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

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Jagalat
post Aug 17 2015, 10:28 AM

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BlkH site - zoom... some piles and perhaps a pile cap in progess
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Jagalat
post Aug 17 2015, 10:29 AM

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BlkE site ie yellow crane area, can't reach that far..Better view is to oberve from Jln Cheras
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Jagalat
post Aug 18 2015, 10:53 AM

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QUOTE(CMW123 @ Aug 16 2015, 10:18 PM)
http://www.msn.com/en-my/news/other/ekoves...sets/ar-AAaZzHv

what is your comment on the financial and cash flow position of the developer?
*
The news was 4 months ago.
I would like to know too their financial and cash flow situation.
I try not to speculate.

Other daikors, pls advise. Thanks
Jagalat
post Aug 18 2015, 11:47 AM

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QUOTE(neonikson1 @ Aug 18 2015, 12:31 PM)
Jagalat bro, better look at their quarterly report to know their cash flow status.
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Will do, bro, thanks... nod.gif
Any URL link to their quarterly report?

P/S: Saw you actively participating in Sendayan related thread recently. Should be making some profit there... hehe biggrin.gif

Jagalat
post Aug 18 2015, 04:08 PM

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QUOTE(neonikson1 @ Aug 18 2015, 01:08 PM)
[quote=CMW123,Aug 16 2015, 10:18 PM]
http://www.msn.com/en-my/news/other/ekoves...sets/ar-AAaZzHv

what is your comment on the financial and cash flow position of the developer?
*


Have a quick glimpse about cash flow on pg4 and observed some negative values (negative net cash from operating activities, negative net cash used in investing activities etc)
(I am no expert, just reading only)

CMW boss, what do you think?
(Believe you have something in mind)

Have yet seen their June report made available from the link...

Jagalat
post Aug 21 2015, 11:13 PM

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Weekend Side Track
http://www.theborneopost.com/2015/08/17/ek...n-duke-highway/

Ekovest in good stead with acquisition of 100 pct equity interest in DUKE highway
August 17, 2015, Monday

"On another note, Kenanga Research said that the major portion of the unbilled sales is from EkoCheras (gross development value (GDV) of RM1.6 billion) and expected to last until 2017."

Related PDF.
https://www.google.com/url?sa=t&source=web&...Zlt4jjvvJ_oBu3g




This post has been edited by Jagalat: Aug 21 2015, 11:17 PM
Jagalat
post Aug 23 2015, 03:20 PM

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Taken today, about 2 hours ago
BlkJ site
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This post has been edited by Jagalat: Aug 23 2015, 03:51 PM
Jagalat
post Aug 23 2015, 03:21 PM

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BlkJ site, taken from left angle
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Jagalat
post Aug 23 2015, 03:21 PM

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BlkH site, larger area dug..
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This post has been edited by Jagalat: Aug 23 2015, 03:23 PM
Jagalat
post Aug 23 2015, 03:23 PM

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Huge quantity and a big pile of metal/steel rods used for construction.
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Jagalat
post Aug 27 2015, 11:09 AM

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QUOTE(accetera @ Aug 17 2015, 06:40 PM)
Savills recently took over CB Richard Ellis Malaysia (CBRE).

Long time ago, CBRE did managed some malls as well, including the infamous SStwo Mall.
*
I hope Savills gets to learn what went wrong with SStwo mall.
In addition, both EKV and Savills should come out with the recipes in making the EKC mall successful.
http://www.nanyang.com/node/719199?tid=688

Jagalat
post Aug 27 2015, 12:19 PM

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QUOTE(takezhiro @ Aug 27 2015, 12:59 PM)
very sad to see cheras central many retail moving out
*
I am sad too.
Since Cheras Sentral lost its interchange status(not in new proposed MRT2 alignment), Mayland and its mall management unit really have to put in more effort in sustaining the mall.
Jagalat
post Sep 6 2015, 05:18 PM

