KUALA LUMPUR (Aug 11): Eco World Development Group Bhd is set to launch Eco Grandeur, its modern integrated green township located in Bandar Puncak Alam, Selangor.

“We will be launching Eco Grandeur next month, and we expect phase 1 of the development to be completed in three years,” said president and chief executive officer Datuk Chang Khim Wah, adding that the entire project will be completed in 12 to 15 years.

Chang said the entire development, comprising Eco Grandeur and the adjacent Eco Business Park V, has a combined gross development value (GDV) of RM15 billion.

The property developer today unveiled its newest sales gallery, its fifth in the Klang Valley and 12th in Malaysia. The new gallery spans five acres, with a built-up area of 20,000 sq ft.

“Construction works commenced in early June and only took two months for all of this to be up and ready, as we are eager to showcase Eco Grandeur to the public and serve customers with our warm Eco World hospitality,” said Chang.

Eco Grandeur features quality affordable homes targeted at first-time home owners and also upgraders that are already living in the vicinity. The development features a modern Victorian-style architecture, beautiful landscaping and an emphasis on eco living, similar to Eco World’s other projects.

The development is strategically located with access via the Guthrie Corridor Expressway, KL-Kuala Selangor Expressway, North South Expressway and also the proposed Damansara-Shah Alam Expressway and the upcoming West Coast Expressway, to be completed in 2019.

The group previewed its two-storey garden homes and two-storey terrace homes, with prices starting from below RM500,000 and RM650,000 for the Graham Garden two-storey terraces and the Avenham Garden two-storey garden houses, respectively.

The group expects to achieve a Green Building Index Certified Township status for Eco Grandeur.

“We are delighted to be able to create another Eco World product that affirms our mission in creating world-class eco living in all our developments. The icon for Eco Grandeur is the 62-acre Dragonfly Lake, with extravagant views of a surrounding 60-acre town park.

“The entire development will also be completed with cycling and walking paths to promote a healthy lifestyle for our residents,” Chang said.

Overall, he said Eco World still has a positive outlook, despite the dampened domestic property market, with the group on track to meet its sales target of RM4 billion for the financial year ending Oct 31, 2016.

“For us, for the segment that we are in, like here, the outlook is still very positive. Our sales so far, in terms of landed residential all over Malaysia, has been very strong. Sales of some of the commercial properties also remain very strong.

“We are on track to meet our RM4 billion sales target for this year,” he said.

Eco World shares gained 1 sen or 0.77% today to close at RM1.31, giving the company a market capitalisation of RM3.09 billion.