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Investment ECO ARDENCE, SETIA ALAM, EcoWorld crafting Liveable Setia Alam

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Jasoncat
post May 2 2016, 10:26 AM

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QUOTE(Longshot @ May 2 2016, 08:58 AM)
u have my attention  rolleyes.gif
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+1
Jasoncat
post May 2 2016, 11:09 AM

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I wonder since when EW acquire a land bank in Setia Alam? JV? hmm.gif
Jasoncat
post May 2 2016, 12:44 PM

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QUOTE(samkps @ May 2 2016, 12:01 PM)
JV with Setia?  biggrin.gif  biggrin.gif  biggrin.gif 

If the news is true, I bet most likely is highrise + commercial.
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The reason why I suspect JV instead of dev on its own land is because EW being a listed co had never disclosed its land bank there or any recent acquisition hmm.gif

If JV with Setia then it will be very interesting biggrin.gif
Btw, PKNS still have unused land bank there?

This post has been edited by Jasoncat: May 2 2016, 10:05 PM
Jasoncat
post May 2 2016, 02:02 PM

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QUOTE(klangvalleyrookie @ May 2 2016, 01:21 PM)
Hearsay SPS not involved in this project. The land was acquired via private companies & will be injected into the listed company later.
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Hmm... Possible.
Jasoncat
post May 2 2016, 03:22 PM

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QUOTE(wil-i-am @ May 2 2016, 02:55 PM)
According to their latest AR, nothing was mention
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Subsequent to AR which is quite out of date already no material acquisition announced to the Bursa / public.
Jasoncat
post May 2 2016, 08:51 PM

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QUOTE(Rabel @ May 2 2016, 08:47 PM)
EW GNG project only strata title. Do u see any strata title project in setia alam?
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Boss, isn't Duta Villa strata-titled?
Jasoncat
post May 2 2016, 10:04 PM

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QUOTE(accetera @ May 2 2016, 09:53 PM)
Sibeh smart you all.

This will be a township like Setia Eco Park. It's a JV as of now.

Plans are underway to see how they want to go about the project. I cannot share details as of now.
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Boss any further insider news may move the share price of EW... PKNS still have any unused landbank there?

This post has been edited by Jasoncat: May 2 2016, 10:06 PM
Jasoncat
post May 2 2016, 10:12 PM

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QUOTE(Rabel @ May 2 2016, 10:06 PM)
Price will be sky high
Buy for investment sure die
Buy for own stay sure nice.
biggrin.gif  biggrin.gif
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Hehe... EW always price at premium. It really takes a bold step to invest in EW products considering the premium already eat into a portion of the upside.
Jasoncat
post May 7 2016, 06:28 PM

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QUOTE(ape @ May 7 2016, 06:19 PM)
Of cos 500 acres.  brows.gif
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True, else don't really see a point here for EW to JV unless that location is strategic or the JV partner is of importance to the brand value.
Jasoncat
post May 24 2016, 09:12 PM

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QUOTE(MoneyMaker prince @ May 24 2016, 02:38 PM)
Any details on this project? Couldnt find in EW website yet.
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Not on the website yet but if you click Register tab then you will notice this Eco Ardence is one of the many projects in their list.
Jasoncat
post Jun 9 2016, 11:41 PM

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Good. Lost the Eco Marina (GDV: RM10B) deal but immediately come with this (GDV: RM8.5B) Eco Ardence. thumbup.gif
Jasoncat
post Jun 10 2016, 12:17 AM

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Interested to see how it will compete with Setia Eco Park since Eco Ardence will be developed as luxury township as reported hmm.gif
Jasoncat
post Jun 10 2016, 12:59 AM

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It was reported earlier that "Jendela Hikmat owns 577.58 acres of land in Selangor and in Kuching". Since Eco Ardence is only 533.92 acres, it means the JV may extend EW's presence to Kuching, Sarawak with land for development of 43.66 acres hmm.gif
Jasoncat
post Jun 10 2016, 02:10 PM

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Official FB of Eco Ardence
https://m.facebook.com/EcoArdence/?_ft_=top...600350243473783



Attached thumbnail(s)
Attached Image
Jasoncat
post Jun 10 2016, 05:12 PM

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QUOTE(csdarkjedi @ Jun 10 2016, 04:59 PM)
Very shining indeed, still think ES is better 😄
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Smart choice hehe...
Jasoncat
post Jun 10 2016, 05:15 PM

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QUOTE(propertybbb @ Jun 10 2016, 03:16 PM)
Same o same o like other eco world prohects aiyo....must make architect work harder mah
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That's EW signature - grand entrance, roundabout and landscape. You can see similarities in most if not all of its projects.
Jasoncat
post Jun 10 2016, 05:21 PM

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QUOTE(mthc @ Jun 10 2016, 05:18 PM)
Jump ship ES to EA..
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Hmm.... why jump ship hmm.gif
Buy both so can 1 leg steps on 2 ships tongue.gif
Jasoncat
post Jun 11 2016, 09:22 PM

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QUOTE(wong8981 @ Jun 11 2016, 08:33 PM)
Waoo, a temprory sales gallery like eco sanctuary, they really wanted to push the launch within this year for 4billion target .
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Temporary but the set up & the feel in the gallery is :thumbsup:
Jasoncat
post Jun 12 2016, 03:28 PM

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Eco Sanctuary's GDV is RM8B for 308.72 acres whereas Eco Ardence's GDV is RM8.5B for 533.92 acres. Given that, it's reasonably to believe that Eco Sanctuary is still premium and priced higher than Eco Ardence in general.
Jasoncat
post Jun 15 2016, 01:00 PM

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QUOTE(garygan @ Jun 15 2016, 12:48 PM)
got rumors on whether:
Build-then-sell? or 2~ 3% discount upfront?  brows.gif
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I think BTS is not likely but upfront discount is possible.
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