The real estate developer is preparing to launch an estimated RM2 billion project in Puchong, Selangor, during 2HFY18.

Going forward, the company’s strategy is to look for more joint ventures.

“These awards demonstrate the hard work of each and every Ekovest employee and their commitment to grow the company. It also gives us the extra impetus to achieve greater milestones ahead.”

The counter touched a high of RM3.03 before settling at RM3 on market close, giving it a market capitalisation of RM1.59 billion.

The rejection has affected DRB-Hicom’s plan to develop a boutique luxury mixed development project on the island to replicate the success of Thailand’s Phuket and Koh Samui and Indonesia’s Bali.

Eupe Corp Bhd’s Parc 3 is slated for launch by mid-October.

IJM said the outlook for the construction division is encouraging, supported by its record RM8.7 billion outstanding orderbook, while the property division is expected to continue to be affected by the tighter lending guidelines.

Plenitude said the contribution came mainly from the Bintang Maya double-storey terrace house project in Kedah as well as the Taman Putra Prima Phase 2C Aquamarine double- and triple-storey terrace house project in Selangor.

Increased property development revenue from the progress made by the group's Residensi 22 project in Mont'Kiara, Teega in Puteri Harbour and Aurora Melbourne Central in Australia.

The forging of alliances with online retailers is part of CapitaLand’s strategy to combine offline and online business models to achieve long-term success.