Strength Ecoworld

Strength
3rd consecutive year that sales under the EcoWorld Brand has crossed the RM6 billion mark
Eco World International Berhad’s (“EcoWorld International”) projects in the United Kingdom (“UK”) and
Australia recorded sales of RM2 billion (based on exchange rates as at 31 October 2017).
Ecoworld international has announannounced the acquisitions of two new development sites in
Australia and an exciting new joint-venture in the UK with Be Living Holdings Limited (“Be Living”) which
will significantly increase its development presence in Greater London and the South East of England.
In early 2017, we announced a new partnership with the Employees Provident Fund (“EPF”) to jointly
develop Eco Horizon and Eco Sun, totalling 374.6 acres of prime land in Batu Kawan, Penang.
Following last year’s hugely popular Season’s Flower Show that attracted more than 200,000 visitors to
Eco Majestic, we organised the EcoWorld Illuminations Flower Show this year with a spectacular array of
flowers and lights surrounding the Swan Lake. Down south, the annual Bon Odori Festival was held at
Eco Botanic for the third year in a row with an extensive cultural display of Japanese decorations, food
and lively performances.
For our efforts in building a conducive work environment, EcoWorld Malaysia brought home the Aon
“Best of the Best Employers in Malaysia” Award for the second year running.
EcoWorld Malaysia also improved its rankings to break into the Top 5 list of Property Developers in The
Edge Malaysia’s highly sought-after Top Property Developers Awards 2017
The Group as a whole also did well at the StarProperty.my Awards and Putra Brand Awards. We
emerged as a Top 3 Developer in the Reader’s & Voter’s Choice Award by the StarProperty.my and won
Gold in the Property Development Category at the Putra Brand Awards.
Our projects in the Klang Valley and Iskandar Malaysia, namely BBCC, Eco Grandeur, Eco Botanic, Eco
Spring, Eco Summer and EBP I were also honoured with six individual awards at the main
StarProperty.my Awards 2017 and we won another four awards at the StarProperty.my – Jewels of
Johor Awards 2017.
established new partnerships, handed over close to 4,000 new homes and commercial units, launched
three new projects and achieved our RM4 billion sales target for the financial year ended 31 October
2017. The Group now has 18 ongoing projects in Malaysia with a total landbank of 8,126.4 acres bearing
a total gross development value (“GDV”) of RM87.529 billion. As at 31 October, the remaining landbank
for development stands at approximately 5,100 acres with a GDV of RM73.577 billion.
Two new projects in the Klang Valley and one new project in Penang
were featured, namely:
• Eco Forest, a 492.7-acre township in Semenyih, close to Broga

Hill and Nottingham University. This is our second project in
this rapidly growing development corridor and builds upon the
success of our established Eco Majestic township. The launch
of Eco Forest, with unique A-framed terrace and garden homes
set within a forest-themed landscaped environment was very
warmly received by first-time homeowners and upgraders
seeking a nature-inspired lifestyle;
• EBP V, a 518.6-acre modern gated and guarded green business
park located in Ijok, close to our Eco Grandeur township. The
first of its kind in the Klang Valley, EBP V offers well-designed
industrial and commercial units with an innovative 4-in-1 and
customisable flexi-space concept suitable for a wide range of
businesses; and
• Eco Horizon, a 300-acre development which is our first full-scale
EcoWorld signature township up north. The project is situated
on a prime piece of land in Batu Kawan on the Penang mainland,
right opposite the new IKEA store and strategically located off
the primary interchange linking the Second Penang Bridge to the
North-South Highway.
EcoWorld Malaysia saw an increase of 62% in its net profit from
RM129.3 million in FY2016 to RM209.6 million in FY2017. For the
year ended 31 October 2017, the Group achieved revenue of RM2.9
billion, up 15% from FY2016, and profit before tax (“PBT”) of RM282.6
million, which was up 46% from last year.

weakness
Total liabilities increased by close to RM531
million mainly due to additional borrowings
taken to partially fund the increase in
investments in joint-ventures as well as
to meet operational and working capital
requirements of the Group’s various projects
undertaken by its subsidiaries and jointventures
50% of unsold stock is priced below RM500,000, widely considered
to be in the affordable range. Among the reasons cited for the low
take-up rates are unattractive locations of some affordable housing
projects due to factors such as distance from work places and low
transport connectivity. 61% of total unsold units were high-rise
apartments – this may reflect households’ continued preference for
landed over high-rise properties. In addition, the target market for
affordable homes may comprise many non-creditworthy applicants,
resulting in inability or delays in securing loans – this in turn will
adversely impact the allocation and take-up rates of such properties.

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were featured, namely:

• Eco Forest, a 492.7-acre township in Semenyih, close to Broga

this rapidly growing development corridor and builds upon the

success of our established Eco Majestic township. The launch

of Eco Forest, with unique A-framed terrace and garden homes

set within a forest-themed landscaped environment was very

warmly received by first-time homeowners and upgraders

seeking a nature-inspired lifestyle;

• EBP V, a 518.6-acre modern gated and guarded green business

park located in Ijok, close to our Eco Grandeur township. The

first of its kind in the Klang Valley, EBP V offers well-designed

industrial and commercial units with an innovative 4-in-1 and

customisable flexi-space concept suitable for a wide range of

• Eco Horizon, a 300-acre development which is our first full-scale

EcoWorld signature township up north. The project is situated

on a prime piece of land in Batu Kawan on the Penang mainland,

the primary interchange linking the Second Penang Bridge to the

EcoWorld Malaysia saw an increase of 62% in its net profit from

RM129.3 million in FY2016 to RM209.6 million in FY2017. For the

year ended 31 October 2017, the Group achieved revenue of RM2.9

million, which was up 46% from last year.

Total liabilities increased by close to RM531

million mainly due to additional borrowings

taken to partially fund the increase in

investments in joint-ventures as well as

to meet operational and working capital

requirements of the Group’s various projects

undertaken by its subsidiaries and jointventures

50% of unsold stock is priced below RM500,000, widely considered

take-up rates are unattractive locations of some affordable housing

transport connectivity. 61% of total unsold units were high-rise

apartments – this may reflect households’ continued preference for

landed over high-rise properties. In addition, the target market for

affordable homes may comprise many non-creditworthy applicants,

resulting in inability or delays in securing loans – this in turn will

adversely impact the allocation and take-up rates of such properties.

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