Property developer Eco World International has topped out on its West Village tower in Parramatta, the Malaysian developer’s first Australian project.
EcoWorld Australia’s chief executive Yap Foo Leong said West Village has to date secured 95 per cent in sales of its 398 apartments.
“We have always held the view that Parramatta would be the next growth area for Sydney due to its central geographical location in New South Wales, its infrastructure and amenities,” he said.
The group’s entry into Australia was in 2015 with the Parramatta project.
Major shareholders in EcoWorld International are Eco World Development Group Berhad and Singapore listed developer GuocoLand.
Foo Leong says its core business includes property development outside Malaysia, with three Australian based projects and 11 in the United Kingdom.
The group’s London developments include Embassy Gardens, comprising a sky pool stretching between two buildings.
The developer secured a Macquarie Park site for $40 million in 2017, with plans to develop a $139 million mixed-use project at 1-3 Lachlan Avenue.
It also has Yarra One in Melbourne, which is currently under construction and scheduled to top out in February next year.