Sunday 16 March 2014

Eco World plans for Kota Masai

Eco World Development Group Bhd chairman Tan Sri Abdul Rashid Abdul Manaf.
PETALING JAYA: Eco World Development Group Bhd is working on a new plan for undeveloped parts of Kota Masai township in Johor that will reflect its new owner.

It gained control of this mature township, which still has 401ha of landbank, after it took over Focal Aims Holdings Bhd last year.

“The land would be redesigned to incorporate properties, which will not be just aesthetically pleasing, but also become vibrant habitats for sustainable green communities to flourish,” chairman Tan Sri Rashid Abdul Manaf said in his statement in the company’s first annual report.

He also said the company would relaunch the final 26 residential units at Saujana 0-Lot, a small high-end development in Glenmarie near Shah Alam, Selangor.

Rashid said Eco World derived a substantial portion of its revenue from the Kota Masai project. He did not elaborate on other future projects that are linked to the group, other than saying that it would deploy its vast network to source for and identify new development opportunities in the Klang Valley, Johor Baru and Penang.

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