- CEO
- Khim Wah Chang
- Full Time Employees
- 1,132
- Sector
- Finance
- Industry
- Real estate development
- Address
- Menara EcoWorld Kuala Lumpur WP Malaysia 55100
- IPO Date
- Sep 17, 1991
- Business
- Eco World Development Group Berhad is a Malaysian property development company specializing in the development and sale of townships, integrated commercial properties, high-rise luxury apartments, and green business parks. Its core product offerings include residential properties such as landed homes and serviced apartments; commercial developments including shop offices, retail centers, and office buildings; industrial parks; and township infrastructure. The company also provides property management, project management, marketing, construction-related services, and trades in building materials. Its major projects span key economic regions in Malaysia such as Klang Valley, Iskandar Malaysia, and Penang, highlighted by developments like Eco Grandeur, Eco Ardence, Eco Business Park, Eco Meadows, Eco Horizon, Eco Sun, and Eco Bloom. Eco World operates across the full real estate development value chain serving retail homebuyers, businesses, and investors.
Founded in 2013 and headquartered in Kuala Lumpur, Eco World Development Group Berhad leverages a landbank exceeding 11,000 acres. Recently, Eco World has undergone significant operational adjustments, notably reducing its stake from 65% to 45% in the Eco Business Park 8 joint venture with SD Guthrie Bhd, aligning shareholder interests and sharing risks and opportunities to support long-term industrial development growth in Johor's Iskandar Malaysia region. The company also met its FY2024 new sales target of RM3.5 billion ahead of schedule and reported robust financial results including a 60.3% net profit increase for FY2024 driven by improved gross profit margins and cost savings from completed projects. Eco World is expanding with ongoing launches of serviced apartments and mixed-use developments, including a recent acquisition of land near its matured Eco Sanctuary township in Klang Valley for new projects. The company has emphasized sustainable community development and eco-friendly housing in its strategic vision.
Eco World Development Group Berhad maintains a diversified revenue stream mainly from sale of completed properties, properties under development, and construction contracts, supported by its strategic landbank holdings and joint ventures. It remains focused on delivering integrated developments combining residential, commercial, and industrial components, targeting premium and mass-market segments in Malaysia while progressively enhancing operational efficiency and financial performance through strategic partnerships and project milestones achieved in recent years. The company is publicly listed on the Malaysian stock exchange (Ticker: 8206.KL) and positions itself as a leading integrated property developer in Malaysia with plans for long-term sustainable growth.