EWI expects ‘maiden’ profit in FY18, raises sales target to RM3b
KUALA LUMPUR (March 30): Eco World International Bhd (EWI), which is 27%-owned by Eco World Development Group Bhd, has raised its sales target for its financial year ending Oct 31, 2018 (FY18), to RM3 billion from RM2 billion previously, based on plans for its existing projects and additional sales it intends to achieve from its new Be Living sites.
EcoWorld 1Q core earnings strengthen
KUALA LUMPUR (March 30): Eco World Development Group Bhd’s (EcoWorld) net profit for the first quarter ended Jan 31, 2018 (1QFY18), shrank 79% year-on-year (y-o-y) to RM24.
Firefighters battle blaze near Penang airport for over four hours
PETALING JAYA (March 30): After over four hours, firefighters had managed to extinguish a fire that broke out at four warehouses near the air cargo complex of the Penang International Airport at Batu Maung, Penang, last night.
DONE DEAL: Swiss Garden Residences, Jalan Galloway, KL
Rented for: RM3,000 per month (RM4 psf per month) Concluded by: Meifen Low (REN 06451) of Huttons OneWorld Realty (012-6530714) When: February 2018 Noteworthy: ● 750 sq ft ● High floor ● 2 bedrooms and 2 bathrooms ● Fully furnished ● Managed by Swiss Garden International Hotel ● Located in Kuala Lumpur’s Golden Triangle, within walking distance to Pavilion, Starhill Gallery and many other malls According to Meifen Low, the negotiator who closed the deal, the owner is an investor from East Malaysia who bought the unit many years ago.
Sentul continues its upswing
Sitting north of Kuala Lumpur city centre, Sentul has seen its non-landed residential properties perform well over the years, showing steady growth in values.
IOI Prop cancels agreement with Hongkong Land to jointly develop Singapore land
KUALA LUMPUR (March 13): IOI Properties Group Bhd (IOI Prop) has terminated its agreement with Hongkong Land International Holdings Ltd (HKLI) to jointly develop and manage a land parcel at Central Boulevard in Singapore.
Kuala Lumpur falls out of top 100 most liveable city for Asian expats
PETALING JAYA (March 13): The capital of Malaysia has been ranked a lowly 126th in a list of the most liveable cities for Asian expats by ECA International.
