KUALA LUMPUR: Ecofirst Consolidated Bhd
today inked financing facilities with AmBank group for the construction of KL48, its first project since the COVID-19 pandemic.
The high-rise integrated project located on 1.69 hectares (4.18 acres) of freehold land in the Jalan Chan Sow Lin area has a gross development value (GDV) of RM1 billion. It is due for completion in the second quarter of 2027 (2Q2027).
EcoFirst chief executive officer Datuk Tiong Kwing Hee said the project comprises two 47-storey towers with nine retail units and 1,700 serviced apartment units with built-up areas ranging between 650 square feet (sq ft) and 850 sq ft. Prices start from RM503,000 onwards, or RM725 per sq ft.
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