According to Eco World president and CEO Datuk Chang Khim Wah, the group continued to see Penang as an interesting market, with Batu Kawan expected to become a development hotspot in the future.
PETALING JAYA: Eco World Development Group Bhd
and Penang Development Corp (PDC) have agreed to rescind the letter of award (LoA) that covers a proposed RM10bil mixed project in Batu Kawan.
This is because studies revealed the planned 18-hole golf course in the 449.64-acre site will require more land than what was initially estimated, thus impacting the viability of the project, Eco World said in a filing with Bursa Malaysia.
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