EcoFirst

EcoFirst Celebrates KL48 Topping-Out Milestone, Preps RM400 Million Kajang Launch for Q3 2025 KUALA LUMPUR – EcoFirst Consolidated Bhd has achieved a major milestone with the topping-out ceremony of its flagship KL48 project, a high-rise residential development strategically positioned in the heart of Kuala Lumpur. The ceremony marks the successful completion of the project’s structural framework,...

Ecofirst Consolidated Bhd Reports Impressive Q4 Results Fueled by KL-48 Project Sales Property developer Ecofirst Consolidated Bhd (KL) has announced a remarkable increase in its net profit for the fourth quarter, largely attributed to the higher sales conversion rate for its KL-48 project in Chan Sow Lin, Kuala Lumpur. The net profit for the three months ending May 31, 2024 (4QFY2024), more than doubled...

EcoFirst Consolidated Bhd has announced its intention to contest a RM20 million lawsuit filed against its wholly-owned subsidiary, BCM Holdings Bhd, by Kerjaya Prospek (M) Sdn Bhd (KPM), a unit of Kerjaya Prospek Group Bhd. The lawsuit arises from the withdrawal of a RM404.35 million contract that had been awarded to Kerjaya Prospek for the construction of a residential development in Kuala Lumpur by BCM...

EcoFirst Consolidated Bhd has clarified that it still achieved a net gain despite selling eight out of 15 retail units at a lower-than-market price in a recent related party transaction. According to the property developer, the total gain from selling these 15 units exceeded the total original investment cost by approximately RM9.20 million. The disposal price for these units was appraised in a valuation...