EcoWorld unit executes conditional sale and purchase agreement for Semenyih land worth RM82.2 mil
EcoWorld said the land would enable the group to broaden its range of commercial offerings under its Eco Hubs and Eco Rise product pillars.
EcoWorld said the land would enable the group to broaden its range of commercial offerings under its Eco Hubs and Eco Rise product pillars.
The uptake was bolstered by an expansion from existing tenant Urban Pinnacle Ventures Sdn Bhd, which signed an additional 134,000 sq ft, bringing the total occupancy to nearly 250,000 sq ft.
The groundbreaking ceremony also saw the signing of a homestay management partnership with Aurum Stay Sdn Bhd.
The land, measuring approximately 1.
Mudajaya said the move is intended to reduce share price volatility, noting that its low trading price means even minor fluctuations can result in outsized percentage changes.
NCT Group executive director Datuk Joe Yap Fook Choy: Our aim is to build a world-class hub that brings together advanced technologies, smart infrastructure and seamless networks, serving as a launchpad for global enterprises while empowering local entrepreneurs to grow in a thriving environment.
The contract covers civil and structural construction works and is scheduled for completion in the first half of 2026.
The Sabah-based property developer said the LOI, which was disclosed in its Bursa Malaysia filing on Tuesday (Oct 14), serves only as a "basis for further discussion and negotiation, subject to approvals and the signing of a definitive agreement".
The project is estimated to generate a pre-tax profit of RM210 million based on a gross cost of RM940 million and translate into a margin of 18%, the company said in a statement.
Partnership with Alliance Bank pioneers sustainable financing model for township development.