Eco World Development Group Berhad [EW Berhad or EcoWorld] opened its Show units for Eco Bloom today with a simple lion dance ceremony.

Eco Bloom is a 4.86-acre freehold mixed development with a GDV of RM283 million comprising a single tower project with 490 residential units split into two wings, and exclusive 23 units of 2 storey shop lots situated below the residential tower. It is part of the 59-acre Eco Meadows project in Simpang Ampat.

Just like Eco Meadows, Eco Bloom will carry the similar Neo-Royalty architectural language which reflects the timeless beauty of English royal homes in its building design.

“We are extremely excited to unveil our show units showcasing innovative designs and concepts for our customers. We are delighted that Eco Bloom is the first high-rise development on mainland Penang to carry the modern English architecture in its design,” said EcoWorld General Manager for Northern Region Khoo Teck Chong.

The three show units now open for viewing at Eco Bloom come in 3 sizes, the selling price is from RM388,000 and above.

• Type A (802 sq.ft. – 2 bedrooms)
• Type B (901 sq.ft. – 3 bedrooms)
• Type C (1,101 sq.ft. – 3 bedrooms)

Visitors will be pleased to know that the architectural style of the project has also been translated into the show units’ elegant interior design.

“We have an array of products to choose from and it also caters to the different lifestyle options for residents, business owners and visitors alike. With the successful take up rate for Phase 1 of Eco Meadows, we are confident that the response will be positive for Eco Bloom as well as the timeless English theme has been proven to be a crowd favourite,” said Khoo.

The condominium will include facilities such as a swimming pool, gym, jogging track, BBQ area, multi-purpose court, multi-purpose hall, children playground in addition to the convenience provided by the retail portion of the development.

In terms of accessibility, Eco Bloom is easily accessible via the North South Expressway and has close proximity to Penang Bridge and Sultan Abdul Halim Muadzam Shah Bridge.

Drop by for a visit at EcoWorld Gallery @ Eco Meadows today or call +604 510 2255 to find out more about their latest offer.


* FIND OUT MORE ABOUT ECO BLOOM *

Penang Development Corp (PDC), the state’s investment arm, will call for a fresh request for proposal (RFP) for the mixed development plan in Batu Kawan on mainland Penang, after the mutual rescission of the RM10 billion Eco Marina with Eco World Development Group Bhd (EcoWorld).

PDC general manager Datuk Rosli Jaafar said a fresh RFP is necessary since the “new technical conditions” to make the project viable would depart from the original RFP.

“PDC is also of the view that the calling of the fresh RFP by open tender is the best way forward to enable the development of the 18-hole international golf course and related mixed development to proceed smoothly, in line with making Batu Kawan, the new satellite township, into an industrial, tourism and services hub of the northern region,” he said in a statement.

Rosli did not specify the new technical conditions under the fresh RFP, only noting that the original RFP was for the development of an 18-hole international golf course on a 60.7ha plot, with the remaining lands allocated for mixed development.

The RFP was conducted by open competitive tender and there were only two bids, he said, adding that the other company lost out not only on price but also did not meet the technical requirements.

He said the mutual agreement to rescind was made in view of the fact that the studies procured by EcoWorld showed that the golf course development would require significant additional acreage than the 60.7ha originally planned, largely due to the hilly and rocky terrain. “In view of this, the project could not proceed as originally planned in compliance with the RFP,” he added.

Source: TheEdgeProperty.com.my

You are cordially invited to the private sneak preview of Eco Bloom Show Unit on 12 June 2016, 10AM at EcoWorld Gallery @ Eco Meadows

* Click HERE to find out more about Eco Bloom @ Eco Meadows *

EcoWorld: Award for 449.64-acre land in Batu Kawan rescinded

Eco World Development Group Bhd (EcoWorld) has agreed with the Penang Development Corp (PDC) to rescind a letter of award dated March 26, 2015 for the purchase and development of 449.64 acres of land in Bandar Cassia, Batu Kawan.

Accordingly, their plans to build an 18-hole international golf course on 150 acres of land and a mixed-use development named Eco Marina on the remaining acres of land fell through.

“However, extensive studies undertaken as part of the detailed planning process have revealed that the acreage required for the golf course development will be significantly higher than originally contemplated which adversely impacts the viability of the project,” said EcoWorld.

EcoWorld president Datuk Chang Khim Wah (pictured) said while the group accepts the unavoidable circumstances that led to the rescission of the letter of award, it remains keen on Penang, calling it a “valued market”.

“We are confident that Batu Kawan holds much promise as Penang’s future engine of growth and are keen to play a role in making it a key development hotspot for the nation. Accordingly, we will continue to look for other opportunities to acquire good landbank here to develop more townships. This will enable us to replicate and build on the success we have enjoyed with our Eco Meadows project on the mainland,” he said.

PDC is expected to execute a deed of rescission soon, said the group.

Source: TheEdgeProperty.com.my

A new centre of connectivity is fast appearing….where a new hub for integrated transportation, integrating rail, ferry and bus services, will soon rise in the north.

Serving as the centre of transportation for Penang and the northern corridor, the hub also integrates retail, commercial and residential development within the planned 6 million square feet of development.

This is currently under construction. When completed, it will be the main integrated transportation hub for Penang, combining rail, road, sea and other transportation services – some 200,000 passengers are expected to use the terminal daily when it become fully operation.

Location Map:

Contributed by reader [6 Nov 2017]