Welcome Guest ( Log In | Register )

3 Pages  1 2 3 >Bottom

Outline · [ Standard ] · Linear+

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

views
     
soon9913
post Jul 15 2015, 09:01 PM

Enthusiast
*****
Senior Member
918 posts

Joined: Jan 2012
QUOTE(Alvelyn @ Jul 15 2015, 09:21 AM)
Buyer deposit kept with lawyer. Buyer can choose any lawyer firm

If abandoned, seller bear all the risk, safer than u buy from developer

Forummer who does not understand, don't anyhow comment
*
Bro how many sqf n high floor?
soon9913
post Jul 17 2015, 07:45 PM

Enthusiast
*****
Senior Member
918 posts

Joined: Jan 2012
QUOTE(takezhiro @ Jul 16 2015, 06:43 PM)
Here you go!
*
Thank you..!

Anyone knows the details plan of the shopping mall? Ie cinema operator? Anchor tenants..?
soon9913
post Jul 20 2015, 05:39 PM

Enthusiast
*****
Senior Member
918 posts

Joined: Jan 2012
QUOTE(Jagalat @ Jul 20 2015, 12:21 PM)
I received a call from lawyer firm two weeks back that my next payment should be sometime Aug/Sep..Mine is BlkJ low floor la....
*
Bro, the lawyer called u to inform the next payment date or for other purpose?
I haven't received any call yet
soon9913
post Jul 28 2015, 11:23 PM

Enthusiast
*****
Senior Member
918 posts

Joined: Jan 2012
QUOTE(restful increase @ Jul 28 2015, 07:08 PM)
i think very likely u will earn LD of 10% fr ekovest for their late delivery..
*
Those opted dibs is likely get LAD due the spa dated dec 13. I didn't opt dibs n my spa dated Apr 15..
soon9913
post Jul 30 2015, 01:06 AM

Enthusiast
*****
Senior Member
918 posts

Joined: Jan 2012
QUOTE(Jagalat @ Jul 29 2015, 10:28 AM)
Noted...
Just to confirm, the Apr 15 is Apr 2015? Or 15-Apr?
If Apr-2015, curious why SnP signing session can be delayed so long from booking time...
*
typo, should be Apr-14..
soon9913
post Aug 8 2015, 12:06 PM

Enthusiast
*****
Senior Member
918 posts

Joined: Jan 2012
QUOTE(Jagalat @ Aug 8 2015, 10:44 AM)
Glad to know that you appreciate TGV Cheras Sentral.

In case you have any news once GSC signed any MOU or agreement with EKC mall, pls share with us. Thanks

Also anyone knows which cinema brand will be at Velocity and MyTown?
*
Youcity will have cinemas as well?.. If yes looks like too many cinemas in jalan cheras, viva, cheras Sentral, velo, mytown, leisure mall, EKC?.. Youcity?
soon9913
post Aug 9 2015, 12:47 PM

Enthusiast
*****
Senior Member
918 posts

Joined: Jan 2012
QUOTE(ekorjiulai @ Aug 8 2015, 05:19 PM)
For EKC, we have approximately 1500 residential units. Assuming that on average we have 2 people living in each unit, that's a population of 3000 people within EKC development alone. I would expect the retail stores, f&b, cinema etc. to be self-sustainable even without any external visitors.
*
You got the point. Also residents from Connaught Tayton, office staff from the office block, tourists stay in the hotel....
soon9913
post Aug 15 2015, 09:24 PM

Enthusiast
*****
Senior Member
918 posts

Joined: Jan 2012
QUOTE(ekorjiulai @ Aug 15 2015, 04:56 PM)
Did some research and it seems that they manage a wide range of retail management from low to high end malls. They currently manage:

113 shopping malls
636 retail parks (i.e. street shopping concept)
87 leisure schemes

UK shopping scene is somewhat different whereby it is mostly street based shopping rather than indoors (ie shopping malls). However, I did manage to find 2 example shopping centres that they have been appointed as the management:

Princesshay shopping centre (anchor: john lewis, debenhams, next)
Fort shopping centre (anchor: Marks & Spencer)

John Lewis is an upper end department store (similar to Robinsons in The Gardens). Debenhams is a bit like aeon/metrojaya. M&S is somewhat in between. Next is a retail outlet which sells clothes etc. and is slightly higher than H&M.

Based on these findings, I would suspect that they tend to manage malls around Midvalley standards. But then again, it depends on the demographic as well and mall size. That said, they have also been appointed to advise (but not manage directly) Westfield London (ie. probably one of the biggest shopping malls in London and arguably Europe) on identifying prime shopping centre facilities (ie. acquisition).