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QUOTE(soon9913 @ Sep 6 2015, 01:50 PM)
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!
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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
Jagalat
post Sep 6 2015, 05:35 PM

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BlkJ site taken yesterday..
Observe any difference compared to last picture .....
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Jagalat
post Sep 6 2015, 05:35 PM

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BlkJ site taken from left angle ......
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Jagalat
post Sep 6 2015, 05:36 PM

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BlkH site ......
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Jagalat
post Sep 7 2015, 05:03 PM

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QUOTE(Babizz @ Sep 6 2015, 09:52 PM)
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  rclxm9.gif  rclxm9.gif
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
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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!
Jagalat
post Sep 10 2015, 05:16 PM

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QUOTE(restful increase @ Sep 10 2015, 04:29 PM)
convesely if u see malls that are not doing so well besides smallish in size (normally below 700 sq ft NLA), they are typically surrounded by residential houses or service apartments but do not hv much integration with corporate offices which are fully tenanted. A few examples are Paradigm mall, Tropicana mall, Atria, Quill, Jaya Mall, The 19 USJ City mall and SS2 mall. These malls are not thriving as they do NOT have constant foot traffic from white collar office workers working in nearby corporate office towers. With 40 new malls set to open by next year, i wonder how these malls will survive when intense competition sets in for these retail malls.
*
So bro, what would you like to suggest for the EKC mall management team?
To monitor the performance of the 40 new plus existing old malls for the next year and re-strategize?
I hope they are reading this forum.

This post has been edited by Jagalat: Sep 10 2015, 05:17 PM
Jagalat
post Sep 11 2015, 04:18 PM

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QUOTE(restful increase @ Sep 10 2015, 08:04 PM)
EKC should look into how to get their corporate office tower be fully tenanted by MNC companies and also big listed companies.  As a general rule of thumb, mncs normally pay 20 to 30% more than local companies. By getting these better paid workers into their corporate office tower, these workers have more disposable income to spend at ekomall which is good for the business of the food and retail shops. This is key to the success of ekomall. the resi units alone cannot fire up the biz of the mall. The "normal' residents at block J, H and E will leave at 730 am to work to beat d jam and rtn late maybe 8 to 830pm, not leaving them with much discretionary time 2 shop. Only the retirees got lots of time to hang around eko mall but retirees do not have active income anymore so they will be careful with their spending. This group would not be able to drive the ekomall biz. The high paid white collar workers working in the  corporate office tower can drive the eko mall business. So attention should be paid to filling up ekocheras corporate office tower with mnc companies and other big stable malaysian companies who are good pay masters. The mall need to leverage on the tenants of the corporate office tower as their key stable customers, then the hotel guests and lastly the residence staying in block J, H and block E.
*
Well say bro..
Thanks for the analysis of suggested key success for Ekomall.
Have also read your similar comment from you have been spelt in the MCT REO thread.

The Ekocheras has a few different scenarios
1) Unlike MCT mall having the planning and execution to bring in more MNC companies, the office units of EKC are sold to public(EKV may keep a little).
Hence, I am not sure how the MNC companies would like to setup their offices by renting from public
2) According to the video of river of life, EKV's HQ will be built there (ie not in EKC)
3) There are commercial area opposite to Ekomall, ie the retail shops at Tmn Segar and Leisure Mall.
What can Ekomall do to leverage and draw crowd from Tmn Segar commercial area.
4) Ekomall is located within established and mature surrounding(Tayton View, Mutiara Barat, Billion, Awana Puri.
There are will be less development. What can Ekomall do to target this group of nearby "residential" customers?
4) Via MRT, Ekomall is connected to Kajang side.
What are the main features Ekomall can/will have to attract crowd from Kajang direction?

Any further analysis and suggestions are welcome.
Thanks a lot, bro.

flex.gif

This post has been edited by Jagalat: Sep 11 2015, 04:33 PM
Jagalat
post Sep 20 2015, 03:28 PM

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