By BERNAMA
Chang Khim Wah
Property developer Eco World Development Group Bhd is confident of achieving its sales target of RM3 billion for the financial year ending Oct 31, 2015.
In a statement today, Eco World said to date it has achieved the target of RM2.37 billion as of Aug 31.
President and chief executive officer Chang Khim Wah said to achieve the target, the company would continue to undertake innovative campaigns to further raise the company’s brand profile and actively market its 10 ongoing projects.
“We believe that there will still be demand for good quality products in the right location,” he said.
Eco World’s ongoing projects include luxury township Eco Sanctuary and flagship township Eco Majestic, both in the Klang Valley, as well as Eco Tropics and Eco Business III in Iskandar Malaysia.
He said Eco World’s immediate future plans also include the launch of Eco Meadows on the Penang mainland and Bukit Bintang City Centre in Kuala Lumpur, which would establish a solid foundation for its future growth.
As of Aug 31, EcoWorld sales were mainly contributed by projects in the Klang Valley (RM1.35 billion) and Iskandar Malaysia (RM964 million).
For June-August alone, the company recorded sales of RM1.18 billion, driven by sales of the Eco Sanctuary, Eco Tropics, Eco Business Park III and several other projects in Iskandar Malaysia.
Chang said Eco Sanctuary, which was launched in June, has received overwhelming responses for its first phase projects and succeeded in achieving sales of RM581 million.
In Iskandar Malaysia, he said, Eco World recorded RM400 million sales from June to August, contributed by the sales of Eco Tropics and Eco Business Park III with combined sales of RM245 million and Eco Botanic, Eco Spring and Eco Summer and Eco Business Park I with combined sales of RM155 million.
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