Malaysian developer Eastern & Oriental Berhad (E&O) has set the launch of the Andaman at Quayside (pictured) in Penang for this Saturday, 18 February 2012.
The luxury condo project sits on a prime 21-acre plot in the developer’s Seri Tanjung Pinang development. 75 percent of all Andaman’s units will offer panoramic views of the sea and Gurney Drive.
The development features nearly 60 percent of green spaces and recreation areas, which includes 6.9 acres of verdant parks and a 4.5 acre waterpark.
“Andaman sits within Penang Island’s largest seafront development and most sought-after residential address. It is a stone’s throw from clusters of bungalows and villas, as well as the Straits Quay seafront retail precinct, marina and multi-level entertainment complex,” said Eric Chan, Deputy Managing Director at E&O.
A 1,128 sq ft one-bedroom studio suite is priced at RM1.416 million (S$586,115). Other units include 1+1-room (1,188 sq ft) units, as well as two-bedders (2,047 sq ft) and three-bedroom (2,776 sq ft) suites. Penthouse sizes go up to 4,755 sq ft.
Andaman’s prime location and value proposition will likely draw both locals and foreigners, said Chan. In particular, foreign buyers are expected to take advantage of the favourable price amid the healthy exchange rate.
“We are encouraged by the thriving response to our earlier launches and with Andaman, we are confident that a project of this calibre is a blue-chip investment in good as well as volatile times,” Chan added.
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