Eco World Development Group Bhd recently launched its first township in the Klang Valley called the EcoMajestic in Semenyih, Selangor.
Spread over 1,089 acres, it is set to be one of the largest, fully gated and guarded townships in Malaysia with a gross development value (GDV) of RM11.14bil.
Phase 1 offers 612 units of terraced homes of varying sizes, with prices starting from RM586,000.
Subsequent launches will offer semi-detached units as well as bungalows for sale.
Designed around a colonial theme, EcoMajestic’s master plan includes 150 acres dedicated for development as a commercial hub that will make it the centre of business and economic activity for the Kajang, Bangi and Semenyih vicinity.
Some 100 acres has also been set aside to be developed as green zones and recreational areas, in line with the company’s vision of eco-living.
Eco World president and chief executive officer Datuk Chang Khim Wah said the company received strong support from buyers, who lined up two days prior to the official launch to get numbers for the unit selection.
“We get many young couples looking for a home, as well as older buyers who are purchasing property for their children so that they can live nearby,” said Chang.
“The area has good accessibility as it connects to the existing Jalan Semenyih,” he said, adding that a new interchange to the LEKAS highway will be completed in time for the handover of units.
Chang also said that Semenyih was a growing catchment area as a large number of the population are settling there.
“It is a mature township that is close to major towns such as Bangi and Semenyih,” he said.
“The launch comes following the success of our first two projects, the EcoBotanic in Nusajaya, Johor and EcoSky located off Jalan Ipoh in Kuala Lumpur, which has given us the confidence that there is a strong demand for our properties,” Chang said, adding that they achieved a combined total sales of RM1.13bil as of March 31, 2014.
Apart from EcoMajestic, the group simultaneously launched two other new development projects, the Eco Spring and Eco Summer in Tebrau, Johor.
The 613 acre mixed development has a combined GDV of RM5.87bil.
The group also previewed their first Business Park, located in the same vicinity, called Eco Business Park I which aims to take the concept of green full-serviced business parks to another level.
The developer recently announced its sales target of RM5 billion for financial years 2014 and 2015 at RM2 bil and RM3 bil respectively.
“We still have many more projects to be launched and look forward to bringing more innovative products to delight our customers and followers in the near future,” he added.
Upcoming projects include EcoSanctuary in the Klang Valley, the newly revamped EcoTropics, Eco Business Park II and III in Iskandar Malaysia, as well as EcoMeadows on mainland Penang over the next few years.