So it seems like Savills is a good all rounder real estate management firm (as you would expect given the size of the company).
*
Thank you for your details analysis.
Do you know if they manage any malls in Malaysia/ Singapore or Thailand? ..

soon9913
post Sep 6 2015, 12:00 PM

Enthusiast
*****
Senior Member
918 posts

Joined: Jan 2012
QUOTE(restful increase @ Sep 6 2015, 12:24 AM)
i heard fr another staff of ekocheras that saville is not managing their mall. the mall will be self managed by internal ekovest management.
*
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!
soon9913
post Sep 6 2015, 12:40 PM

Enthusiast
*****
Senior Member
918 posts

Joined: Jan 2012
QUOTE(HarpArtist @ Sep 6 2015, 12:09 PM)
this dev does not have even a fraction of the cash needed to hire a good retail team la.
*
They have money and the major shareholder is top 20 wealthiest man in Malaysia. They bought the land 10 years back with a very cheap price and can easily get financing from it. If u see the financial report, yes it is true that the gearing of the company is high mainly due to financing for duke2 highway which is under construction.

It is just depend on how much margin they want to make from this project and whether the management is good enough to see longer term rental yield for this project by spending a little bit more money to hire a professional team to reduce the risk of this project!

I don't believe the rental can be high yield if everything also DIY ! And the appreciation of the property value also limited !
soon9913
post Sep 6 2015, 12:50 PM

Enthusiast
*****
Senior Member
918 posts

Joined: Jan 2012
Come on la! First mall and hotel engaged professional to managed and at the same time setup a management team to learn from this experience then only can say in next project that our management team will bring the same success story of retail mall and hotel in ekocheras to our next flagship project - Ekotitiwangsa project!
soon9913
post Sep 6 2015, 12:55 PM

Enthusiast
*****
Senior Member
918 posts

Joined: Jan 2012
QUOTE(HarpArtist @ Sep 6 2015, 12:46 PM)
shareholder is rich never equates to the company being rich.
*
I know. What I try to say is they can do it well if sacrifice a little bit profit margin by hiring a good team for good rental yield in long term!


soon9913
post Sep 6 2015, 04:46 PM

Enthusiast
*****
Senior Member
918 posts

Joined: Jan 2012
QUOTE(HarpArtist @ Sep 6 2015, 03:43 PM)
totally agree with you. but we know the typical cinaman malaysian style businessman tongue.gif
*
Bro there are chinaman companies doing good job.
soon9913
post Sep 12 2015, 08:08 PM

Enthusiast
*****
Senior Member
918 posts

Joined: Jan 2012
QUOTE(Jagalat @ Sep 6 2015, 05:35 PM)
BlkJ site taken yesterday..
Observe any difference compared to last picture .....
user posted image
*
The car park opposite to EKC is 70% completed..


Attached thumbnail(s)
Attached Image
soon9913
post Sep 20 2015, 06:21 PM

Enthusiast
*****
Senior Member
918 posts

Joined: Jan 2012
QUOTE(Jagalat @ Sep 20 2015, 05:12 PM)
No problem....

Front cover man....
http://propertyinsight.com.my/magazine/current-issue-2/#
http://propertyinsight.com.my/cover-story/...te-environment/

Almost every alternate week, we can read his article in nanyang siang pau weekly property page... (not promoting, me not a fan)
*
Ekovest boss said now is good time to buy property..
soon9913
post Sep 28 2015, 12:26 AM

Enthusiast
*****
Senior Member
918 posts

Joined: Jan 2012
QUOTE(neonikson1 @ Sep 27 2015, 10:28 PM)
No regrets on Ekocheras purchase! It will be a good buy!  thumbup.gif
*
tongue.gif
soon9913
post Sep 29 2015, 09:30 PM

Enthusiast
*****
Senior Member
918 posts

Joined: Jan 2012
QUOTE(restful increase @ Sep 29 2015, 08:34 PM)
My purchase price for block H high floor was rm570k. Quite steep price as i didnt enjoy the 5% price discount of block J. Dunno if there is a lot of upside as my purchase price oredi Rm760 psf.
*
No worries. Now selling at least RM600k..
soon9913
post Nov 6 2015, 09:50 AM

Enthusiast
*****
Senior Member
918 posts

Joined: Jan 2012
QUOTE(wl_n @ Nov 6 2015, 07:10 AM)
Does anyone expect the SA will tell any potential buyer or their customers tht the project completion will be delayed? LOL.
*
Sure will not delay if spa dated today. smile.gif
soon9913
post Dec 4 2015, 12:12 AM

Enthusiast
*****
Senior Member
918 posts

Joined: Jan 2012
Just received letter that block J asks for 10% progress payment
soon9913
post Dec 6 2015, 05:28 PM

Enthusiast
*****
Senior Member
918 posts

Joined: Jan 2012
Wondering why block J nv receive this letter but instead received progress billing letter.
Block J n E not on the same piece of land?..

QUOTE(maldiniho @ Dec 6 2015, 01:30 PM)
Here is the letter. What do they want now ? 

sad.gif

[attachmentid=5453041]
*

3 Pages  1 2 3 >Top
 

Change to:
| Lo-Fi Version
0.0871sec    0.60    7 queries    GZIP Disabled
Time is now: 11th December 2025 - 01:24 PM