i'd seen some pics of the loft.
i'll be a little cautious whenever somebody is using the upper floor.
everything is hanging to the soffit of the slab/beams above.
looks a bit fragile.
couldn't fathom when heavy action is ongoing on the upper floor. dunno whether will shake or not. lol.
strangely can't find pics of their facilities?

Bond market is regulated by SC. Despite this, bondholders take their own risk in investing in the bonds. SC does not guarantee non default of any bonds.

Bond market is not regulated by RAM

RAM is only a rating agency.

lol... highly regulated by RAM? haha.... is it typo or you really meant it?

His quote is taken out of context.

If RAM rated it as junk bond with high risk, no investors are willing to buy it.

got photo to show or not....after money faced meh agents accuse u of lying
remember b4 CNY they said all is ready

Those working in high rise in D Perdana or M Damansara should be able to tell better. I passed by this EC a few times for past few weeks and see no progress. If I had bought a EC unit I would be very worried.

My regular prop agent told me this one person owns 10 units. I can only wish this lucky guy all the best.

i was staying at DP from Jan-June. and before that stay another place nearby and drive by quite a lot... TBH, looks like no progress at all... well no noticable progress. dunno about individual buildings, but the entire thing as a whole looks like crap all has been done for the past year or so. the best tellers of progress are those in the SOHO/office units overlooking EC.

This post has been edited by panda-man: Aug 4 2016, 09:40 AM

Are all the 10 units VPed? If yes , at least better than not VPed. Can be rented out irrespective of completion of the mall?

pls take this as a joke.

VP means have to pay in full and serve installment in full.
have to commence payment of maintenance fees.
have to undertake transfer fees, quit rent, assessment, insurance, etc.
have to pay deposit and pay minimum charges for all utilities.

no VP means pay less interest, without final certification, and can opt not to pay any of recurring prop retention fees.

VP'ed product is only good if it serves a purpose and is in demand.

Those that have the ability to buy 10units in one go...dun really rely on the project to vp in order to put food on table lah...maybe feel like mozzie bite nia....

Dun be sleepless over it.....ok?

On the other side of the coin, maybe this is a good hindsight to put his investment strategy in order?

No reason for me to be sleepless over EC. I do not have a unit there.

The one lucky guy with 10 units at EC should be sleepless. How to sleep when he stands to make a million plus (probably RM2 mil) over his 10 units? I also cannot sleep if I stand to make up to RM2 mil over 10 units in EC.

Lucky fellow, 10 units in EC. I one unit also dont have.

At least can rent out to cover installment. Better than 90% completed.

http://www.theedgeproperty.com.my/content/...working-capital

No wonder. Bonds on ES is more workable. But I wonder if amount raised(if successfully issued) is enough for working capital. The talk about the 2nd phase is of course to be consistent with their plan all along . Nothing is sure until erected. Talk is cheap .

still got ppl believe them and invest on phase 2? a big NO for me

assuming valuation really can get RM600mil over 350k nla sf.
that's approx RM1.7k psf.

consider high. very high.

and out of this valuation of 600mil, how much do they owe financial institutions?
if they are going for collaterized style, net net could be a few hundred mil?
can the few hundred mil be sufficient to complete EC?

some good read on bonds:
http://www.investopedia.com/articles/inves...issue-bonds.asp

"Types of Bond Options
One of the more interesting options companies have is whether to offer bonds backed by assets. Bonds that give investors the right to lay claim to the company’s underlying assets, in the event the company is unable to make its promised interest payments or repay its loan, are known as “collateralized” debt. In consumer finance, a car loan or home mortgage are examples of this type of debt. Companies may also issue debt that is not backed by underlying assets. In consumer finance, credit card debt and utility bills are examples of uncollateralized loans. Loans of this type are called “unsecured” debt. Unsecured debt carries a higher risk for investors, so it often pays a higher interest rate than collateralized debt."


on a positive note, at the very least MEH seems to be actively seeking some ways to complete their prized jewel. no signs of abandonment ... yet.

buyers, pray.

good luck!

Believe issuing bond alone may not be sufficient.

better just sell it all out la, issue bond Tok 7 meh!

So Empire Resident LAD will be issue as Bond instead of cash too ? and all the contractors and supplier dept will be issue as Bond ? Perhaps the employees salary too ?

This post has been edited by Giant: Aug 4 2016, 12:10 PM