KUALA LUMPUR: Eco World Development Group Bhd is optimistic of achieving its sales target of RM1bil for its Iskandar Malaysia project by year-end.

As at Aug 31, Eco World has chalked up RM964mil in sales, said president and chief executive officer Datuk Chang Khim Wah.

Chang said the achievement was backed by the development area which was sited mostly in matured and growing population catchment area.

“In Iskandar Malaysia, we are selling a lot of landed properties such as terraced and semi-detached houses as well as industrial lots,” he told reporters after the CEO Chatroom Series: Eco World session here yesterday.

He said all of the company’s projects in Iskandar Malaysia were located next to the highways, therefore the catchment in the area was good.

“We are quite confident of achieving of our sales target, given the overwhelming response to our projects in Iskandar Malaysia,” Chang said.

On Eco World International Bhd’s initial public offering, Chang said the group would be submitting an application to the authorities soon.

“We are looking at sometime next year,” he said. — Bernama