EcoWorld Malaysia inks deal to develop Johor land

The deal marks the group’s second land acquisition in Iskandar Malaysia within the span of less than five months.

PETALING JAYA: Eco World Development Group Bhd’s (EcoWorld Malaysia) wholly owned subsidiary Eco Botanic 3 Sdn Bhd (EB3SB) has inked conditional agreements to jointly develop 13 parcels of freehold land (aggregate land area of 240.314 acres) in Pulai, Johor Baru.

In a filing with Bursa Malaysia, EcoWorld Malaysia said EB3SB signed a conditional development agreement with Permodalan Darul Ta’zim Sdn Bhd (PDT), where PDT agreed to nominate EB3SB to purchase and develop the land.