In Depth

EcoFirst Consolidated eyes RM1 bil market cap

CEO Datuk Tiong Kwing Hee says the company’s two maiden developments — one in Ipoh, Perak, and the other in Ulu Kelang, Selangor — are expected to contribute earnings of over rm180 million in the next 2½ years

Subang Jaya rocks

Demand from homebuyers and investors has raised property values in Subang Jaya significantly in recent years due to its abundant amenities, from schools to colleges, and hospitals to malls. Investors can look forward to more growth once the Kelana Jaya LRT extension line is completed.

UEM Sunrise’s third property venture in Melbourne

We gather that UEMS plans to convert the building into ultra-luxurious residential, potentially with a mix of ground-floor retail and serviced apartment components. Rationale for the purchase is to ensure a steady flow of overseas projects. The property is in a different location from the two core CBD sites currently owned by UEMS.

Stocks with momentum: Hunza Properties

To recap, Khor Teng Tong Holdings Sdn Bhd had in March expressed its intention to take Hunza private — through a selective capital repayment (SCR) — for RM2.50 per share. The privatization offer is led by its founder Datuk Seri Khor Teng Tong, who together with members acting in concert, holds a combined 59% stake in Hunza