Eco World eyes Batu Kawan land for RM6bil project

Previously, Eco World general manager Khoo Teck Chong(filepic) had said that the targeted revenue for the 2016 financial year is RM4bil, compared to RM3bil in 2015.

GEORGE TOWN: Eco World Development Group Bhd is said to be eyeing a 300-acre leasehold site in Batu Kawan for a RM6bil mixed development project to be launched next year.

Sources told StarBiz that the group could fork out up to RM700mil for the property, estimated at over RM50 per sq ft (psf) to Batu Kawan Development Sdn Bhd (formerly Abad Naluri).