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

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Jagalat
post Sep 21 2016, 01:23 PM

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QUOTE(BEANCOUNTER @ Sep 21 2016, 09:09 AM)
Didnt u spot the similarity btw ekocheras and empire city?
Both projects are too big and developers are too eager to complete the entire project in ONE GO?

Base on the pix....ekocheras progress is extremely slow...one month less than one storey being built.

Am sure the developer will apply to authority to have its building period extended with ground that they have changed the master plan to include a mall. Buyers that hope for delay hence LAD may up for a late surprise.

There is mo need to hope for delay vp bcos market is bad now and more supply is coming in. There will always be supply...and one will never know if futire will not be worse than current.

Anywhere 7xxsq for 1bedder is so yesteryear lioa....these days 7xxsq will have 2beds or 2+1......how to compete?
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So now I get a clearer statement on how you relate the two projects. No, I won't look at it it that way.

You are welcome to view the progress from post#4 first page. Back in 2015, the progress was even slower, until can be suspected to be abandoned. That time were really sweaty. Not saying now is good, but at least moving. Continouse monitoring is on.

Sinario assessment is required for at least mental preparation of potential action. Having LAD or not is one scenario assessed. Let the buyers handle that.

As for the design, duplex with one additional room is more competitive. Need to find alternative way to bridge the gap.

This post has been edited by Jagalat: Sep 21 2016, 01:30 PM
Jagalat
post Sep 21 2016, 01:29 PM

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QUOTE(gks @ Sep 21 2016, 10:27 AM)
Construction progress for ekocheras seems slow... But I think they will gain momentum when they build more typical floors.
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Base on the pictures of progress, I am thinking the focus is placed on the mall construction ie, B3 to L2 of all sites. So, the towers construction will carry on later.
Jagalat
post Sep 21 2016, 01:36 PM

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QUOTE(xyyap @ Sep 21 2016, 01:01 AM)
Too many theories

Delay is never Good.

Ekovest will deliver, it just a matter of time
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Better to have a collective scanario assessment from buyers to assess from many angles.
Jagalat
post Sep 21 2016, 01:38 PM

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QUOTE(jiu9999 @ Sep 21 2016, 10:32 AM)
Shares of Ekovest Bhd is suspended today
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Earned something from yesterday's high?
Any insider news about the "suspended" move?
gks
post Sep 21 2016, 01:40 PM

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QUOTE(Jagalat @ Sep 21 2016, 01:29 PM)
Base on the pictures of progress, I am thinking the focus is placed on the mall construction ie, B3 to L2 of all sites. So, the towers construction will carry on later.
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I believe the intention is to complete the project at one go, unlike some other integrated project like Tropicana Garden where block A & B will be VP-ed soon but the mall only will be completed by end of 2018.

Hence I observe the priority is to focus on all highrise portion and when they hit certain progress, they will focus on the remaining portion of the mall.
gks
post Sep 21 2016, 05:17 PM

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Ekovest will receive RM1.13b from EPF from the disposal of 40% equity in DUKE

http://www.bursamalaysia.com/market/listed...cements/5210141

However the announcement didn't mention what is ekovest'ss plan to do with the proceed.
Jagalat
post Sep 26 2016, 09:15 PM

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Discovered two clips today.
Shared earlier in chat group...

Enjoy watching
https://youtu.be/AhR0fV_c9kk

Second video... macam lego bricks
http://youtu.be/htI4Rs1odVw
Kobemom
post Sep 27 2016, 11:56 AM

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QUOTE(gks @ Sep 21 2016, 05:17 PM)
Ekovest will receive RM1.13b from EPF from the disposal of 40% equity in DUKE

http://www.bursamalaysia.com/market/listed...cements/5210141

However the announcement didn't mention what is ekovest'ss plan to do with the proceed.
*
There will be DUKE 3 and other property project in KL under Ekovest. I believe are for all these.
Jagalat
post Oct 9 2016, 10:38 PM

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Taken this afternoon.
BlkJ and its podium.
L3 in progress....
user posted image

This post has been edited by Jagalat: Oct 9 2016, 10:39 PM
Jagalat
post Oct 9 2016, 10:40 PM

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BlkH and its podium...
user posted image

This post has been edited by Jagalat: Oct 9 2016, 10:40 PM
Jagalat
post Oct 9 2016, 10:41 PM

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BlkE
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Jagalat
post Oct 9 2016, 10:42 PM

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BlkN
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Jagalat
post Oct 9 2016, 10:42 PM

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BlkA (office)
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Jagalat
post Oct 9 2016, 10:45 PM

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New......
BlkM or L (inner corner to Taman Mutiara Barat)
Started to reveal B2 already.
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TSaccetera
post Oct 9 2016, 10:57 PM

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Thanks for these pics and marking. rclxms.gif Jagalat
gks
post Oct 9 2016, 11:17 PM

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the photos shared by Jagalat not really picture how massive is the 12acre project. Ekovest is very ambitious by attempting to build everything at one go and with schedule H... do not have the upfront fund from buyers to do the all the current ongoing works...
Jagalat
post Oct 10 2016, 05:00 PM

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QUOTE(gks @ Oct 10 2016, 12:17 AM)
the photos shared by Jagalat not really picture how massive is the 12acre project. Ekovest is very ambitious by attempting to build everything at one go and with schedule H... do not have the upfront fund from buyers to do the all the current ongoing works...
*
Curious if this is internal info.
Thanks.
gks
post Oct 10 2016, 05:11 PM

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QUOTE(Jagalat @ Oct 10 2016, 05:00 PM)
Curious if this is internal info.
Thanks.
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As per schedule H developer only receive fund upon completion of works. Between completion of piling till the construction of parcel, there are carpark basement and mall which constructed either from internal or bridging loan.


Jagalat
post Oct 11 2016, 04:07 PM

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QUOTE(gks @ Oct 10 2016, 06:11 PM)
As per schedule H developer only receive fund upon completion of works. Between completion of piling till the construction of parcel, there are carpark basement and mall which constructed either from internal or bridging loan.
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So how did EKV make it for the period of post pilling till recent draw down billing(about one year window)? Where did they source the fund?
gks
post Oct 11 2016, 11:29 PM

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QUOTE(Jagalat @ Oct 11 2016, 04:07 PM)
So how did EKV make it for the period of post pilling till recent draw down billing(about one year window)? Where did they source the fund?
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Didn't the buyers signed the consent letter for EKV to refinance the land to CIMB for the fund?
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