KUALA LUMPUR: Eco World Development (S) Pte Ltd (EWPL), a wholly owned subsidiary of Eco World Development Group Bhd (EcoWorld) was recently confirmed as the winning bidder in a tender called by the Urban Redevelopment Authority (URA) of Singapore for a parcel of land at Lorong Puntong/ Sin Ming Avenue measuring approximately 4,283.4 sqm.
The land was awarded by URA to EWPL for a 99-year lease term at a tender consideration of S$208,099,000 (RM667.6 million). It is to be developed into residential condominiums or flats with a maximum permissible gross floor area (GFA) of 11,994 sqm.
“We are delighted to make our debut as a property developer in Singapore at such a prime residential location. The site enjoys excellent connectivity via major roads and expressways, while Bright Hill MRT station, which will become an interchange station by 2030, is just a three-minute walk away,” said EcoWorld president and CEO Datuk Seri Chang Khim Wah.
He added that they are planning to launch the project in 2028 under their new VERSIONE series.
“This latest development concept by EcoWorld offers highly curated lifestyle apartments and experiences designed to meet the needs and aspirations of each customer group. Given the site’s strategic location, we aim to create a distinctive residential enclave that brings the best of the EcoWorld brand to discerning and sophisticated Singaporean homebuyers,” he said.
Chang noted that EcoWorld is not new to Singapore – since 2015 the group has established a marketing presence there and it has built up a small but highly experienced team that understands the market well.