Eco World International's maiden Sydney project is 90% reserved

SYDNEY (Sept 11): Eco World International’s maiden residential project in Sydney, Australia -- West Village -- is already 90% reserved before the official launch of the project.

Previews were organised in June and July in Kuala Lumpur, Singapore, Indonesia, China and Hong Kong. The remaining 10% have been kept for the official launch which is slated for end of September, although the exact date has not been finalised yet.

Deputy chairman of Eco World International Tan Sri Liew Kee Sin, who gave the welcome address at the opening of EcoWorld Gallery@West Village in Parramatta in Sydney today, is happy with the performance of West Village and believes the project has much to offer.

“We are delighted to debut the Eco World brand in Australia with such a strong project located in Parramatta, the fastest growing CBD and No 1 Investors’ hotspot in Australia," said Liew.

Also present at the opening were Eco World International president and CEO Datuk Teow Leong Seng, CEO of Eco World Sydney Development Pty Ltd Yap Foo Leong, and guest of honour Lord Mayor of Parramatta, Scott Lloyd.

West Village is sited on an approximate one acre plot at the corner of Church Street and Parkes Street in Parramatta. It has a gross development value of A$300 million (RM910 million) and will offer 397 units of 1, 2 and 3-bedroom apartments starting from 50 sq m. They are selling from A$11,000 per sq m. The units are spread across a 40-storey residential tower and a seven-storey podium portion. On the ground level, there will be 1,300 sq m of retail space for F&B outlets to cater to the residents in the development.

According to Yap, Parramatta is centrally located within New South Wales and the only way for Sydney to expand is to the west as the city is by the coast.

Moreover, he adds that Parramatta has all the amenities such as a train station, which takes you to Sydney CBD in 30 minutes, universities such as Western Sydney and University of New England, medical facilities and the largest shopping mall in the southern hemisphere Westfield Parramatta Shopping Centre.

Teow revealed that West Village’s buyers are a mix of international and local investors. He also said that the land was purchased for A$43 million in June 2014.

West Village will commence construction in 2Q2016 and is scheduled to be completed in three years. Internationally recognised architecture firm Wood Bagot will be designing the building and the green areas will be landscaped by celebrity landscape designer Myles Baldwin.

West Village's facilities include a rooftop terrace that will feature a chef’s kitchen and lounge. Atop the podium section will be a landscaped garden. Other facilities are a private piano room and the first indoor driving range golf simulator in Western Sydney that allows golfers to play the top 20 courses in the world.