E&O to launch Quayside Seafront Condo in 1Q2010

Eastern & Oriental Bhd (E&O) is set to launch the first block of its Quayside Seafront Resorts Condominium within its Seri Tanjung Pinang development in Penang in 1Q2010. The project, with a gross development value of RM1.8 billion, comprises seven blocks next to Straits Quay, an international marina and retail landmark on the island.

The first block, comprising 298 units, is expected to be ready in January 2013. According to the developer, the water-themed tropical resort will be the first-of-its kind in the region. It features a 4.5-acre signature water park and clubhouse at the centre core of the 20.8-acre freehold tract. It also includes a 6.9-acre tropical garden, as well as one tennis court and one multi-purpose court, among other features. Five of the blocks are high-rise, while two are low-rise. The whole development has a total of 1,208 units.

Units are available in several designs, with built-ups from 1,150 sq ft to 2,680 sq ft and penthouses sized at 7,159 sq ft. Prices are from RM765,000.

E&O launched St Mary Residences in Kuala Lumpur last year, and among its significant completed projects include Dua Residency, Seventy Damansara and Idamansara in Kuala Lumpur. The developer also owns Eastern & Oriental Hotel in Farquhar Street and the Lone Pine Hotel in Batu Feringghi in Penang. - By Rosalynn Poh (The Edge Property)