PENANG (July 9): Premier lifestyle developer Eastern & Oriental Bhd (E&O) achieved a 70% take-up for the first tower in its Andaman at Quayside sea-facing condominium development in Penang.
Christine Lau, E&O Head of sales and marketing for Penang, said response to the first tower of Andaman has been highly encouraging.
"Since we launched in February, the take-up has passed the 70% mark and based on this response, we are ready to release the second tower," she said.
The Andaman at Quayside is located on 21 acres within E&O's master planned development of Seri Tanjung Pinang. The development commands a gross development value of RM1.2 billion and comprises three towers. The developers are planning to launch the second tower in August.
"We are confident that the appeal of the exceptional views offered by Andaman will continue to be a strong draw for the second tower," she added. "The Andaman has been designed to celebrate the best facets of island living in Penang with 75% of all suites aligned to provide clear views of the vast sea and famous Gurney Drive."
Lau added that while Penangites and locals formed the majority of buyers for the first tower, they also saw a number of foreign purchasers mainly from Singapore, Japan, Great Britain, Hong Kong, China and Indonesia.
"E&O properties meet international quality and design benchmarks and the positive response from discerning foreign buyers clearly attests to this," she said.
Lau cited the development's expansive 4.5 acre private waterpark for residents as another factor that attracted buyers to Andaman which offered them luxurious space in land-scarce Penang island.
She also higlighted that Andaman boasts nearly 60% of green lung and recreation area that includes another 6.9 acres of verdant parks.
"When people buy an E&O property, they acquire a complete lifestyle package. Supported by the comprehensive lifestyle prongs of our group, which include hospitality, food & beverage, retail, performing arts and marina operations, we are well-positioned to fulfill this promise," said Lau
She added, "Andaman and Seri Tanjung Pinang residents for instance get to enjoy the best of living by-the-sea brought to life by the Straits Quay retail enclave and marina in the hearts of the development."
There are eight appointed layouts ranging from penthouse suites to 3-bedroom suites and 1-bedroom units. Units range from 1,128 sq ft to 4,755 sq ft.
According to Lau, the pricing schedule for the second tower of Andaman, which is being drawn up, will be fairly competitive and commensurate with the development's total product offering and Seri Tanjung Pinang's position as one of the most sought-after residential enclaves in Penang island.
E&O is listed on the main board of Bursa Malaysia. The company is involved in three core business activities, namely hospitality and lifestyle, property development and property investment.
E&O's reputation as a premier property developer is built across a series of exclusive addresses in Kuala Lumpur and Penang. Its track record includes projects such as Sri Se-Ekar and 202 Desa Cahaya in Ampang Hilir. The company's more recent development is Dua Residency, located within the vicinity of the Kuala Lumpur City Centre. - The Edge Property
Christine Lau, E&O Head of sales and marketing for Penang, said response to the first tower of Andaman has been highly encouraging.
"Since we launched in February, the take-up has passed the 70% mark and based on this response, we are ready to release the second tower," she said.
The Andaman at Quayside is located on 21 acres within E&O's master planned development of Seri Tanjung Pinang. The development commands a gross development value of RM1.2 billion and comprises three towers. The developers are planning to launch the second tower in August.
"We are confident that the appeal of the exceptional views offered by Andaman will continue to be a strong draw for the second tower," she added. "The Andaman has been designed to celebrate the best facets of island living in Penang with 75% of all suites aligned to provide clear views of the vast sea and famous Gurney Drive."
Lau added that while Penangites and locals formed the majority of buyers for the first tower, they also saw a number of foreign purchasers mainly from Singapore, Japan, Great Britain, Hong Kong, China and Indonesia.
"E&O properties meet international quality and design benchmarks and the positive response from discerning foreign buyers clearly attests to this," she said.
Lau cited the development's expansive 4.5 acre private waterpark for residents as another factor that attracted buyers to Andaman which offered them luxurious space in land-scarce Penang island.
She also higlighted that Andaman boasts nearly 60% of green lung and recreation area that includes another 6.9 acres of verdant parks.
"When people buy an E&O property, they acquire a complete lifestyle package. Supported by the comprehensive lifestyle prongs of our group, which include hospitality, food & beverage, retail, performing arts and marina operations, we are well-positioned to fulfill this promise," said Lau
She added, "Andaman and Seri Tanjung Pinang residents for instance get to enjoy the best of living by-the-sea brought to life by the Straits Quay retail enclave and marina in the hearts of the development."
There are eight appointed layouts ranging from penthouse suites to 3-bedroom suites and 1-bedroom units. Units range from 1,128 sq ft to 4,755 sq ft.
According to Lau, the pricing schedule for the second tower of Andaman, which is being drawn up, will be fairly competitive and commensurate with the development's total product offering and Seri Tanjung Pinang's position as one of the most sought-after residential enclaves in Penang island.
E&O is listed on the main board of Bursa Malaysia. The company is involved in three core business activities, namely hospitality and lifestyle, property development and property investment.
E&O's reputation as a premier property developer is built across a series of exclusive addresses in Kuala Lumpur and Penang. Its track record includes projects such as Sri Se-Ekar and 202 Desa Cahaya in Ampang Hilir. The company's more recent development is Dua Residency, located within the vicinity of the Kuala Lumpur City Centre. - The Edge Property
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