Land purchase to spur EcoWorld’s growth


CGSI Research said the developer’s management reiterated its 2025 sales target of RM3.5bil.

PETALING JAYA: Eco World Development Group Bhd (EcoWorld Malaysia) is banking on the completion of ongoing land acquisitions to boost its future sales growth.

CGS International (CGSI) Research said in a report the developer’s management reiterated its 2025 sales target of RM3.5bil, while highlighting that completion of ongoing land acquisitions should boost future sales and contribute to incremental revalued net asset value (RNAV).

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