Our preliminary analysis has revealed key insights about EKOVEST DEVELOPMENT (S) PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
Has been operational for a few years
64202
Other holding companies
Real estate developers
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This is only a preview of the TrustScore results for EKOVEST DEVELOPMENT (S) PTE. LTD., showcasing a few facets of its business that we have analysed.
Evolving Stage
A brand in its evolving stage is one that is actively growing, refining, and expanding its market presence. They have gained certain traction in establishing foothold in chosen markets. These brands have defined their core identity, mission, and values and is continuously working to scale their operations, reach new audiences and adapt to changing market dynamics. They are in the process of continuous improvement and innovation, and focusing on customers engagement and feedback.
The company's address in use by other companies, may raise concerns about the company's credibility and legitimacy. EKOVEST DEVELOPMENT (S) PTE. LTD. has been operational for a few years, showing some level of stability. While it shows some level of stability, it may still be in the process of establishing its reputation and credibility.
EKOVEST DEVELOPMENT (S) PTE. LTD. has no presence on career platforms and provides no public information about its work environment or employee satisfaction. This lack of transparency may indicate less focus on employee well-being or difficulty in attracting talent, potentially impacting EKOVEST DEVELOPMENT (S) PTE. LTD.'s long-term success.
The company is not blacklisted by CaseTrust, which is a positive indicator of its credibility. The company is not on the MAS Enforcement List, which is a positive indicator of its compliance with financial regulations.
EKOVEST DEVELOPMENT (S) PTE. LTD. may not have accessible contact information online, which dilutes engagement and credibility. The company has no official business profile on major search engines. This absence makes it difficult for potential customers to verify the company's legitimacy or get in touch, potentially raising suspicions about its credibility.
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Sign In to ContinueThis was followed by an announcement on Jan 3 on the signing of a shareholders’ agreement with MCC Land and Ekovest Development, a subsidiary of Malaysia-listed construction and engineering firm Ekovest Bhd. The shareholders will jointly develop a new 264-unit condominium, with a 21,528 sq ft retail component, at Tanah Merah Kechil Link. MCC Land will take a 51% stake in the joint venture, while Ekovest and The Place Holdings will hold 29% and 20% respectively.
THE Place Holdings has entered into a shareholders' agreement with MCC Land (Singapore) and Ekovest Development (S) to jointly develop a 99-year lease site in Tanah Merah into a mixed residential development. The land parcel next to Tanah Merah MRT station was acquired by MCC Land for S$248.99 million in November 2020, and can yield 265 condominium units and 2,000 square metres of commercial space. The joint venture company has an issued and paid-up share capital of S$4 million, with The Place Holdings having subscribed for a 20 per cent stake for S$800,000. MCC Land (Singapore) owns a 51 per cent stake; and Ekovest Development (S), 29 per cent.
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Scam.SG's TrustScore is an AI-driven engine that evaluates a business's trustworthiness by analysing data such as customer feedback, behavioral patterns, and compliance records. This comprehensive assessment results in a numerical score reflecting the entity's reliability.
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