Eco World Development Group Bhd (EcoWorld) will be launching the first phase of its Brydon collection of semi-detached houses and bungalows in its Eco Horizon township development at Batu Kawan, Penang in the fourth quarter of the year (4Q18).

The township’s second collection will comprise, 382 units of semidees with built-up areas of 2,777 sq ft to 3,553 sq ft and 13 units of bungalows (4,025 sq ft) priced from RM1.2 million and RM2.2 million respectively.

The leasehold strata-titled Brydon will have a GDV of RM556 million.

Find out more about Eco Horizon

Eco North general manager Chan Soo How expects to see a good response to the launch, as the first collection called Ashton — which was unveiled in September last year— was well-received.

To date, Ashton, which comprises 704 units of super-linked homes and garden homes, is over 70% sold.

The two-storey terraces have a land size of 22ft by 70ft, while the super-linked homes and garden homes have a land size of 25ft by 75ft and 30ft by 60ft respectively. Prices start from RM868,000.

“We are happy with the sales achieved to date and believe strongly that the right product and concept will attract buyers,” he said.

Overall, more than 2,000 landed homes will be developed over 230 acres of the 300-acre Eco Horizon.

The remaining 70 acres will be allocated for its commercial component. The entire township will be developed over 10 years and has an estimated GDV of RM7 billion.

There will be a 3.6-acre centralised clubhouse in the township and residents will be able to use the facilities for free in the first year.

The group will also be creating two flamingo-shaped lakes set within a 13.6-acre landscaped park.

EcoWorld is confident that the Batu Kawan growth corridor on mainland Penang will “capture the hearts” of not just those already residing in Penang but also the hearts of aspiring homeowners and upgraders in the northern region of Peninsular Malaysia.

“Both our lands (Eco Horizon and the adjacent Eco Sun) are very strategically located within Batu Kawan. Apart from the attractive prices offered, we are also the first landed homes in the vicinity – something most Penangites are attracted to as there aren’t many landed homes in the vicinity. Our new luxury concept portrays the lifestyle which suits the new Batu Kawan corridor,” Chan explained.

The township is accessible via the Sultan Abdul Halim Muadzam Shah Bridge (Second Penang Bridge) and the North-South Expressway via the Batu Kawan toll plaza.

A proposed Bandar Cassia Trumpet Interchange with a new toll plaza is currently being planned by the Penang Development Corp to ease traffic flow in and out of Batu Kawan to the North-South Expressway.

Meanwhile, Chan said the 74.5-acre Eco Sun is still in the planning stage, as the developer is in the midst of finalising the product to ensure it encapsulates the EcoWorld DNA.

“We are very excited to launch Eco Sun as well, so stay tuned for more updates in the future. In addition, we foresee market sentiments to improve with the abolishment of the Goods and Services Tax,” he said, adding that this will perhaps motivate more people to spend, including buying property.

“We are confident that our signature EcoWorld landed township developments will continue to do well, and look forward to the launch in the coming months,” Chan added.

Update: 27 May 2018

News Source: EdgeProp.my

Approximate location

A proposed commercial development by MFMA Development Sdn. Bhd. at Bayan Lepas. Located near Penang International Airport, next to the existing outdoor car parking area.  MFMA Development Sdn. Bhd. is a joint-venture company between Mitsui Fudosan and Malaysia Airports with shareholdings of 70% and 30% respectively. The company owns Mitsui Outlet Park at KLIA.

This development will see the demolition of the existing hostel and office buildings, for the construction of a 3-storey shopping complex.

The project has commenced detailed development planning works in 2020.

Project Name : Mitsui Outlet Park
Location : Penang International Airport, Bayan Lepas
Property Type : Shopping complex
Developer : MFMA Development Sdn. Bhd.
Last Updated: June 2021
Location Map:

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The expected drop of up to 10% in Penang’s housing prices will not include low-cost and low medium-cost houses that are being built at a loss.

State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo said the prices for low-cost and low medium-cost units would remain at RM42,000 and RM72,500 respectively even though the Sales and Service Tax (SST) had been exempted for major construction materials.

“The current construction cost for a low cost unit is RM120,000 but is sold at RM42,000,” he told reporters after a site visit to the Chelliah Park City affordable housing project here.

“Low-cost and low medium-cost housing units are of a different category. We are already losing so much, so we will maintain their selling price.”

Jagdeep Singh said the state government would, however, consider reducing the pricing on its affordable housing projects following a move by Real Estate and Housing Developers’ Association Penang (Rehda) to bring down the overall housing prices by 10% for those costing above RM300,000 and 6% for affordable housing.

“I will raise the matter at the next state exco meeting for discussion,” he said.

“When it was announced that the Goods and Services Tax (GST) would be replaced with the SST, I did mention that housing prices would go down.

“As SST is not charged for construction material like cement, construction cost is reduced and it would be right for the housing prices to go down as well.

“We welcome the announcement made by Rehda,” he said.

It was reported yesterday that Rehda Penang chairman Datuk Toh Chin Leong said the association would advise its members to lower housing prices in the state.

“If they can reduce by 10% immediately it would be great. If not, it would apply to all new developments.

“For affordable housing, which is partly subsidised by developers, we will look at reducing the price by 6%. The reduction will apply for all new projects after the implementation of SST,” he said.

Meanwhile, Jagdeep Singh annou­nced that the Chelliah Park City project had been given the Green Building Index (GBI) Gold Rating, making it the first affordable housing project to receive the certification.

“It has complied with several green initiative requirements.

“They include a passive design approach for solar orientation, sun blocking and shading to reduce heat gain, use of energy efficient lighting to reduce electricity use and water saving fittings, among other features.

“This project can be an ideal benchmark for others,” Jagdeep Singh said.

“I will ask the Penang Develop­ment Corporation to see how this can be replicated in other projects in the state.”

Source: TheStar.com.my

Housing prices in Penang are set to drop by at least 10% with the implementation of the Sales and Service Tax (SST).

Real Estate and Housing Develo­pers’ Association Penang (Rehda) hopes to bring down the overall housing prices by 10% for those costing above RM300,000 and 6% for affordable housing.

Rehda Penang chairman Datuk Toh Chin Leong said the association here would advise its members to lower the prices.

“We will talk to our members and if they can reduce by 10% immediately it would be great, if not it would apply to all new developments.

“The reduction will apply for all new projects after the implementation of SST this month,” he said during a press conference held by Finance Minister Lim Guan Eng at SPICE Convention Centre in Bayan Lepas.

Toh said replacing the Goods and Services Tax (GST) with SST had reduced costs and Rehda Penang would like its members to pass on any savings to the buyers “as we should not take advantage of it”.

Lim said it was a commendable move, which he hoped would be followed throughout the country.

“It is starting in Penang and is a positive move to reduce housing prices by 10% and 6% respectively.

“It is a good start by a responsible corporate body,” he said.

Source: TheStar.com.my