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Ewein Gets Nod For RM800 Million Project
By:
  • Ewein‘s subsidiary Ewin Zenith has secured a contract for the development of “City of Dreams” project with a gross development value (GDV) of RM800 million after obtaining the advertising permit and developer license.
  • The proposed 110-acre development comprises residential and commercial properties and is located at Bandar Tanjong Pinang next to Gurney Drive in Penang.
  • The company expects the project to have a GDV of RM25 billion over the next 10 years.

Significance: The project will be launched by the second half of this year, adding that the property business will contribute more than 90 percent to its profit after tax for FY2016 ending 31 December 2016.


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