Posted by moneySIFU > 2016-10-31 23:30 | Report Abuse

“Additionally, after the completion of this project, the government will allocate a total of RM130 million facilitation fund to Ekovest,” the company said.

Posted by moneySIFU > 2016-10-31 23:32 | Report Abuse

5% of the 2.6b project is to be funded by government, very interesting...

Posted by moneySIFU > 2016-10-31 23:33 | Report Abuse

Ekovest is really good in getting Kang Tou from government, nothing is free but real good

Posted by optimus9199 > 2016-11-01 00:31 | Report Abuse

So how much is the value of contract worth and how much will ekovest get from this contract? It states only that the entire GDV is rm2.6,billion and the facilitation fund of 5% at the end of project.

Posted by Jay > 2016-11-01 02:41 | Report Abuse

property development usually has quite fat margin, probably 15-25%. the only concern is how long it needs to sell in this current soft market. service apartments may not be easy to sell...but if for longer term, then should be fine

Posted by optimus9199 > 2016-11-01 07:32 | Report Abuse

I assume the RM 130mil is the profit that Ekovest will get upon the completion of project. Correct me if i am wrong?

Posted by Jay > 2016-11-01 10:36 | Report Abuse

shouldn't be. what ekovest will earn will depend on their final cost and selling price. the RM130m I don't think ekovest get to keep, it sounds like the fund to facilitate investments so probably ekovest will represent the govt to distribute to investee that fits the criteria. but the money was from govt anyway so worse case also won't cost ekovest a single penny