Eco Boulevard shopoffices at Eco Botanic being handed over

PETALING JAYA (March 3): Eco World Development Group Bhd (EcoWorld) has been handing over the shopoffices at Eco Boulevard, the business precinct of its Eco Botanic township in Johor, to owners since February.

With a gross development value (GDV) of RM440 million, Eco Boulevard is made up of 200 shopoffices inspired by English colonial architecture. The built-ups for the 3-storey units start from 5,217 sq ft with prices from RM2.55 million. Some 90% of the shopoffice units have been sold, said divisional general manager Datuk Hoe Mei Ling.

It is one of the first commercial shopoffices in Iskandar Puteri (formerly known as Nusajaya) that feature such innovative new design concepts, Hoe told TheEdgeProperty.com.

Eco Boulevard’s architecture is a fusion of the classic and contemporary, thus allowing businesses there to provide a unique business environment and experience to their customers, she added.

The completion of the business district will bring greater convenience not only to Eco Botanic residents but also those from the surrounding townships, industrial parks, as well as students and employees from EduCity, the fully integrated education hub in Iskandar Malaysia.

Hoe said EcoWorld’s leasing and property services team is providing match-making services, lease negotiation and agreement execution as well as landscape and common area maintenance to Eco Boulevard owners in order to help the business district grow and mature.

“The businesses that we are trying to pull into Eco Boulevard include F&B, banks, wellness, fashion apparel, clinic and pharmacy, offices and others,” she added.

Being the developer’s maiden township, Eco Botanic was launched in 2013 with a total GDV of RM3.79 billion. Over 15% of the 270-acre freehold development have been reserved for greenery including indigenous trees and plants.

Eco Botanic is accessible via the Johor Bahru Eastern Dispersal Link Expressway, Coastal Expressway and Second Link Expressway. It is also close to Senai International Airport, Johor Bahru city centre, Singapore, Legoland and EduCity.

The first residential project of Eco Botanic dubbed The Verandah, comprising 624 cluster homes and semi-dees, were fully sold and delivered to buyers last September. The built-ups for the units range from 2,340 sq ft to 3,420 sq ft, while the selling prices were from RM1.3 million to RM2.3 million.

Meanwhile, the second residential project at Eco Botanic is known as The Chateau, which consists of 322 super-link houses and semi-dees with built-ups from 2,731 sq ft to 3,952 sq ft and prices from RM1.435 million to RM2.796 million. About 60% of the non-Bumi units have been sold to date.

This story first appeared in TheEdgeProperty.com pullout on March 3, 2017. Download TheEdgeProperty.com pullout here for free.