The group attributed this to the sale of two parcels of freehold development land for RM98.1 million. On top of that, Tropicana saw higher sales and progress billings across key projects in the Klang Valley and Southern Region.
Domestically, the main projects that contributed to EcoWorld's financial performance in 1QFY21 were: Eco Majestic, Eco Forest, Eco Sanctuary and Eco Sky in the Klang Valley, Eco Botanic, Eco Spring, Eco Summer, Eco-Business Park I, Eco-Business Park II, Eco Tropics and Eco Business Park III in Iskandar Malaysia and Eco Meadows and Eco Terraces in Penang.
EWI said the higher profit was mainly due to the commencement of revenue and profit recognition of Yarra One, following progressive handover of units sold to customers and higher share of results in joint ventures.
Built on a 3.1-acre leasehold plot, the two-tower development offered 834 units of SoHo units (built-up of 450 sq ft) and service apartments (built-up of 750 sq ft), priced from RM333,000.
Selangor is still the state with the highest number of cases with 356 infections, followed by Sarawak (308), Johor (129) and Penang (113).
In a bourse filing, the company that made its Bursa debut in 1990, said its entire issued share capital will be removed from the local stock exchange at 9am that day. Trading of the firm’s shares was suspended on March 15.
Gamuda said Penang state government on March 25 accepted the terms of project development of Island A, whereby the project shall be implemented via a project development model through a joint venture with the state government.
Acorus 2 is the second of the 5-phase SEHati Collection, it consists of 62 units of double-storey terraced homes with a land area measuring 20ft by 65ft and a built-up of 1,401 sq ft.
Famous for serving Tex-Mex cuisine, the Chili’s restaurant in Bangsar was the chain’s first outlet that opened in 1994
Just after Hillview heading towards Ampang early this morning
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