The proposed land acquisition comes at an opportune time for EcoWorld to replenish its land bank in Iskandar Malaysia.
"Since 2014, the group has not acquired any new landbank down south — instead it has focused on developing its existing four townships and three business parks there which have all performed tremendously well," it said.
The company said the acquisition also comes with attractive payment terms, pointing out that 98% of the base price is payable over a seven-year period, starting a year after the launch date, to match the expected development tenure.
"This will minimise the initial cash outlay required from EcoWorld. The relatively low interest rate offered by the vendor will further help to reduce holding costs.
"Given the low upfront cash commitment, continued development progress achieved in Iskandar Malaysia, sizeable market catchment and strong demand created by Eco Botanic in the immediate locality, the development prospects of the new land are excellent," EcoWorld said.
@yeochingu....only this land build 300k-450k houses? or all new project going forward will be at this range too? ---------------------------------------------------------------------- This is in line with EcoWorld Malaysia's recently announced plans to introduce a new range of homes priced from RM300,000 to RM450,000 shortly to take advantage of the outstanding infrastructure and lifestyle amenities already in place at its various projects, which include Eco Botanic. 16/12/2019 5:13 PM
If I am not mistaken,Government require Every Township to have Affordable Homes maybe Other township such as Eco Ardence will have these kind of houses as well..
Among the townships that will see the launch of these high rises include Eco Botanic in Iskandar Malaysia, Eco Ardence in Setia Alam and Eco Sanctuary in Kota Kemuning, he added.
Eco Sanctuary, Eco Botanic and Eco Ardence Very strong developer keep develope new houses without fear Because they were supported by Raykat Malaysia
Smart Buyers buy from Smart Developers with new concept, quality lifestyle ( Ecoworld DNA )
The project is worth an estimated RM1.67 billion in gross development value (GDV), with a large component of it to comprise affordable products, in line with its plans to introduce a new range of homes priced between RM300,000 and RM450,000.
1.67billion
minus 325million and 20m 200k x7 = 1.4m 325m+21.4m= 346.4m
ks55 Sell Ecoworld. Cut loss. Use proceed to buy into GKent at 1.05 You will make money today, latest next week. 01/11/2019 12:28 PM
ks55 Ecoworld is on its way to 65 sen, thence heading to 45 sen in 2 years time. That was the price LKS paid for his controlling stake! 17/12/2019 9:46 AM
ks55 Ecoworld is on its way to 65 sen, thence heading to 45 sen in 2 years time. That was the price LKS paid for his controlling stake! 17/12/2019 9:46 AM
hohoho...skl prediction again.. Recorded. 45sen can check ks55 history.. just a fool prediction dont believe? hehe..he keep repeat same thing... check his comments
Sneakpeek under 70c soon.. kesian who got trapped at 83c 17/12/2019 10:12 AM If you are value investor.. when you see the price coming down, should be happy.. this is the chance to top up
Why for other developer of high-rise apartment, land cost is normally 15%, whereas Ecoworld is at 18%? Why others pockets all profit whereas Ecoworld has to give away 20%? It is not a JV, it is a hand-out for lip-service provided by PDT.
Do not reply to my posting. It is for my own consumption only.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
apalumau
2,192 posts
Posted by apalumau > 2019-12-16 14:24 | Report Abuse
@raja. 这位仁兄,肯定不是一支骨,因为他痛恨赌场和百家乐,不然连你上上山过海玩百家乐的贴文也删掉?