Eco World: Still confident of 2015 target and BBCC update

It’s not good news when developers say that they are revising their targets downwards. There are quite a number actually. However, one of them, Eco World said that it is confident to hit its sales target of RM3 billion this year. This is because of the number of township projects it has currently. In fact it has a broad spectrum of products. Yes, it has London projects too. Read here: London housing shortage, Eco World adds 2,773 units  So, do we feel a bit more confident since one of the biggest developer in Malaysia is positive and upbeat? As usual, first time buyers may be very jittery currently but many repeat buyers continues to be on the lookout for ‘gems’ to buy. Read here: Repeat buyers will still buy, yes very true
This was not just the only good news. Eco World also said that it will also be starting the construction of the RM8.7 billion Bukit Bintang City Centre (BBCC) project by the first quarter of 2016. It is in progress of obtaining the development approval from the Kuala Lumpur City Hall. Pre-marketing would start by year-end. I think there are still many investors whom Eco World is targeting and that is why BBCC is still on track and is not being delayed. While no estimated prices per sq ft has been announced but if we were to refer to recent land transactions, we can see that plots of lands in Bukit Bintang and KLCC remains extremely popular.
BBCC is on the site of the former Pudu jail and it is approved for a mixed residential and commercial development comprising a retail mall, an entertainment block, strata offices, office tower, two hotels, and serviced residences and apartments. The total development period is expected to be up to 10 years. When this is completed, I think it’s best to take the MRT instead of driving in. Let’s all drop by the sales gallery once its completed and understand more. Happy buying.
written on 20 Aug 2015
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