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

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neonikson1
post Aug 18 2015, 11:31 AM

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QUOTE(Jagalat @ Aug 18 2015, 10:53 AM)
The news was 4 months ago.
I would like to know too their financial and cash flow situation.
I try not to speculate.

Other daikors, pls advise. Thanks
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Jagalat bro, better look at their quarterly report to know their cash flow status.
neonikson1
post Aug 18 2015, 11:56 AM

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QUOTE(Jagalat @ Aug 18 2015, 11:47 AM)
Will do, bro, thanks...  nod.gif
Any URL link to their quarterly report?

P/S: Saw you actively participating in Sendayan related thread recently. Should be making some profit there... hehe  biggrin.gif
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Yep... am exploring seremban area, quite interesting. smile.gif
neonikson1
post Aug 18 2015, 12:08 PM

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Ekovest Berhad quarterly report.

http://ekovest.listedcompany.com/misc/quar...rt_20150331.pdf
neonikson1
post Sep 6 2015, 10:46 AM

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QUOTE(accetera @ Sep 6 2015, 10:24 AM)
Hearsay Ikon Connaught rental drop to flat RM1,000 per month only. Jia lat... Babizz
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40 new malls entering to Klang Valley competition by next year! Retail business faces the biggest challenge of all time!

http://www.thestar.com.my/Business/Busines...tail/?style=biz
neonikson1
post Sep 6 2015, 12:15 PM

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QUOTE(soon9913 @ Sep 6 2015, 12:00 PM)
Understand each n every businessman wants to maximise the return of investment. But they are not professional in this field, they should engaged professional to manage the mall and hotel although need to pay hefty management fee. This is high end project with the tallest building in Cheras may end up like a pasar malam project if manage by an inexperience team. it is like experiment project for them to test their internal staff capability to run mall n hotel.
How can a construction and development company run mall and hotel ?? In my opinion, they are just too selfish and put too much risk to the buyers like us!
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Hope this is not the case. It will be devastating if it is.

Based on its location and MRT connection, EkoCheras Mall could very well be one of the best mall in town. Don't waste it!
neonikson1
post Sep 9 2015, 06:29 PM

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QUOTE(restful increase @ Sep 9 2015, 12:03 AM)
if u look at successful malls besides the size (tends to be at least 1.2 m sq ft NLA at least), another impt factor is that they all are connected to or located very nearby corporate office towers that are highly  occupied. Bandar Utama has 1 First Avenue, Plaza IBM, KPMG tower. These 3 office towers are fully occupied. Midvalley has Boulevard n Arcc Offices, KLCC Sunsuria has petronas twin tower office, menara maxis, menara public bank, menara TA, Wisma Selangor Dredging.  Even Pavillion has Menara Standard Chartered and Wisma Genting just barely 60 metres away. These fully occupied office blocks provide constant foot traffic to the malls daily besides tourists. But tourists are seasonal only, whereas white collar offices provides the daily turnover. If ekocheras mall is to succeed, then the developer better make sure their office tower is highly occupied (80 to 90%). If not the mall will become a white elephant in due time. The residential units alone are not sufficient to fire up the mall biz. Why? bcoz most of the "normal" residents leave home at 745am (ir earlier) to go to work to beat the jam and return home at 8 to 830pm. So thr is very limited time for them to visit their mall downstairs, whereas office workers with only 1 hour lunch have not much choice but to eat inside the mall or food court as they dont have much time to venture outside. In between they will also visit retail outlets to purchase their needed items as it will b very convenient for them to do their shopping since their offices are located within the integrated project.
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Good analysis!
neonikson1
post Sep 27 2015, 10:28 PM

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QUOTE(ekorjiulai @ Sep 17 2015, 11:53 PM)
Doubt so as prices have already increased since then if you've gotten in earlier. If you sell at launch price, I'm pretty sure it will sell so your downside is limited.

I heard block J and H have been fully sold recently from a vested sales agent with 1 drop out 762sqft unit but asking for 560k.

I might be biased but I do genuinely think that this is a strategic location in Cheras. I believe there was a discussion previously that regardless of the mall success, it is still a good buy as the mall is just an icing on top given its location. Leisure Mall is just around the corner too and with a covered link bridge to the MRT station, it is a commuter's dream to live in one if they work in the city. Say goodbye to traffic jams and car maintenance costs (subject to the MRT being efficient of course).

Go for the long game and I believe you'll be quids in. As long as you have the holding power, you can demand a price. If price is low, then keep holding on to it and rent it out. Once everything is up and running for Cheras (eg. Ikea, velocity, mrt etc.), i think value will start pouring in.

All I wish right now is that the developer takes this development seriously by ensuring the property finishes on time, has a good quality finish and good maintenance and management of the property on an ongoing basis upon completion. The potential is there so it will be a shame for the developer not to take this opportunity to build a solid passive income for their future earnings. If the mall is a success, then I reckon this will be one of the best developments in KL South.
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No regrets on Ekocheras purchase! It will be a good buy! thumbup.gif
neonikson1
post Oct 13 2015, 07:50 PM

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QUOTE(ekorjiulai @ Oct 11 2015, 07:19 PM)
Thanks for these updates Jagalat, very much appreciated.

