News about development

KUALA LUMPUR (June 18): Eco World International Bhd (EWI), a special purpose entity set up by major shareholders of Eco World Development Group Bhd (Eco World) to acquire real estate assets for development overseas, has withdrawn its plans to list as a special purpose acquisition company (SPAC) that was to raise RM1.

• Today we look at price growth and indicative asking rental yields for non-landed residences along Kuala Lumpur’s Jalan Ipoh.

KUALA LUMPUR (June 17): Eco World Development Group Bhd reported a 286% jump in net profit to RM11.

• This week, the spotlight falls on non-landed residences along one of Kuala Lumpur’s main arterial roads, Jalan Ipoh.

PETALING JAYA (June 12): Construction media group, BCI Asia awarded 20 of the country’s finest architecture firms and developers at its 11th annual BCI Asia Awards 2015 ceremony here tonight.

PETALING JAYA (June 8): Eco World Development Group Bhd’s Eco Sanctuary in Kota Kemuning, Selangor, had more than 300 registrants, some coming as early as 6.

KUALA LUMPUR (May 30): Eco World Ballymore Holding Co Ltd launched 417 units out of its 1,145 units in its 12-acre London City Island project in Kuala Lumpur, London and Singapore today and saw a take-up rate of 80%.

KUALA LUMPUR (May 28): Eco World Development Group Bhd is still confident in achieving its sales target of RM3 billion for its financial year ending Oct 31, 2015 (FY15), and its target of RM4 billion in FY16.

KUALA LUMPUR: UOA Development Bhd expects revenue growth to be flat for the financial year ending Dec 31, 2015 (FY15), even with the launch of several mixed development projects collectively worth RM2.

PENANG: Eco World Development Group Bhd (EcoWorld) is expected to launch its first project in Penang, Eco Terraces condominium, in mid-June.