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

any source to verify this?
As per the SPA Sch H clause 2(1), it is clear that developer needs to get approval of purchasers, not notification. However, it seems nothing mention about refinancing of the land.

i thought the money only can be used for ekocheras project.

got the information from ekovest staff.

If what ekovest staffs saying is true, then buyers can just ignore the letter since developer will go ahead with refinancing anyway.

Buyers lose nothing by not signing the letter..

However.... the content of the letter does suggest they need the approval from the buyers.

Buyers, today, I had contacted the EKC owner's fb group admin, boss syong888.
He is aware of your PM.
Cheers...

BlkJ.... Taken last Sunday 6-Dec....
Starting to reveal wider B3 cement floor and a piece of B2 cement floor is also formed...
Can be a shading place when raining....

BlkJ... angle from left....6-Dec

The land linking BlkH and BlkJ is getting flatter and levelled between the two blocks....

BlkH ...Any difference from pictures previous weeks?

BlkN (Hotel)

Observed the number on the safety notice board(super zoom baru nampak) do roll each time l visit...
Salute them updating it...


This post has been edited by Jagalat: Dec 13 2015, 04:01 PM

All of the pictures above were taken last Sunday 6-Dec.

BlkH... best zoom after rain TODAY 13-Dec..... As the soil is wet, l can't walk to the 'island' to take picture.

BlkJ site, see the scaffolding of the ramp?
One may check with your B3/B2 parking map and visualize the actual width of BlkJ....


That's all for today.....

This post has been edited by Jagalat: Dec 13 2015, 04:34 PM

Thanks Jagalat, great pictures. Despite all the recent negativity by some posters, I'm pleased to see that the project is still progressing. It may not be as quick as we all would like it to be but at least it is progressing (i.e. not redundant).

The recent pictures (6th and 13th December) seem to have more observable significant changes so I guess it was indeed time consuming to prep the foundation (happy that they took their time rather than doing a half-baked job). I would rather have a delayed project than to sacrifice quality.

I suspect it will progress much quicker going forward as it'll probably be easier to build above ground than to dig holes.

As for the project itself, I'm still confident with the concept and location of the project. The completion of this project will only make trips to Leisure Mall more enjoyable with more to do and see.

I've been living in London next to an overground station (not all London stations are underground) and I honestly love the convenience of being connected to all other parts of London at my door step. Unless I have the need for a bigger home (which makes it not very viable to live in an apartment), I'll go with properties next to a station any day be it for investment or own stay. This applies to KL as well.

In terms of the tenant profiles, because the project is linked to an MRT station, we don't just get potential tenants from the local area but other areas linked to an MRT as well. I see this as a plus point for properties linked to an MRT station.

Nevertheless, as with all investments, there's always risks involved. In the case of EkoCheras, typically these will be risks associated with an off-plan project. This is also the reason why the value will generally increase as the project's building gets more visible since the earlier buyers would have been compensated (well, theoretically this should be the case but not guaranteed ) for the risk of non-completion. Say what you want, but having seen property prices in Australia, UK and Singapore, Malaysia still has one of the cheapest properties for international investors.

Keep up the good work with the updates Jagalat and those who have been sharing info and ideas / applying pressure to the developer when things don't look quite right. I know we have a facebook group but closer to project completion, it will be nice if we can formalise a group (eg. owner's committee or something) to represent the owners of EkoCheras. If we have a strong committee, then we will have a stronger voice which will then make it easier for us to make suggestions / apply pressure with regard to the management of the property post-completion. Given the size of the development, we could even consider having committees by blocks.

All the best to us.

EkoCheras will the centre of Cheras. It will give Cheras a new image! Definitely will be the most IN place in Jiulai.