EcoFirst Consolidated Bhd intends to expand its footprint in Klang Valley by acquiring a 4.76-acre leasehold landbank in Shah Alam for RM42 million.
The group is planning to launch a RM311 million gross development value mixed development in Cahaya SPK, Shah Alam on the said land. The land acquisition is expected to be completed within the next three months pending fulfilment of conditions by the vendor and authority’s consent. On the landbank acquisition, group CEO Datuk Tiong Kwing Hee stated the group intends to establish itself as a leading player in providing premium housing at affordable pricing in Klang Valley.
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