Econpile order book hits RM500m with IOI Rio City job
The StarBiz | Thursday, 26 March 2015
http://www.thestar.com.my/Business/Busines...-job/?style=biz

KUALA LUMPUR: Econpile Holdings Bhd’s order book has exceeded RM500m, which will be recognised until 2016, with the new RM54.5mil contract to undertake the sub-structure for IOI Rio City in Puchong, Selangor.

The piling and foundation specialist said on Thursday the contract, awarded by Flora Development Sdn Bhd, was to undertake the piling and related works for the IOI Rio City mixed development.

The contract is part of the IOI Rio City integrated development in Bandar Puteri Puchong which has an estimated gross development value of RM6bil over 72 acres.

Econpile executive director and group CEO Raymond Pang said with this new contract, the group’s total order book to date exceeds RM500mil.

“The unabated growth pace in the property development sector in Klang Valley points to the anticipated sustained demand for high-value developments in strategic locations, including the suburbs to the city centre.

“We believe that this market growth would be even more pronounced in the future due to an ever-growing population and increasing urbanisation,” he said.

Pang said expects the real estate sector, comprising the building of both residential and commercial space, will continue to be active.