ECO World Development Group Berhad (EcoWorld) has set a benchmark in Penang with its maiden project — Eco Terraces — using only 30% of its 5.18ha plot for development.
The rest will be dedicated to undulating green terraces and natural elements, according to its general manager Khoo Teck Chong.
He said the freehold project in Jalan Paya Terubong with a gross development value of RM430mil would be offering 333 luxurious condominium units of 1,095sq ft to 2,008sq ft in size at RM850psf.
Each unit was designed horizontally, with every room in each unit getting unrestricted views of either the swimming pool or the forest.
“Before we began designing the buildings, we actually came out with the park and garden first.
“The project is meticulously crafted as it encapsulates five zones that are intertwined.
“Each zone will serve a purpose and bring living at Eco Terraces to a whole new level,” he said during a media briefing at the EcoWorld Penang sales gallery in Macalister Road yesterday.
While admitting that Paya Terubong is notorious for traffic congestion, Khoo said they had spent RM5mil to widen and upgrade part of the road even before the commencement of the project.
He said potential buyers could rest assured that all the infrastructure would be in place when the project was ready in 2019.
“A new link - Jalan Bukit Kukus - is being built to connect Lebuhraya Thean Teik in Bandar Baru Air Itam to Lebuh Bukit Jambul.
“It is an alternative way to ease traffic congestion in Jalan Paya Terubong.
“I was told another developer would be building a residential property and shopping mall here. Therefore, roads will definitely be widened to cater to these.
“So, we will be changing the corridor in Paya Terubong and set new standards in high-rise living here,” he said.
Other than the usual swimming pools, gym and aqua gym, there will also be a jogging path and cycling tracks for those who prefer vigorous activities.
Khoo said there would be badminton-cum-futsal courts, karaoke room, golf simulation room and outdoor barbecue patio.
To get a feel of what Eco Terraces has to offer, Khoo said they even set up a special 3D walk-through experience for potential buyers.
“We want to give Penangites a glimpse of what Eco World has to offer with this 3D experience. They have until May 31 to do so at our sales gallery in Macalister Road.
“It is open during office hours, even on weekends,” he said, adding that the 3D theatre would be moved to the site from June 7 for another two weeks.
Khoo said there would be early- bird privilege, adding that each unit would come with kitchen cabinets, air conditioners, wardrobe fully fitted with sliding doors in each bedroom and several other items as part of the package.
He said the project was expected to be launched in June this year.
The Group presently has approximately 2,122.5ha of land bank with a total GDV of RM65bil.
Currently, EcoWorld has a presence in the Klang Valley, Iskandar Malaysia and Penang with 15 projects that include affordable, upgrader and luxury homes, integrated high-rise developments and green business parks.