Sold for: RM1.18 million (about RM983.33 psf); Concluded by: Kevin Teh (REN 02206) of Propstar Realty (013-555 7333); When: June 2019
The total real estate sales value across Malaysia in 2019 reached RM20.3 billion which was 23.1% above the long-term average.
Tun Dr Mahathir Mohamad: I have told them [the master developer IWH CREC Sdn Bhd] to start immediately because I want to see it myself.
President and CEO Datuk Chang Khim Wah: We have unbilled future progress billing of RM5.16 billion which will be recognised over a period of two to three years. So, you can see the earnings visibility of EcoWorld Malaysia is still very strong and significant.
In tandem with the results, both EcoWorld Malaysia and EWI are targeting to declare dividends in FY2020.
EcoWorld president and CEO Datuk Chang Khim Wah: The new brand will take advantage of the excellent infrastructure and lifestyle amenities already in place in our townships and provide a greater element of choice to customers to decide how they want to live.