Search Articles

Find tips, tools and how-to guides on every aspect of property

EcoWorld Upbeat on 2017 Property Market


EcoWorld Upbeat on 2017 Property Market

SHAH ALAM, February 20— EcoWorld Development Group Bhd is upbeat on the property market for 2017, leveraging on low-interest environment and positive buying sentiment.

Its Chief Executive Officer, Datuk Chang Khim Wah, said the market should improve from 2016, with the low-interest rate regime being stable and attractive.

“Last year’s sales were supported by the market in spite of the goods and services tax as long as product and service requirements were met,” he said.

Chang said this to reporters after the company’s extraordinary general meeting here today.

He said the only thing the company could do was to be innovative — to be in the right location and to have products which would attract potential buyers.

“The developers should consider factors such as security and landscaping, as well as keeping purchasers engaged through providing good service and quality product in the market.

“We are optimistic that we will meet our RM4 billion sales target for 2017,” he said.

Chang said branding played a pivotal part for the company, as it would translate into buyers’ confidence.

On landbank, Chang said, EcoWorld’s position was quite stable, as its parcels of land were located in the three major regions in Peninsular MalaysiaPenang, Klang Valley and Iskandar Malaysia.

He said they also covered major highways in Malaysia, as well as population centres in the three regions.

“We are in most major areas, and we shall build from there,” he added.

EcoWorld currently has 3,258.81 hectares with a total gross development value of RM87.5 billion.

Disclaimer: The information is provided for general information only. Malaysia Sdn Bhd makes no representations or warranties in relation to the information, including but not limited to any representation or warranty as to the fitness for any particular purpose of the information to the fullest extent permitted by law. While every effort has been made to ensure that the information provided in this article is accurate, reliable, and complete as of the time of writing, the information provided in this article should not be relied upon to make any financial, investment, real estate or legal decisions. Additionally, the information should not substitute advice from a trained professional who can take into account your personal facts and circumstances, and we accept no liability if you use the information to form decisions.

More Articles