ecoWise sells two properties in Kota Kinabalu to bolster liquidity

The transaction is on an en bloc basis.

ecoWise Holdings Limited, through its subsidiary Sunrich Integrated Sdn. Bhd., has announced the sale of two properties in Kota Kinabalu, Malaysia, for $1.42m (RM4.7m) and $1.72m (RM5.8m) each.

The properties, currently unused, are being sold to unrelated buyers to facilitate business expansion. The buyers include a local businessman operating in the same area and a construction materials wholesaler who also owns property nearby.

The combined land area spans approximately 36,313 square feet, with a built-up area of 30,784 sq. ft., under a 99-year leasehold set to expire on 31 December 2074

The transaction is on an en bloc basis, with each agreement contingent on the completion of the other. Should either buyer fail to meet the purchase agreement conditions, both deals will be nullified, preserving the properties’ marketability and valuation.

The disposal aims to bolster ecoWise’s liquidity, facilitate debt repayment, and support general operational funding. The company expects to realise an estimated gain of $639,000 (RM2.12m) from the sale.

Follow the link for more news on

commercial property

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia