EcoFirst will explore other business opportunities too, including joint ventures with landowners and the rejuvenation of abandoned projects, to further enhance future performance. This company is worth putting on your watch list
South City Plaza are contributing approximately RM14 million in annual revenue to the company but ECOFIRST short-term development focus will remain on their property business.
As one of the established neighborhoods close to Kuala Lumpur, Ampang has seen consistent appreciation in property values. EcoFirst’s development could further enhance the land value in the area, attracting both buyers and investors
I think the property market performed strongly in the third quarter of this year with over 112,000 transactions worth RM57.31 billion. Hence, property stocks are rising
Probably in the future ... Meanwhile, Ecofirst will focus on property development first, especially The Ampang Ukay township, a 67-acre prime freehold land development with a gross development value of more than RM8 billion
Its KL 48 property, a modern high-rise residence with free shuttle service and just 500m from the nearest MRT and LRT stations, will have high take-up rates too
No idea, 100Mark. All I know is that EcoFirst’s current order book includes the following key developments:
1) KL48 Project: A RM1 billion gross development value (GDV) project in Chan Sow Lin, Kuala Lumpur. It includes two 47-story towers and retail units, scheduled for completion in 2027.
2) Ampang Ukay Development: A flagship RM5 billion mixed-use project spanning 35.21 hectares in Ampang Jaya. This long-term project includes residential, commercial, and institutional buildings, providing a 12-year development pipeline.
Just a rough estimation. The ongoing property development project KL48 (RM591.66 million units sold; approximately RM127.9 million unsold units) and the carpark works at Block A and Block B will generate significant revenue for the company
ECOFIRST short-term development focus will remain on their property business while South City Plaza are contributing approximately RM14 million in annual revenue to the company
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
JustinX78
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Posted by JustinX78 > 2 months ago | Report Abuse
The company will develop its remaining approximately 67 acres of prime freehold land in Ampang Ukay. Bright prospect