Following the success of the EcoBotanic@Nusajaya, Eco World Development Group Bhd plans to launch two township projects with a combined gross development value of RM5 billion in Iskandar Malaysia in May.
Located within the Tebrau growth corridor, the projects – EcoSpring and EcoSummer – will be launched simultaneously, according to Datuk Chang Khim Wah, Chief Executive Officer at Eco World.
He revealed that the projects, which are aimed at different group of buyers, will keep the company busy over the next eight years.
Nestled on 161.87ha site, EcoSpring will offer semi-detached houses, cluster homes and bungalows that are inspired by English cottages.
EcoSummer, on the other hand, will be sited on 80.93ha land, featuring double-storey link houses designed after English colonial-styled houses.
Chang revealed that the first phase of EcoSpring will offer 200 residential properties with prices starting from RM1 million, while EcoSummer’s 500 units will go from RM650,000.
He noted that Tebrau remains the property hotspot in Iskandar Malaysia “due to its maturity and accessibility from almost all parts of Johor Bahru, making it a favourite among house buyers.”
Meanwhile, the company’s flagship project, EcoBotanic@Nusajaya, was warmly received, with Phase One’s 624 units of semi-detached houses and cluster homes fully sold out, said Chang.
“Our next move is the Kota Masai area, as we still have a large tract of land there of about 404.68ha, and the area has good growth potential.”