Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 Eco Grandeur v2, by Eco World Development Group Bhd

views
     
DS4
post Sep 20 2016, 07:28 AM

On my way
****
Senior Member
670 posts

Joined: Aug 2016


QUOTE(kochin @ Sep 19 2016, 10:35 AM)
battle of north vs south.

ioi also launched landed in sepang.
*
KLIA, PUTRAJAJA, SEMENYIH VS IJOK, RAWANG, KUNDANG

PUNCAK ALAM VS PANGLIMA

KUALA SELANGOR VS SEPANG

BANGI VS SG BUAYA


DS4
post Sep 20 2016, 09:22 AM

On my way
****
Senior Member
670 posts

Joined: Aug 2016


QUOTE(BEANCOUNTER @ Sep 20 2016, 09:08 AM)
Why these days club house is a must?
Who is willing to pay for club house maintenance?

I believe EW has done good research to suggest that buyers of houses in this price bracket are more conern about other issues than a club house.

All developers are releasing smaller houses in order to keep their sellimg price down....
Actually the price of eG is not cheap at all...given the location and land tenure...their 30' wide home is around 700k...
*
Agree with you in term of pricing.
Not cheap actually.
Smaller size can slightly reduce the construction cost like materials
But in overall, won't affected much.
Clubhouse of course is all depend on personal preference.
Some senior citizen will consider this as additional burden especially those already retired from job.
DS4
post Sep 20 2016, 10:45 AM

On my way
****
Senior Member
670 posts

Joined: Aug 2016


QUOTE(kochin @ Sep 20 2016, 09:42 AM)
fully agree.
for same price, pound to pound, and without product differentiation, i would rather vest in one of those bungalows nearby instead.

if EG does make it, the neighbouring properties may ride on their success.
if EG does not make it, at least, your holding cost is way lower than owners of EG, right?

well i tok kok only lah.

hahaha.
*
You are right.
For the bulk supply of 1800units, it's very hard to expect good appreciation as u may face a lot competitor for subsale.
This has not take into consideration of upcoming and remaining supply with Grandeur itself.
Rimbayu first phase is a very good example.
I quite like theidea of Bungalow u mentioned.
Is product differentiation strategy....

DS4
post Sep 24 2016, 11:49 AM

On my way
****
Senior Member
670 posts

Joined: Aug 2016


These few days,
Eco World really promoting hard for Grandeur.
Flooding main page for most of the mainstream media.
The allocated budget for marketing and advertisement is high.
DS4
post Sep 24 2016, 01:31 PM

On my way
****
Senior Member
670 posts

Joined: Aug 2016


QUOTE(samkps @ Sep 24 2016, 12:30 PM)
Along these 3 years, EcoWorld seems like more focusing on expansion rather than development.

There have numerous launching within these 3 years on almost all the land banks they acquire, except only one or two plot of lands such as EcoForest in Beranang, which is still don't have any first phase launching yet.

I would said currently EcoWorld already "exhausted" on the land bank for first phase sales. 

The sales recorded of course are expected to be promising because all these launching are the first phase of their land bank, which usually can achieve the greatest sales. However, in the next phase of launching, sales will progressively become slower and tougher..

For sustainable sales on their subsequent launching, they need a flagship township that they can be proud of which essential in retaining the confidence of the consumer to continuously purchasing their subsequent launching on the same land bank, which normally shall be more expensive and harder for sales, especially during current market sentiment.

Township won't grow only with beautiful parks/landscape and aggressive marketing. Township growth need the developer to spend money to bring in all sorts of amenities during the initial stage. I really hope in the following years, EW shall be more focusing on the township development rather expansion.
*
Yes. I can see they have already try to increase the GDV proportion for Phase 1 development for the following reasons

1) To reduce overall time span for townships development, subsequently increase breakeven point for capital equity return.
2) They also not confidence with forecasted sales of second phase and therefore, increase volume and GDV for Phase 1.

If you are familiar with township development and used to study the cash flow pattern for townships development, you will realised that the highest challenges is during Phase 2&3 (assume overall 8to10phases)...

During this time, you will have to complete atleast 50% of your common infrastructure, 80-100% completion of special infrastructure, fully pay off land purchase. Sales starting to getting slow.....

As such, you can see many inexpensive township developers have change their game plan and change the development product from landed to high-rise, landed to commercial, some even quickly launch shop houses with lower profit but fast return in sales and collection.

I can see ECO World will having tough time for Grandeur and Sanctuary for next few yeArs onward.

Ardence still be alright as they JV with land owner's Cascadia.

Majestic luckily the land holding cost is not very high but Semenyih response is getting slower .....

DS4
post Sep 24 2016, 04:05 PM

On my way
****
Senior Member
670 posts

Joined: Aug 2016


QUOTE(samkps @ Sep 24 2016, 02:10 PM)
Practically, EW won't face great problem in cash flow as they have great partners including EPF on their projects. The challenging part would be how to maintain the sales momentum for their products on the subsequent launches in the same land bank.

