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Continue Reading ⋅ 30 January 2023
Eco Botanic is located in Iskandar Puteri, Johor, and it was launched in 2015. Developed by Eco World Development Group Bhd, Eco Botanic is about 70% developed as at October 2020.
Eco Botanic is a fully strata-titled, gated township that is scheduled for completion over 9 phases by 2020. It has a total gross development value of RM3.794 billion and is accessible from major highways, including the Iskandar Coastal Highway, Pasir Gudang Highway, Skudai Highway, North South Expressway and the Second Link Expressway.
After the successful launches of Eco Spring and Eco Summer in Tebrau, and Eco Tropics in Pasir Gudang, EcoWorld will be expanding its southern portfolio with Eco Botanic 2. The 200-acre Eco Botanic 2 will be sited right beside Eco Botanic, with approximately 27 acres of green reserve.
While Eco Botanic is a gated and guarded luxury development catering mainly to the upgrader market, Eco Botanic 2 is crafted for first-time homeowners, young families, and the M40 group. The M40 group consists of young individuals and families, whom the developer can continue to serve their needs, as their investment capacity grows over time.
The development would offer landed homes priced between RM600,000 and RM900,000. There will be a Bumiputera discount of 15%, which puts the price range between RM520,200 and RM833,000.
About 20% of Eco Botanic 2 has been earmarked for a commercial development that will offer shops and 3 apartment blocks. It sits adjacent to the commercial component of Eco Botanic, making it a combined commercial area of 50 acres.
With a gross development value (GDV) of RM1.67 billion, Eco Botanic 2 is scheduled to be completed by 2025.
Address: Jln Kampung Lalang, 79100 Nusajaya, Johor
Property Type:
- 2-storey houses – terraced and garden homes
- 3-storey shop-offices
- Apartments
Land Title: Residential / Commercial
Total Units:
- 2-storey terraced houses: 1,676 units
- 3-storey shop-offices: 108 units
Area Size: 200 acres
Tenure: Freehold
Sales Gallery: EcoWorld Gallery @ Eco Botanic City, No 25, 27, 29, Jalan Eko Botani 3/5, Taman Eko Botani, 79100 Iskandar Puteri, Johor
GPS Coordinates: N 01° 26’ 24.4” E 103° 37’ 06.1”
Year of Completion: 2025
Built-up Area: 1,701 sq ft – 2,239 sq ft
Facilities:
- Lifestyle parks
- Green backlanes
- Security
- Automated home living
Launch Price: RM600,000 – RM900,000 (2-storey house)
Project Details
Residents at Eco Botanic 2 will enjoy all the perks of a mature EcoWorld development, such as landscaped parks, gated and guarded security, and comprehensive lifestyle amenities and infrastructure.
Eco Botanic 2 will offer landed properties and apartments. The landed properties will be priced from RM600,000 to RM900,000, while the apartments will be less than RM500,000. The details of the apartments are still being finalised.
There will be 1,676 units of 2-storey terraced houses, and 108 units of 3-storey shop-offices in Eco Botanic 2. The residential component of Eco Botanic 2 is expected to be completed within 5 years.
Eco Botanic 2’s first precinct will feature 600 units of double-storey houses – terraced (20ft x 65ft, 20ft x 70ft, and 22ft x 65ft) and garden homes (30ft x 60ft) with built-up sizes ranging from 1,701 sq ft to 2,239 sq ft.
The garden homes are an EcoWorld exclusive product that comes with an 8ft private garden connected to the living area. The first to be launched will be the Tate series, comprising Tate Alton, Tate Bilston, Tate Callington, Tate Dalton and Tate Eton.
|
Unit Types |
Built-Up |
Launch Price |
|
Tate Alton
|
· 30’ x 60’ · 2,239 sq ft · 4 bedrooms · 4 bathrooms |
From RM600,000 |
|
Tate Bilston |
· 22’ x 65’ · 2,092 sq ft · 4 bedrooms · 4 bathrooms |
|
|
Tate Callington |
· 20’ x 65’ · 1,701 sq ft · 4 bedrooms · 3 bathrooms |
|
|
Tate Dalton |
· 20’ x 70’ · 1,887 sq ft · 4 bedrooms · 4 bathrooms |
|
|
Tate Eton |
· 20’ x 70’ · 1,887 sq ft · 4 bedrooms · 3 bathrooms |
Location
Eco Botanic and Eco Botanic 2 are in Iskandar Puteri, which is the heart of Iskandar Malaysia. The connectivity is good and there are amenities such as schools, healthcare centres, and business hubs, within a growing population.
