The RM1bil EcoSky, an integrated development by Eco World Development Sdn Bhd, has reached a milestone with its recent groundbreaking that was officiated by Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor.
Also present at the ceremony as guest of honour was Kuala Lumpur mayor Datuk Seri Ahmad Phesal Talib.
EcoSky is Eco World’s maiden project, located on a 3.9ha freehold plot along Jalan Ipoh in Taman Wahyu.
EcoSky has received positive response from the market with its first two residential towers, Aurora and Basalta, that launched last December, selling fast.
The third tower, Clarita, will be launched soon.
Set in an urban resort-style environment, the development includes modern office space and over 100 retail outlets for shopping, dining and entertainment.
The project is expected to be completed by mid-2018.
In his speech, Tengku Adnan encouraged developers to look outside the central business district and hoped EcoSky would be a template for future integrated developments.
“Today, about 65% of our population live in the city. So there is a need to ensure affordable housing for city dwellers and at the same time, provide good infrastructure and amenities for them.
“With private developers like Eco World, I am sure this can be achieved,” he said.
EcoSky is pursuing certification by Malaysia’s Green Building Index, Singapore Building Construction Authority’s Green Mark and the US Green Building Council’s LEED.Eco World chairman Tan Sri Abdul Rashid Abdul Manaf noted that the 360 degrees living concept introduced in EcoSky is also a testament of the developer’s commitment to sustainable development.
Eco World will also spend about RM3mil to help upgrade facilities in the surrounding area, including building a new covered walkway to connect EcoSky to the Taman Wahyu KTM station and rejuvenating the landscape of a 1.1ha neighbouring public green space belonging to DBKL.
Eco World chief executive officer Datuk Chang Khim Wah said, the EcoSky once fully occupied would have a staying population of about 5,000 people.
“This development will certainly boost property prices in the vicinity,” he added.
Units in Aurora and Basalta range from 800sq ft (74.3sq m) to 1,900 sq ft (176.5sq m ) and priced at RM650,000 to RM1.5mil or an average of RM650psf.
Chang said the average price for Clarita will be RM750psf.
Eco World will continue to be on the lookout for more landbank.
It currently has a total of 1,214ha of land worth RM30bil under development in the Klang Valley, Johor and Penang.
Its other projects include the RM3bil EcoBotanic, a premier township development in Iskandar Malaysia.
More projects are expected to take off within the next two years including business parks and new townships in the Klang Valley, Iskandar Malaysia and Penang.