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.

All owners are welcome to join, it is created for you.

Pending Boss Jagalat to join since day one

Guys, heard there's a new development coming up behind Ekocheras with 4700+ residential units + hotel + offices. 2 towers apparently have 70 storeys.

Anyone has any info on this?

Not exactly sure how this might impact Ekocheras but I guess we still retain the closest proximity to the MRT station.

This population of people may also help sustain our Ekomall.

Any thoughts?

Can refer to the thread below...
Located behind Awanapuri..


https://forum.lowyat.net/topic/3804357

It's approx 3 times the total units of EKC...
Wonder if there direct access from MRR2.

Which one has better access to Jln Cheras?
Which one has better access to MRR2?
Which one is closer to MRT1?
Which one is the better hub to attract foot step to it's mall?
You be the judge ....

Ekocheras definitely. I think it could even work in favour of us (for mall success) if they can attract more people to the area.

I've viewed Tiara Heights super semi-d development (if the prediction of this massive project is where it is, then that cleared land next to the project as seen on the map is where Tiara Heights is) and asked about direct entry from MRR2 but they said no plans in place and indicated safety concerns.

But who knows, anything is possible in Malaysia ;-)

I just hope they will be good road planning to ease the congestion.

In any case, I'm excited for this new area and quite positive to see that they are further investments pouring into this local area. The size of the total development in this area could potentially challenge Velocity already.

I am excited too..

JMHO, a direct access from/to highway to a mall is one critical success factor. Wirhout it, the "Viva mall" will be a stranded mall and in this case, the entrence of EKC mall will grab some of visitors to "Viva Mall" ...

Back in EKC approval days, if I recall correctly, one of the conditions was to build the Uturn flyover
The new Viva project has 3x EKC units, they should build at least one for them (if not three)..