EcoWorld brand hits RM3.95bil sales - Business News | The Star Online


EcoWorld brand hits RM3.95bil sales

  • Property
  • Thursday, 14 Sep 2017

“The strong sales pick-up of 40% in the third quarter compared to the second quarter was very encouraging,” says Chang.

“The strong sales pick-up of 40% in the third quarter compared to the second quarter was very encouraging,” says Chang.

KUALA LUMPUR: The EcoWorld brand has achieved total property sales worth RM3.95bil in the first 10 months of the financial year ending Oct 31, 2017 (FY17) through its offerings in both Malaysia and international markets.

Of the amount, Eco World Development Group Bhd (EcoWorld Malaysia) which has a presence in the Klang Valley, Iskandar Malaysia and Penang, contributed sales of RM2.39bil while EcoWorld International Bhd, with core business involving property development outside Malaysia, chalked up sales of RM1.56bil.

EcoWorld Malaysia’s six projects in the Klang Valley accounted for RM1.80bil, its seven projects in Iskandar Malaysia (RM525mil) and the current two projects in Penang contributed RM65mil, said the group in a statement.

Meanwhile, EcoWorld International’s three projects in London recorded sales of RM1.31bil while its two projects in Australia contributed RM249mil.

“The strong sales pick-up of 40% in the third quarter as compared to the second quarter was very encouraging. During the first half of the year, we were very busy handing over the first phases of properties sold, and to date, we have delivered close to 4,500 units to our purchasers,”  said EcoWorld Malaysia president and chief executive officer, Datuk Chang Khim Wah.

As for the remaining two months of FY17, the group will be working towards achieving its sales target of RM4bil from Malaysian projects and RM2.5bil from international projects.

Chang said EcoWorld Malaysia was planning a massive four-project mega launch before the end of FY17.

“Three new projects will be launched, namely Eco Forest and Eco Business Park V in the Klang Valley as well as Eco Horizon in Penang, along with the second phase of landed homes within Eco Ardence, a mixed development property project in Shah Alam,” he added.

Meanwhile, EcoWorld International expected sales of its London projects to pick up in September-October this year.

“This is on the back of several international roadshows which have been planned to promote its projects in the United Kingdom in tandem with local marketing campaigns targeting Londoners as they return from their summer vacations,” it said in the statement.

 EcoWorld International would also continue to seek out well-located development sites in London and Australia, it added.

“This is in line with its corporate objective of building a well-diversified property portfolio with a good spread of projects at various stages of development and price points to ensure both business sustainability and broad market appeal,” said the statement. - Bernama