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Old March 20th, 2014, 04:58 AM   #1
davidwsk
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ECO SANCTUARY CITY | Selangor (Tropicana Aman) | U/C

Eco World to launch RM8b Klang project


20 March 2014


KUALA LUMPUR: Eco World Development Group Bhd, a company set up by former SP Setia Bhd's directors and executives, will launch EcoSanctuary, a new project in south Klang worth RM8 billion.


The project is part of Tropicana Corp Bhd's 468.8ha Tropicana Aman development, which was previously known as Canal City



Eco World is acquiring 123.5ha from Tropicana for RM470.67 million, or RM35 per square feet.


Trading of Eco World and Tropicana shares was suspended yesterday from 2.30pm to 5pm.


Prior to the suspension, Eco World rose two sen, or 0.4 per cent, to RM4.69, while Tropicana was up five sen, or 3.6 per cent, to RM1.43.


Both parties expect to conclude the land deal in the second half of this year.


Tropicana said in a statement that it will gain RM170 million from the land sale, which will translate into incremental net earnings per share of 12 sen for fiscal year 2014



Its group executive vice-chairman Tan Sri Danny Tan Chee Sing said the sale is to unlock the value of the sizeable landbank and monetise assets to boost its balance sheet.


Meanwhile, Eco World president and chief executive officer Datuk Chang Khim Wah said the deal is in line with its strategy to replenish its landbank in major growth corridors to expand its operations



He said Eco World would be able to launch the project after completion of the deal as the land comes with an approved development order.


Chang said the eight-year project, which will feature eco-themed mixed residential and commercial properties, is expected to start by year-end.

EcoSanctuary will be the company's maiden township launch in the lang Valley under the Eco World brand.


Eco World has been busy buying land since last year and now has 1,214ha in Greater Kuala Lumpur, Johor and Penang with estimated gross development value of RM30 billion.


Business Times reported recently that Eco World is participating in a request for proposal by Penang Development Corp to buy 190ha on a hillock close to the landing point of the new bridge crossing between Batu Kawan and Batu Maung on Penang island.



More: http://www.nst.com.my/business/today...#ixzz2wScEdYfi
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Old March 20th, 2014, 05:11 AM   #2
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Eco World buys 308.72 acres out of the 1,172 acres proposed Tropicana Aman.
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Old September 24th, 2014, 04:51 PM   #3
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It turns out a mega developments in Tropicana Aman vicinity !!


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"EcoWorld is proposing to develop a mixed residential and commercial project on the land. It will comprise 1215 units of terrace houses, 172 semi-detached houses, 51 units of bungalow, 2425 units of Condominiums, 2100 units of high-rise commercial buildings, , 1800 units of high-rise flexi-offices and 1761 units of high-rise serviced apartments.

The proposed project will be named "Eco Santuary" and is estimated to have a gross development value of RM 8 billion.
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Old September 24th, 2014, 05:11 PM   #4
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Terrace House (22 x 75): 885 units
Terrace House (24 x 75): 80 units
Terrace House (22 x 80): 200 units
Terrace House (24 x 80): 50 units

Semi-Detached (45 x 80): 72 units
Semi-Detached (42 x 85): 100 units
Bungalows (60 x 95): 51 units

Lowrise Condominium: 1,528 units
Highrise Condominium: 897 units
Highrise Service Apartment: 1,761 units

Highrise Commercial: 2,100 units
Highrise Flexi-Office: 1,800 units
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THE KUALA LUMPUR DEVELOPMENTS COMPILATION (LATEST: JAN'2015) >>> PAGE 1 >>> PAGE 2 (Suburb)

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Old December 11th, 2014, 07:56 AM   #5
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are these the units available at eco sanc ? is it open for bookings already ?

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Originally Posted by patchay View Post
Terrace House (22 x 75): 885 units
Terrace House (24 x 75): 80 units
Terrace House (22 x 80): 200 units
Terrace House (24 x 80): 50 units

Semi-Detached (45 x 80): 72 units
Semi-Detached (42 x 85): 100 units
Bungalows (60 x 95): 51 units

Lowrise Condominium: 1,528 units
Highrise Condominium: 897 units
Highrise Service Apartment: 1,761 units

Highrise Commercial: 2,100 units
Highrise Flexi-Office: 1,800 units
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Old December 11th, 2014, 09:29 AM   #6
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So no more Khalid project on again ah?
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Old April 12th, 2015, 07:39 AM   #7
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https://www.youtube.com/watch?v=BXSiapcbflQ
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Old June 23rd, 2015, 06:09 PM   #8
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Old June 23rd, 2015, 06:09 PM   #9
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Old November 17th, 2015, 01:15 PM   #10
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Strong take-up rates to boost EcoWorld’s prospects, says Maybank Research
Tuesday, 17 November 2015
http://www.thestar.com.my/Business/B...cts/?style=biz



Eco World recently unveiled its Eco Sanctuary in Selangor to the media

KUALA LUMPUR: In spite of a challenging property market, EcoWorld Development Bhd’s new launches have seen solid take-up rates and will likely help it achieve its RM3 bil sales target for its latest full financial year, says Maybank Investment Bank Research.

The research house had on Tuesday maintained its "buy" rating for EcoWorld with a target price of RM1.69. The stock was last traded at RM1.42 in early Teusday trade.

The softening demand for primary market transactions, coupled with stiff competition by peers in the residential housing segment, has not deterred EcoWorld from reporting impressive sales, says Maybank Research.

Its flagship Eco Sanctuary project in Canal City, Selangor saw a take-up rate of 70% for its Phase 1 development, which comprise of about 700 units of landed properties available for sale.

“This is impressive considering the fierce competition from other nearby residential projects which are priced at between 11-40% below Eco Sanctuary’s terraces. EcoWorld’s innovative concept for this project allowed for the units to be priced higher,” says Maybank.

While other developers have revised downwards their sales projections for this year, EcoWorld remains confident of achieving their initial sales target of RM3 billion.

As at end-Aug, the group has locked in RM2.37 bil in sales from new launches. Nearly two thirds of new sales were derived from the Central region, while 40% comes from the Southern region.

On the other hand, Maybank notes that EcoWorld’s profit outlook and net margins look unexciting over the next 1-2 years.

“This is because of the heavy infrastructure expenditure requirements for the group’s new projects, while net gearing is set to stay above 0.5 times due to the lack of significant earnings constribution and its aggressive landbanking activities,” it says.

The group’s final quarter results for its financial year ending Oct 31, 2015 is set to be released in December.
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Old April 8th, 2016, 09:40 AM   #11
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Scanned by: http://www.malaysiapropertynews.com.my/
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THE KUALA LUMPUR DEVELOPMENTS COMPILATION (LATEST: JAN'2015) >>> PAGE 1 >>> PAGE 2 (Suburb)

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Old March 25th, 2017, 08:27 AM   #12
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Quote:
The Parque Residences — Maximum indulgences at minimum fuss
By Eco World Development Group / Eco World Development Group | March 24, 2017 2:37 PM MYT


Like an exquisite diamond in a diminutive box, The Parque Residences in Eco Sanctuary are cosy little homes packed with luxurious elements.

Besides full-fledged lifestyle facilities within a resort setting, it offers a dedicated care-and-wellness service centre. The Eco Sanctuary Care Hub operated by Managedcare Sdn Bhd marks a first in Malaysia, where a dedicated facility with nurses on standby 24/7 is incorporated into a residential development.

http://www.theedgeproperty.com.my/co...s-minimum-fuss
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Old May 23rd, 2017, 07:21 AM   #13
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https://www.facebook.com/EcoWorldDevelopment/
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