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

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Jagalat
post Dec 13 2015, 03:54 PM

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BlkN (Hotel)

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

This post has been edited by Jagalat: Dec 13 2015, 04:01 PM
Jagalat
post Dec 13 2015, 04:32 PM

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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.

user posted image
Jagalat
post Dec 13 2015, 04:32 PM

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

That's all for today.....

This post has been edited by Jagalat: Dec 13 2015, 04:34 PM
ekorjiulai
post Dec 13 2015, 06:12 PM

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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 wink.gif ) 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.
MrHunter
post Dec 13 2015, 10:54 PM

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EkoCheras will the centre of Cheras. It will give Cheras a new image! Definitely will be the most IN place in Jiulai.
syong888
post Dec 14 2015, 09:27 AM

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QUOTE(Jagalat @ Dec 10 2015, 10:50 PM)
Buyers, today, I had contacted the EKC owner's fb group admin, boss syong888.
He is aware of your PM.
Cheers...
*
All owners are welcome to join, it is created for you.

Pending Boss Jagalat to join since day one tongue.gif
ekorjiulai
post Dec 14 2015, 02:47 PM

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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?
Jagalat
post Dec 14 2015, 03:01 PM

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


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

Jagalat
post Dec 14 2015, 03:08 PM

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QUOTE(ekorjiulai @ Dec 14 2015, 03:47 PM)
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?
*
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 ....
ekorjiulai
post Dec 14 2015, 03:38 PM

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QUOTE(Jagalat @ Dec 14 2015, 08:08 AM)
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.

Jagalat
post Dec 14 2015, 03:59 PM

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QUOTE(ekorjiulai @ Dec 14 2015, 04:38 PM)
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)..



CMW123
post Dec 15 2015, 04:52 PM

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Has the refinancing to CIMB been completed?

Anyone sign and return the letter to developer?
Babizz
post Dec 15 2015, 06:31 PM

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units in d new project will b cheap due to high dense.. will compete n flood d ekc market.. will also help ekc mall but lets see how this ekc malls turns out with gd loc yet management sad.gif if retailer no confidence in mall owner they wnt go in.. 1 vry famous example in the ciry centre
soon9913
post Dec 15 2015, 11:34 PM

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Anyone knows the development on the piece of land opposite to ekocheras? .. Saw there is fencing

This post has been edited by soon9913: Dec 15 2015, 11:37 PM
soon9913
post Dec 15 2015, 11:38 PM

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QUOTE(Babizz @ Dec 15 2015, 06:31 PM)
units in d new project will b cheap due to high dense.. will compete n flood d ekc market.. will also help ekc mall but lets see how this ekc malls turns out with gd loc yet management sad.gif if retailer no confidence in mall owner they wnt go in.. 1 vry famous example in the ciry centre
*
Recently heavy rain no flood.
Jagalat
post Dec 15 2015, 11:48 PM

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QUOTE(soon9913 @ Dec 16 2015, 12:34 AM)
Anyone knows the development on the piece of land opposite to ekocheras? .. Saw there is fencing
*
You mean the formal Yap Brothers Auto area?
If so, someone asked before but no reply yet.

ryan@chua
post Dec 15 2015, 11:52 PM

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QUOTE(soon9913 @ Dec 16 2015, 12:38 AM)
Recently heavy rain no flood.
*
Not only heavy rain, already thunderstorms , sign of tragedy
xmas.gif xmas.gif
mybenz
post Dec 16 2015, 06:53 PM

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QUOTE(ekorjiulai @ Dec 13 2015, 06:12 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 wink.gif ) 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.
*
well said... all the unit of SOHO smallest had been taken up according to SA , can see that people still willing to take it despite paying higher than the earlier buyers. For long run is not a bad buy provided they completed the project.
mybenz
post Dec 16 2015, 06:58 PM

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QUOTE(ekorjiulai @ Dec 14 2015, 02:47 PM)
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?
*
i see this as a good effect, this will provide price push to EKC, i can't see there is competition but this one does not come with mrt.
although there is a mall, but having a mall deep inside is not favourable.

The ekc will be the yardstick in term of rental and selling price , if both project is having the same price point for rental and selling, as a customer which one will you choose? the option is clear.

now the question is which project will be completed first to get the first pool of customer for rental and subsales.
Jagalat
post Dec 16 2015, 09:09 PM

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QUOTE(mybenz @ Dec 16 2015, 07:58 PM)
i see this as a good effect, this will provide price push to EKC, i can't see there is competition but this one does not come with mrt.
although there is a mall, but having a mall deep inside is not favourable.

The ekc will be the yardstick in term of rental and selling price , if both project is having the same price point for rental and selling, as a customer which one will you choose? the option is clear.

now the question is which project will be completed first to get the first pool of customer for rental and subsales.
*
Curious, is the first pool of customer for rental and subsales critical in the case?


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