Serviced apartments considered for Malaysian mega-development

George Sell George Sell Uploaded 18 August 2019

LinkedIn

Malaysia: Eco World Development Group is considering a serviced apartment project at its Eco Grandeur project in Puncak Alam, Selangor.

According to Eco World’s Eco Central Divisional General Manager Ho Kwee Hong, the company is looking at the serviced apartment concept to provide short-stay accommodation for tourists or long-term rental for students or staff of Universiti Teknologi Mara (UiTM) in Puncak Alam.

“We are now working with the state government on this idea. It is still in the planning stages. We expect to unveil the project in 2020,” he said.

Eco Grandeur is a 1,400-acre development first launched in 2016, with the early phases of its residential components to be handed over to buyers in September this year.

Ho said: “This place is located near tourism hot spots like Kuala Selangor with attractions like the Sky Mirror. Tourism destinations here have limited accommodation, so places to stay are always full during peak seasons,” Ho said. She believes that Eco Grandeur has the potential to fulfil the accommodation demand and even become a tourism spot itself. We have started to design the project and have submitted the plans to the authorities for approval. However, it is now too early to disclose further details,” she said, adding that EcoWorld is looking at selling the project to investors. The project will be designed in such a way that we can sell it as a whole, or separately to investors.”

 

LinkedIn

Be in the know.

Subscribe to our newsletter »
Subscribe

Thank you sponsors