Eco World Development Group Berhad (EcoWorld Malaysia) is well-known for its township development in the suburbs of Klang Valley. It owns a 27% stake in Eco World International Berhad (EcoWorld International) that is also a listed company in Malaysia. As a relatively young company that is operated by an experienced team, it managed to hand over 4,700 residential homes, commercial units, and industrial factories to customers in 2018, bringing its total completed units close to 10,000.

Along with other property players, EcoWorld Malaysia faced headwinds since incorporating in 2013. They were hit with a number of property cooling measures including rising real property gains tax (RPGT), the abolishment of developer interest bearing scheme (DIBS), as well as an increase in floor prices of properties foreigners are allowed to buy in Malaysia. In the recent Budget 2019, stricter RPGT and stamp duties were announced.

In spite of the challenges, EcoWorld’s