The two townships are easily accessible via the North-South Expressway, Second Link Expressway, Iskandar Coastal Highway, Pasir Gudang Highway, and Skudai Highway. They are also near several major destinations. Eco Botanic is just about 5 minutes to Marlborough College and Columbia Medical Centre, 10 minutes to Legoland Malaysia and Puteri Harbour, the state administrative centre, Mall of Medini, and golf courses, and 20 minutes to the Senai International Airport.
Accessibility
- North-South Expressway
- Second Link Expressway
- Iskandar Coastal Highway
- Pasir Gudang Highway
- Skudai Highway
Education
- EduCity
- Marlborough College Malaysia
- Raffles American School
Medical Care
- Gleneagles Medini Hospital
- Columbia Asia Hospital
Shopping
- Eco Galleria @ Eco Botanic
Recreation
- Horizon Hills Golf & Country Club
- Legoland
- Puteri Harbour
- Poresia Golf Club & Resort
- Puteri Harbour
Analysis
According to the developer, majority of their products are priced between RM500,000 and RM700,000, as this range is very much in demand by the buyers in Johor, who are mostly first-time homebuyers.
The registration response to Eco Botanic 2 has been encouraging and the potential buyers will be mostly owner-occupiers. EcoWorld also assists potential buyers in doing pre-loan checks.
Eco Botanic 2 will only offer terraced and garden homes, so there will not be any bungalows or semi-detached houses. The development is owned by a special purpose vehicle (SPV) jointly held by the state government and EcoWorld.
Iskandar Malaysia should remain attractive due to its proximity to Singapore, high job creation, and population growth. That said, the area will have many more developments to come as there is still plenty of land to be developed.
Here’s a look at a few residential properties in Johor.
|
Project |
Land Tenure |
Unit Type |
Completion |
Built-up |
Approximate Launch Price |
|
Eco Botanic 2 by EcoWorld |
Freehold |
2-storey terrace houses |
2025 |
1,701 sq ft – 2,239 sq ft |
From RM600,000 |
|
by Scudai Development |
Freehold
|
Serviced Residence
|
2019 |
From 490 sq ft
|
From RM307,250
|
|
Merpati Indah Apartment@ Bandar Putra Kulai by IOI Properties Group Berhad |
Freehold
|
Apartment |
2022 |
818 sq ft – 1,249 sq ft |
From RM308,900
|
|
Meridian @ Taman Kluang Barat by Bayu Melati Sdn Bhd |
Freehold
|
Semi-detached house |
2022 |
2,320 sq ft – 3,578 sq ft |
From RM 440,000
|
|
Single Storey Terrace-Phase 7A @ Tanjong Puteri Resort by Keck Seng (M) Berhad |
Freehold
|
Terraced house / Superlink |
2022 |
1,103 sq ft – 1,281 sq ft |
From RM320,000 |
|
Senibong Cove – The WaterEdge Apartments by Senibong Cove Development Sdn Bhd |
Freehold
|
Apartment
|
2018 |
1,184 sq ft – 1,894 sq ft |
From RM470,000 |
Summary
Over the years, the developer has seen a shift in its buyers’ demographics. When Eco Botanic was launched in 2015, about 50% of the buyers were Generation X. Lately, however, almost three-quarters (70%) of the buyers are Generation Y and Z, who are probably supported by their Generation X parents.
If you’re looking at unit priced at RM550,000, the monthly repayment is approximately RM2,141. This is based on:
- LTV / margin of finance: 90%
- Loan amount: RM495,000
- Loan term: 30 years
- Interest rate: 3.2%
- Approximate required gross annual income: RM86,000*
These calculations are based on the PropertyGuru Home Loan Calculator, and PropertyGuru’s Home Loan Eligibility and Affordability Calculator.
* Assumptions: No other monthly debt obligations, with 30% of gross income to be spent on the loan
To know exactly how much home loan you can get from the banks and whether you can afford this property, you can use the PropertyGuru Loan Pre-Approval. It is FREE to use and helps you avoid loan rejections. It has a 99.9% accuracy so you can be sure of home loan approval!
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