bad n some internal story, many dont bliv me... to get 100% signature is so dam hard, how do you convince buyers?? whats in for them? any extra freebies? Duke progress how?

Main question still is how he JV n bid fr bdr msia at rm8b when he needs to refinance d land jus to top up a small amount??
Jagalat
post Dec 9 2015, 01:59 PM

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QUOTE(MEMC2 @ Dec 9 2015, 01:03 AM)
..
Keep taking pictures of the construction site is akin to watching paint dry...

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Bro, taking pictures is not for "akin-ing watching paint dry" but one way to monitor the construction progress bit by bit, at least to the buyers' interest.
Should there is a better viable solution, feel free to contribute.

(Thanks for sharing the link of Parkhill sales report)
HarpArtist
post Dec 9 2015, 02:38 PM

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QUOTE(Babizz @ Dec 9 2015, 01:04 PM)
6-12 months ago when i say cashflow bad n some internal story, many dont bliv me... to get 100% signature is so dam hard, how do you convince buyers?? whats in for them? any extra freebies? Duke progress how?

Main question still is how he JV n bid fr bdr msia at rm8b when he needs to refinance d land jus to top up a small amount??
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its a case of do and die, don't do also die.

if let ekv refinance, if anything go wrong its going to be nigh impossible to revive the project as so much money alr owed to the bank.

if don't high possibility ekv will fail to complete or cut all possible corners due to insufficient cash.

high wave rider never believe the naysayers until too late...same thing like mcity

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