Don't spread rumors la, he won't be stupid enough to borrow from loan shark.

Im not a buyer of ekc. What i wan to say is that, when a corporation trying to refinance to other banks, it could be due to many reasons but not neccessarily bcoz of tight cash flow. It could be due to better interest rate / longer loan tenor offered by the bank OR is their corporate strategy to extend their banking relationship with other larger banks for future expansion OR maybe the land value has appreciated over the years that allow them to get higher loan margin to fund other projects. For individual like us, we may view an additional loan would caused us higher commitment, but for large corporation's view, additional borrowings may be their 'weapon'' to grow the biz and eventually turn better ROI. I believe big bank like CIMB has already evaluated eko biz performance b4 they lending out the $, especially if the loan amount involved few hundred millions RM or more. Just my 2cents

You city almost completed, ekc still doing piling... gg liao

Likely need money for Bandar Malaysia project.

Agreed that they are many reasons for refinancing, but should ekc not do so for properties/land which do not require hundreds of buyers' consent before it goes through?

Any other buyers experienced this before?

No way they will get all signatures. Unless they provide incentive. Additional free carpark bay ll be great.

Only heard of developer getting consent for land initially not charged but subsequently need to get loan which is a messy process

I think they not only need to get purchasers consent but maybe also the end financiers consent

Actually they should call a briefing session for all purchasers...

will u sign the letter if no incentive for u? i bliv some r overseas n wont be able to sign it etc..

Jagalat kor, may i suggest that u start a whatsapp discussion group and whoever want to join can pm their mobile no. to u.

Thank you Sir for your effort in helping all purchasers to keep track of the construction progress all the time!!

Can nominate someone to sign on behalf of you. I've checked this as I'm based overseas...

I guess even if you prefer to sign it yourself, you can ask that the letter to be couriered to you.

I have the same letter too, my unit in Blk H

I support on this :)

So many units here, thousands buyers can all gather to approach the developer.
This project can be finished lar, just material, workmanship no longer to be good, have to cut cost. Lol

There has been a Facebook group created for owners.
I try to avoid redundency of communication effort/platform...

https://forum.lowyat.net/topic/3021334/+1864

But if most buyers in this forum prefer to use whatapps chat group, then l can setup one.

Lol. Thousands High density development. Whatsapp group notification can finish up your phone battery.

We have 99 owners in Damansara Foresta whatsapp group now...max is 100

Everyone is enjoying themselves and benefiting from the information sharing...

EKC has already refinanced the land for a bigger loan sum with or wihout your consent. The letter is just a notification notice to the buyers. The refinancing has already been completed. Personally i am not too concerned if the project delays till 2018. The property mrk will still be in a doldrum till end of 2017 judging fr anecdotal observation which is largely contributed by oversupply of apartments, low oil price, inflation. Let the mrt run its course at the end of 2017 first b4 getting VP for this project. Also retailers are not having a good time now so best let Eko Mall launch in 2018. By then there maybe an upturn in the economy hopefully.

So if u guys wanna do a song & dance in front of the developer, leave me out of it..

ya there is this possibility, the land valuation chargee to Ambaxk could be ages old, refinance to cimb based on current value will give them a huge cash out for another projects.
the only good thing is cimb already approved means they have the ability to borrow such a huge amount based on paper.
Cimb so kiasi and bank wont do losing business, if ekovxt not good enough, why cimb want to lend them?

you are the best!
he borrow from ah long you also know
where you buy, i want to follow you