EW should understand that all the sales they achieve today mainly is because of their precedent effort in Setia Alam and EcoPark, as there is none EW completed project for benchmark at the moment.

The spillover effect of Setia Alam and Ecopark in maintaining the sale will start to diminish when their early launches started to get completion. Purchaser shall not use Setia Alam / Ecopark as benchmark anymore and will started to analyze the completed project for early launching if really can generate outcome they expect for.

If the expectation is not met (for both own stayer and investor) on the project launch early, it will definitely impact the sales of subsequent launches heavily, especially on the products with higher price compare to previous launch on the same piece of land. This shall affect the sales of all projects, regardless JV or solely-owned.   

Sales is king for property developer, no sales no talk.
*
Should be alright I think,

Because I see this forum have many followers for ECO World.

They not even know the setting up, company record, past project performance,

Instead, believe on what is seen on a few numbers of beautiful show units.....

But this group of people is not smart invester,

Probably only a group of blind followers.

No one really look into EW annual report,

Look at their land bank,

How they value their assets.... thumbsup.gif rclxub.gif

DS4
post Sep 24 2016, 06:10 PM

On my way
****
Senior Member
670 posts

Joined: Aug 2016


QUOTE(csdarkjedi @ Sep 24 2016, 06:05 PM)
If u so smart why even bother to be in EW project forum 😝
Too much free time indeed
*
Calm down bro.

Doesn't means to make u angry.

DS4
post Sep 24 2016, 06:12 PM

On my way
****
Senior Member
670 posts

Joined: Aug 2016


QUOTE(quicksilver9832 @ Sep 24 2016, 04:45 PM)
Kindly refrain from making such holier than thou rhetoric - it's meant only showcase a reprobate mind

Assuming  your statement is true...I guess we also have many fair share of blind investors for sunway..ijm..sd...ioi..sp..mashing..but of coz jz because all these are matured big boys so investors are no longer that blind ? Going back 20 30 yrs ago there are ppl making similar remarks abt them too

Let's be fair to EW is new and fast in the market, sure enough nothing is perfect to the penny, well they do strive hard to listen and improve
*
No need to assume my statement is true,
Just need to check the annual report yourself.
Time for you to learnt and conduct financial appraisal to a company.
hmm.gif hmm.gif hmm.gif

DS4
post Sep 25 2016, 07:13 PM

On my way
****
Senior Member
670 posts

Joined: Aug 2016


QUOTE(propusers @ Sep 25 2016, 07:00 PM)
Some points I noticed today.

EG open the staff and BA left over units to public today.

Surprisingly buyer do not care about the surau. The units near the surau/garden is selling faster than the other.

First row Graham Type C facing garden with premium 25K (or 30K?) is selling faster than other rows Type C.

Majority chinese, follow by Malay. A lot of families.

Got free movie, free manicure, free massage, free hair cut, kids lego, kids sand art, free newspaper.

Free flow of food, cofffee, tea. Food is so so only.

Overall experience is good. Huge crowd. EW staff know how to do handle nicely and in order.
*
Yes. A lot people perception is landed property will never go wrong.
Either FH or LH is not important factor anymore.
Located wise, more and more people cam accept suburban.

DS4
post Oct 12 2016, 05:30 PM

On my way
****
Senior Member
670 posts

Joined: Aug 2016


Sure got chance if EW willing to do that.
Base on common development plan and scheduling for appointment and award of electric or m&e contractor,
This item will not so early to finalise,
Just need some minor design change,
The upgrade will materialized.
Eventually, the management are looking at the budget and actual cost incurred.
DS4
post Oct 12 2016, 08:14 PM

On my way
****
Senior Member
670 posts

Joined: Aug 2016


QUOTE(mascot_lim @ Oct 12 2016, 05:40 PM)
Yeah indeed......i hope it can b further enhance the house spec..... so next time when  we talk bout EW, it will be the guarantee of confidence....
*
Hopefully it will come tru as ECO really prioritize on BRANDING

DS4
post Oct 14 2016, 03:54 PM

On my way
****
Senior Member
670 posts

Joined: Aug 2016


QUOTE(nexona88 @ Oct 14 2016, 03:05 PM)
don't u think 20years a bit too long?  hmm.gif
*
I have got same feeling.
Should be between 8~~10years.

DS4
post Oct 22 2016, 11:17 AM

On my way
****
Senior Member
670 posts

Joined: Aug 2016


QUOTE(mascot_lim @ Oct 22 2016, 11:00 AM)
Eco grandeur wont have direct interchange to highway, except they will build one interchange next to eco biz park V which connected to LATAR.

Personally i dont think tat interchange will benefit us, unless u r working in KL n dun mind to jam thru jln kuching n pay hefty toll charges.
*
From Biz Park to LATAR still a few KM away.


 

Change to:
| Lo-Fi Version
0.0856sec    0.29    7 queries    GZIP Disabled
Time is now: 24th December 2025 - 12:38 AM