EcoFirst buys land in Shah Alam for RM42m to undertake mixed development

KUALA LUMPUR (Oct 15): EcoFirst Consolidated Bhd has proposed to expand its footprint in the Klang Valley by acquiring a 4.76-acre piece of land in Cahaya SPK, Shah Alam for RM42 million. A mixed development has been planned on the leasehold land purchased from Modern Peak Sdn Bhd, the group said in a filing today. […]

EcoFirst to launch mixed devt project with GDV of RM311m

KUALA LUMPUR: Property developer Ecofirst Consolidated Bhd plans to launch a mixed development with a gross development value (GDV) of RM311 million in Cahaya SPK, Shah Alam, following the acquisition of a 1.93-hectare of leasehold land. The group’s unit, EcoFirst Worldwide Sdn Bhd, has entered into a sale and purchase agreement with Modern Peak Sdn Bhd to […]

Keuntungan bersih Ecofirst susut 20.1 peratus pada suku ketiga 2020

KUALA LUMPUR, 12 Mei — Keuntungan bersih Ecofirst Consolidated Bhd turun 20.1 peratus kepada RM5.4 juta untuk suku ketiga yang berakhir pada 29 Februari, 2020 daripada RM6.7 juta pada tempoh yang sama tahun lepas. Dalam makluman kepada Bursa Malaysia hari ini, pemaju hartanah itu berkata pendapatannya menurun 24.7 peratus kepada RM43.3 juta daripada RM57.5 juta sebelumnya, berikutan Fasa […]

Ecofirst to launch new phases of Ampang Ukay

Ecofirst Consolidated Bhd is preparing to launch new phases of its RM5 billion Ampang Ukay flagship mixed-development in Ampang Jaya, Kuala Lumpur. Group chief executive officer Datuk Tiong Kwing Hee said Ecofirst is in the midst of receiving approvals from authorities for the masterplan development. Tiong said this will provide the group with a clear […]

EcoFirst completes Liberty @ Ampang Ukay

KUALA LUMPUR (May 12): Public-listed property developer EcoFirst Consolidated Bhd has completed the development of Liberty @ Ampang Ukay on Jan 10 this year. With a gross development value of RM606.8 million, Liberty @ Ampang Ukay is the first phase of its flagship 87-acre Ampang Ukay mixed development in Kuala Lumpur. It comprises 1,632 residential SOHO units and 32 retail […]

Ecofirst records 3Q net profit of RM5.36mil

Kuala Lumpur: ECOFIRST CONSOLIDATED BHD recorded a 20% lower net profit of RM5.36mil in the third quarter ended Feb 29, 2020 on the back of lower revenue as its Ampang Ukay development reached the tail-end of construction. In a statement, the property developer said revenue in the quarter fell 24.7% to RM43.3mil from the previous […]

EcoFirst 3Q net profit more than triple to RM 6.7M

PROPERTY development group EcoFirst Consolidated Bhd (EcoFirst) saw its third quarter net profit more than triple to RM6.7 million, boosted by contributions from the first phase of its flagship Ampang Ukay development, LIBERTY@Ampang Ukay (Liberty). For the third quarter ended 28 February 2019, EcoFirst’s profit before tax also more than doubled to RM8 million, following […]

EcoFirst says RM1.34m tax claims unlikely to hurt

KUALA LUMPUR (Nov 15): Property developer EcoFirst Consolidated Bhd said it does not expect any financial and operational impact from the Inland Revenue Board’s (IRB) tax claims, amounting to RM1.34 million. Yesterday, Sawitani Sdn Bhd, a wholly-owned subsidiary of EcoFirst, received a winding-up petition from the IRB for the tax claims. The claims were derived […]