EcoFirst unveils RM1 bil KL48 development in Chan Sow Lin

• Spanning 4.18 acres of freehold land in Jalan Sungai Besi, the two-tower (47-storey each) KL48 has a total of 1,700 units with three different layouts (Type A, Type B1 and Type B2) and built-ups of 650 sq ft and 805 sq ft.

KUALA LUMPUR (May 19): EcoFirst Consolidated Bhd (EcoFirst) launched its latest serviced apartment project — KL48 in Chan Sow Lin, Kuala Lumpur on Friday (May 19). The development has a gross development value (GDV) of RM1 billion.

Spanning 4.18 acres of freehold land in Jalan Sungai Besi, the two-tower (47-storey each) KL48 has a total of 1,700 units with three different layouts (Type A, Type B1 and Type B2) and built-ups of 650 sq ft and 805 sq ft. Type A has two bedrooms and two bathrooms while Type B has three bedrooms and two bathrooms. Prices start from RM503,000 or RM725 per sq ft. The development also features nine retail units. 

Speaking at its official launch, EcoFirst CEO Datuk Tiong Kwing Hee said: “We have designed KL48, an integrated development that offers an impeccable home in the heart of Kuala Lumpur, catering to city-dwellers, upgraders and young professionals in one of the most vibrant parts of the capital city.”

Some of the facility offerings located at level eight include a gymnasium, swimming pool, multipurpose hall, BBQ area, playground, yoga deck and meeting rooms among others. There is a sky lounge at level 46 and sky gym at level 47.

Within the vicinity are the Kuala Lumpur city centre, Tun Razak Exchange, Bukit Bintang Centre, Royal Selangor Golf Club, Ampang Hilir Embassy Row and the proposed Bandar Malaysia, which is positioned to be Kuala Lumpur’s future commercial hub.

It is accessible via the Cheras Highway, Kuala Lumpur Middle Ring Road (MRR2), East-West Link Expressway, Kajang-Seremban Highway, Sungai Besi Expressway, Kajang Dispersal Link Expressway (Silk Highway) and Cheras-Kajang Expressway.

EcoFirst will also provide free shuttle service for KL48 residents to the nearby Chan Sow Lin LRT and MRT  stations.

Currently, construction is at the piling and groundwork stage and it is expected to complete by the second quarter of 2027.

At the same event, EcoFirst also signed a collaboration with AmBank Group for the financing facilities of the project with an allocation of RM151 million for the development of KL48.

“We would like to congratulate EcoFirst on the successful launch of the KL48 project. In addition to AmBank Business Banking providing development financing, AmBank Retail Banking is providing end financing for this project,” said AmBank Group managing director of business banking Christopher Yap.

“I am pleased to share that AmBank Business Banking division is also looking into expanding its facilities to EcoFirst’s business partners, including their contractors and suppliers. As their primary financing partner, we look forward to providing the group with continued support in their next phase of growth,” Yap added.

Meanwhile, Tiong said the partnership with AmBank reflects a vote of confidence in EcoFirst’s strength and growth potential from the banking fraternity.

“We strongly believe the financing facility from AmBank will help us meet our financing requirements and enable us to bring KL48 a step closer to becoming a lifestyle enclave for aspiring homebuyers,” he added.

Moving forward, Tiong shared that the group will be looking to expand its landbank within the Klang Valley. The group currently has a landbank of 75 acres in Ampang Ukay and five acres in Shah Alam, which has been earmarked for a serviced apartment project.

“We acquired that pocket of land a few years back. Due to the pandemic, we did not launch the property but we are now planning to launch it next year,” Tiong told The Edge, adding that the Shah Alam serviced apartment project is slated to be launched early next year.