KUALA LUMPUR: Eco World Development Group Bhd (EcoWorld) will launch Eco Grandeur, a modern integrated green township located in Bandar Puncak Alam, Selangor, next month.
“We expect Phase 1 of the development to be completed in three years,” said its president and chief executive officer Datuk Chang Khim Wah, adding that entire project will be completed in 12 to 15 years.
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 yesterday unveiled its newest sales gallery, its fifth in the Klang Valley and 12th in Malaysia. The new gallery spans five acres (2.02ha), 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 EcoWorld hospitality,” said Chang.
Eco Grandeur features quality affordable homes targeted at first-time homeowners and upgraders who are already living in the vicinity. The development features a modern Victorian-style architecture, beautiful landscaping and an emphasis on eco living, similar to EcoWorld’s other projects.
The development is strategically located with access via the Guthrie Corridor Expressway, KL-Kuala Selangor Expressway, North-South Expressway, 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.
Overall, Chang said EcoWorld 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.