EcoFirst Consolidated Bhd and China State Construction Engineering Join Forces to Redefine High-End Living in Kuala Lumpur

KUALA LUMPUR, 5 December 2023 - EcoFirst Consolidated Bhd, a distinguished developer with a strong presence on the Main Board of Bursa, proudly unveils its latest achievement – the KL48 residential project. Nestled on 4.18 acres of freehold land in Sungai Besi, KL48 stands as a beacon of modern living, comprising two blocks of serviced apartments with 1,700 units and 9 units of retail spaces, boasting a substantial Gross Development Value (GDV) of approximately RM1 billion.

Officially launched in May 2023, KL48 has surpassed expectations, achieving an exceptional 80% take-up rate. This outstanding response reflects the project's resonance with discerning homebuyers seeking a blend of luxury and practicality. Construction milestones, including piling and pile cap are scheduled to be completed by December 2023 whereas basement works are progressing steadily and are on track for completion by February 2024. These milestones set the stage for the overall completion of KL48, expected in Q2 2027.

Beyond the aesthetic allure of KL48, EcoFirst Consolidated Bhd underscores its commitment to excellence by securing robust financial backing from Ambank. This strategic collaboration ensures the seamless execution of this ambitious project, providing a solid foundation for confidence among investors and homebuyers alike.

Mr Wilbert Goh, Acting Group CEO of EcoFirst, expressed, "This partnership with China State Construction Engineering marks a significant step towards realizing our vision for KL48. Today, EcoFirst Consolidated Bhd, signed a contract with China State Construction Engineering (M) Sdn Bhd for awarding the superstructure works of KL48 worth approximately RM 389 million." This collaboration with the globally renowned China State Construction Engineering Corporation Ltd. signifies a meeting of minds and expertise. The goal is not only to meet but to exceed expectations, delivering a high-quality building on an accelerated timeline.

The collaboration is more than a contractual agreement; it is a testament to EcoFirst's commitment to offering its clientele not just a residence but an enduring symbol of architectural excellence.

China State Construction Engineering Corporation Ltd. stands tall as a global construction giant, ranking 13th in the Fortune Global 500. It claims the top spot in the construction and engineering industry sector within this prestigious list. This collaboration signifies more than the amalgamation of two entities; it represents a fusion of expertise and a shared vision for architectural distinction.

The Deputy General Manager of China Construction Eighth Engineering Division Corp. Ltd. South China Branch, Mr Sun Jian Wen, witnessed the signing ceremony, underscoring the global significance of this collaboration. He shared his perspective, stating, "This signing ceremony marks a new starting point for the construction of the KL48 project. We will exert all our efforts to ensure that the project is completed on time with high production efficiency, quality, and safety.”

As KL48 continues to capture the imagination of investors and homebuyers alike, EcoFirst Consolidated Bhd anticipates an accelerated completion timeline with China State Construction Engineering (M) Sdn Bhd as the main contractor for the superstructure works. Leveraging CSCEC's renowned construction capabilities, the collaboration aims to set a new standard in the industry, delivering not just a structure but an iconic representation of architectural finesse.

For more information about KL48, please visit their website: www.kl48.com.my.

This article is provided by Metrell Marketing

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