Eco World Development Group Bhd launched four new projects at around RM1 billion under its Eco World’s Firsts campaign.
Projects launched under the campaign are Eco Grandeur and Eco Ardence in the Klang Valley, Eco Business Park II in Iskandar Malaysia, Johor and Eco Bloom in Penang.
Speaking at the campaign, Eco World president and CEO Datuk Chang Khim Wah said “the response and support received for the launches have been tremendously positive despite the current challenging property market” and the turnout at the Eco World Galleries “is testament to the strong brand that we’ve built in just over three years.”
“We still have many more projects to be launched and we look forward to bringing more innovative products that can further excite and delight our customers and followers in the near future,” he said.
Eco Bloom, an integrated commercial and residential tower in Simpang Ampat, Penang, for instance, is targeted to cater particularly to first-time home buyers.
Set amid the backdrop of English-inspired gardens, the 4.86acre freehold project will be part of the larger Eco Meadows, with the residential component split into two wings and two-storey retail lots located below the residential units.
The project is expected to have a gross development value (GDV) of RM283 million. Prospective buyers can choose from three types of residential units with prices starting from RM388,000.
Eco World’s Eco Ardence in Shah Alam will be developed with a hint of Japanese influence.
Targeted for the high-end market, the 553-acre project is expected to have a GDV of RM8.58 billion, featuring luxury semi-detached homes as well as bungalows.
Aeres, the project’s first launch offers semi-detached homes priced from RM1.3 million and bungalows from RM2.9 million.
Meanwhile, Eco Grandeur received the biggest response from potential buyers, given the project’s sheer size and affordable prices of units.
Featuring Victorian-themed gardens, the 1,400-acre residential township enjoys easy access to five major highways including the Guthrie Corridor Expressway and North-South Expressway.
Graham Garden, Eco Grandeur’s first launch consist of terraced homes costing below RM500,000.
Planned with small and medium enterprises (SME) in mind, Eco Business Park II in Iskandar Malaysia is set to be the biggest freehold industrial hub within Flagship E of Iskandar Malaysia.
The 383-acre project is situated near major seaports, highways and airports, offering an array of industrial commercial products – Semi-Detached Factory, Cluster Factory and Customised Factory.
Featuring an innovative flexi-space concept which brings together office, retail, factory and showroom in a single cluster, the project is expected to have a GDV of RM3 billion.
Mangalesri Chandrasekaran, Editor at PropertyGuru, edited this story. To contact her about this or other stories email mangales@propertyguru.com.my