Be rest assured that there are people checking out this forum regularly and reading your posts silently (like me..!). Keep up the good work. Hopefully the building height will go above the ekocheras road banners soon!
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Just like me, i am still keeping track on the development but a bit quiet only. tongue.gif
neonikson1
post Oct 13 2015, 07:53 PM

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QUOTE(restful increase @ Oct 3 2015, 06:25 PM)
Actually there r many service apartments or soho which have  direct link to mrt/lrt. Youcity, saville@cheras, sunway velocity, Maxim@Cheras, Netizen@Bandar tun hussein onn just to name a few in Cheras alone. I wonder why the forummer named Ekocheras as the best as there are many other similar developments in Cheras.
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There was a report analysis done by the real estate specialist on the 12 MRT linked properties, and EkoCheras was rated No. 1 among them. I believe that article was shared in this forum, but have to dig it out.

This post has been edited by neonikson1: Oct 13 2015, 07:54 PM
neonikson1
post Oct 13 2015, 10:28 PM

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QUOTE(Jagalat @ Oct 13 2015, 10:06 PM)
Wow...you have good memory...
No need to dig la...
https://forum.lowyat.net/topic/3235184/+1906
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You have better memory! thumbup.gif
neonikson1
post Oct 26 2015, 03:33 PM

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QUOTE(Jagalat @ Oct 26 2015, 03:05 PM)
Thank you for checking on them.
Do they aim to publish the periodic update?
I just checked the Ekocheras.com, seem no update.

Need buyers to consistently checking on them. There is a property fair this coming this week.
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Will check it out this weekend!
neonikson1
post Jul 6 2016, 03:23 AM

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QUOTE(Jagalat @ Jun 27 2016, 10:47 PM)
BlkJ has more concrete cement wall...
user posted image
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Thanks for the update! Haven't checked on their progress for a while, looking good!
neonikson1
post Mar 15 2017, 01:48 PM

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QUOTE(Jagalat @ Mar 15 2017, 11:37 AM)
No rush.... Just monitor its progress...
Also need to monitor if other projects with late vp, has any problem in LAD, as reference ...
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Checking in after a long while, Jagalat bro you are doing a fantastic job in monitoring Ekocheras's progress! Thumbs up for you! thumbup.gif thumbup.gif thumbup.gif
neonikson1
post Mar 15 2017, 03:53 PM

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QUOTE(BEANCOUNTER @ Mar 15 2017, 03:51 PM)
I experienced deveoper. To eager to launch but last min changed their masterplan.
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That's a main reason for the delay....
neonikson1
post Mar 15 2017, 07:35 PM

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QUOTE(Jagalat @ Mar 15 2017, 05:18 PM)
Thx... It's glad to read your post here, after "returning" from BSS forum....
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Yeah... BSS is done man, already collected keys last week! Hopefully we get to collect keys from EkoCheras sooner! sweat.gif
neonikson1
post Mar 16 2017, 12:50 AM

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QUOTE(propertybbb @ Mar 15 2017, 10:57 PM)
Take ur time man....long way to go...wait la..all ekc buyers are happy.
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No worries bro, I am DDWWBBB on EKC. thumbsup.gif
neonikson1
post Mar 16 2017, 12:56 AM

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QUOTE(Jagalat @ Mar 15 2017, 09:07 PM)
 
For me, don't mind if it is late as long as there's LAD...
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Just sharing....


Claiming Damages for Late Delivery of Vacant Possession of
Private Houses in Malaysia: Legal Issues and Challenges

One of the main duties of the housing developer under the statutory sale and purchase agreement is to
complete the construction of the house on time. Under the Malaysian housing law, the period of completion
and handling over vacant possession for landed property is 24 months and for sub-divided building is 36
months. However in practice, very rare buyers get the keys to their houses on time. According to clause
20(2) of Schedule G of the Housing Development (Control and Licensing) Act 1966, the buyer is entitled to
claim for Liquidated Ascertained Damages (LAD) for the delay in completion. It is a statutory remedy to
compensate the buyer for the failure of the developer to fulfill his obligation under the agreement to hand
over vacant possession on a specific date. The LAD should be calculated from day to day at the rate of 10%
per annum of the purchase price. However claiming the LAD is not as simple as it supposed to be since
most of the time the developer refuses to pay the LAD for various reasons. Thus a claim for LAD needs to
be filed in the court or the Tribunal for Homebuyer Claims. Nonetheless winning the case does not
guarantee that the buyer will receive the compensation.


International Review of Management and Business Research Vol. 3 Issue.2


This post has been edited by neonikson1: Mar 16 2017, 12:58 AM
neonikson1
post Mar 27 2017, 04:57 PM

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QUOTE(Jagalat @ Mar 27 2017, 12:07 PM)
26-Feb  L8.5 in progress 
26-Mar  L10.5 in progress
Looks like it....

Personal view, no need that fast...
Steady and consistent is better....tongue.gif

Need to wait for the other block....
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make sure they are solid.... sweat.gif
neonikson1
post Mar 27 2017, 04:58 PM

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QUOTE(The Jedi @ Mar 27 2017, 01:55 PM)
Thanks Jagalat for the updated infor

The overhead pedestrian bridge looks wide... thumbsup.gif
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one of the Selling points! rclxms.gif

 

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