Eco World Development Group Bhd (EcoWorld Malaysia) has partnered with Johor Corp’s JLand Group through its subsidiary, JLG Investment Holdings Sdn Bhd (JLGIH), to jointly develop three major projects in Malaysia and Australia with a combined estimated gross development value (GDV) of nearly RM2.5 billion.
Eco World Development Group Bhd president and CEO Datuk Chang Khim Wah.
The partnership is structured through three separate subscription and shareholders’ agreements (SSAs), covering what the companies describe as “three distinct but complementary developments.”
Macquarie Development, Sydney EcoWorld’s first direct residential project in Australia, Macquarie Development, will feature a 16-storey tower with 123 units on a 2,751 sq m site. The project, with an estimated GDV of AU$153 million, is slated for launch in the fourth quarter of 2026 (4Q26) and will be held under Versione NODE Sdn Bhd, a 50:50 joint venture between EcoWorld’s wholly-owned subsidiary Ascension Synergy Sdn Bhd (ASSB) and JLG Land Macquarie Park Sdn Bhd.
Versione NODE recently acquired the land for RM89.66 million from EWI Capital Bhd, in which EcoWorld holds a 30% stake.
Larkin Development, Johor Bahru The second project, Larkin Development, will be managed under Versione WKND Sdn Bhd, a 50:50 joint venture between ASSB and JLG Land Bhd. Located on 34,156.5 sq m (8.44 acres) of freehold land, it will feature a mixed-use development with serviced apartments, retail spaces, and a hotel. The project carries an estimated GDV of RM1.02 billion and is expected to launch in 4Q26.
IBTEC Industrial Development, Kulai, Johor The third project is an industrial development in Kulai, Johor, managed by Eco Business Park 9 Sdn Bhd, a 50:50 joint venture between ASSB and JLG Technopark Sdn Bhd. Spanning 316.15 acres of leasehold land within IBTEC South, infrastructure works are set to begin in 2Q26, with a full launch expected in 1Q28. The project carries an estimated GDV of RM1.01 billion and is intended to support industrial growth in Iskandar Malaysia.
In a joint statement, EcoWorld Malaysia and JLand Group said the partnership aims to combine their complementary strengths, capabilities, and resources to deliver developments tailored to the needs of each market.
Funding for the projects will be managed by the jointly-owned entities — Versione NODE, Versione WKND, and Eco Business Park 9. As a 50% shareholder, EcoWorld Malaysia will provide its share of the financing for acquisitions and development costs.
Datuk Chang Khim Wah, president and CEO of EcoWorld Malaysia, said the partnership creates a platform for long-term, diversified growth beyond individual projects.
“Together, these three developments represent a strategic partnership built on collaboration, scale, and long-term value creation,” he said.
EcoWorld Malaysia holds a landbank of 11,956 acres across the Klang Valley, Iskandar Malaysia, Penang, and Negeri Sembilan, with a total estimated GDV of RM98 billion.
