Eco World eyes Batu Kawan land for RM6bil project


Previously, Eco World general manager Khoo Teck Chong(filepic) had said that the targeted revenue for the 2016 financial year is RM4bil, compared to RM3bil in 2015.

GEORGE TOWN: Eco World Development Group Bhd is said to be eyeing a 300-acre leasehold site in Batu Kawan for a RM6bil mixed development project to be launched next year.

Sources told StarBiz that the group could fork out up to RM700mil for the property, estimated at over RM50 per sq ft (psf) to Batu Kawan Development Sdn Bhd (formerly Abad Naluri).

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , property , Eco World , Khoo , TeckChong , Batu Kawan ,

   

Next In Business News

TCS wins RM611.3mil contract for Pan Borneo Highway project
Dutch Lady cautiously optimistic outlook
Malayan Flour Mills 9M24 net profit jumps 96.1% to RM64.1mil
Deloitte: Malaysia tops southeast Asia's equity market performance in 2024
Binastra gets RM256mil data centre job
Last-minute selling drags FBM KLCI down
SMG sees 9% jump in 3Q revenue
Trump’s economic policies can add RM19.7bil to Malaysia's GDP- Juwai IQI
Sony is in talks to buy media powerhouse behind 'Elden Ring', sources say
Singapore shares hit 17-year high on market revival efforts

Others Also Read