KL firms bullish on Penang sales

Goh: ‘The City Residence and City Mall is expected to contribute RM40mil while The Wave will contribute RM90mil GDV.’

Kuala Lumpur-based property development companies in Penang are expecting sales contributions from the state to increase significantly for their upcoming financial year amid a tough property market environment.

Eco World Development Group Bhd, Eastern & Oriental Bhd (E&O), IJM Land Bhd and Mah Sing Group Bhd are some of the Kuala Lumpur-based property companies expecting strong contributions from the state.