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Article: E&O plans RM4b launches over next 3 to 4 years
- Article from:
- New Straits Times
- Article date:
- August 22, 2009
- Author:
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Goh Thean Eu
New Straits Times
08-22-2009
E&O plans RM4b launches over next 3 to 4 years
Byline: Goh Thean Eu
Edition: Main/Lifestyle
Section: Business Times
Type: Company
PROPERTY developer Eastern & Oriental Bhd (E&O) plans to launch RM4 billion worth of properties over the next three to four years, as the local economic and property market conditions improve.
Of the total, half will be launched in Penang and the rest in the Klang Valley.
"Six to nine months ago, everyone was cautious in some ways and sceptical about buying in the high-end market.
"But based on our experience and performance in Penang and Kuala Lumpur over the last three months, we believe we can still continue ...