DESPITE the sluggish property market, a number of locally owned property developers have expanded their projects overseas.
The COVID-19 pandemic which has caused a stir to the whole world did not stop Eco World International Bhd from successfully delivering its eagerly anticipated A$250 mil (RM792.5 mil) Yarra One development in Melbourne.
Aside from Australia, the property developer which was listed on Bursa Malaysia back in 2017, has also taken on big residential projects in the UK.
Melbourne – the capital and most-populous city of the Australian state of Victoria – was crowned as the world’s most liveable city for the six years (2011-2017) running, according to the Economist’s Global Liveability Survey.
This is given the city’s hard work in preserving and providing its residents with excellent quality of life, world class educational institutions and good employment opportunities among others. In addition, the Melbourne market is a preferred investment destination for many Malaysians.
Standing proudly above South Yarra, the green, 26-storey tower encompasses 247 one, two and three-bedroom luxury apartments as well as three penthouses and a wide range of innovative amenities throughout.
Having marked the building’s completion in mid-December – with settlement currently underway – Eco World International Australia CEO Yap Foo Leong described the feat as “an exciting time for the company with a wondrous end to a challenging time for many”.
“Yarra One is a great success story for Eco World International,” he enthused.
“Being our maiden project in Melbourne, we are thrilled with the result particularly given several headwinds along the way; stamp duty changes and COVID-lockdown delays namely.”
Designed by world-renowned architecture firm, Fender Katsalidis – and brought to life by the distinguished team at Hickory – the tower offers an almost intangible and classic quality.
With building amenities, a clincher for many, Yarra One surpasses expectations. Beyond this, there are also premium facilities available including a wellness precinct, equipped with a gymnasium, outdoor spa, dance studio and yoga room.
Meanwhile, with a long history of championing sustainable and future-proofed projects in both Malaysia and the UK, Australia is no different, with Eco World International combining convenience and sustainability with its Yarra One car share offering.
Establishing a green car-sharing service, the developer announced in 2018 that residents of the four-star green building would have access to a brand-new electric Tesla as part of a Victorian first sustainable car-sharing model in a multi-residential setting.
“Yarra One already boasts a phenomenal walk score of 92 with the car-share adding another layer of sustainability and future-proofing,” noted Yap.
“Purchasers also had the option to include a charging point within their designated car space to ensure they or future residents are fully equipped to welcome an electric car now or in the future.”
This is the second project for Eco World International in Australia as the developer recently completed its first project Down Under with West Village in Parramatta (New South Wales) welcoming residents in 2020. – Feb 26, 2021
