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Latest landmark: An artist’s impression of The Meg. To kick off Andaman, E&O will be launching The Meg, a high-rise residential development featuring two blocks of serviced apartments.

Eastern & Oriental Bhd (E&O), which has not had any significant property launches in a while, is kicking off the year with a much-hyped development that could help turn the company around.

The property developer, best known for its Seri Tanjung Pinang (STP) masterplan development in Penang, hopes to replicate the success of that venture with an integrated township project called Andaman.

A 760-acre reclaimed island, Andaman is located just across the waterway from STP, which is known for its state of the art waterfront development.

E&O executive chairman Datuk Tee Eng Ho says the first phase of Andaman will consist of 253 acres and will take around 15 years to develop.

“We anticipate the entire development will take about 30 years to be fully completed,” he tells StarBizWeek.

“We have started developing the roads and advanced works on infrastructure, landscape and greening of the island have already commenced,” he adds.

To kick off Andaman, E&O will be launching “The Meg,” a high-rise residential development featuring two blocks of serviced apartments.Eastern & Oriental Bhd executive chairman Datuk Tee Eng Ho.

Tower A and tower B will have 27 stories and 34 stories, respectively.


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Built on freehold commercial land, the development will comprise 1,020 residential units with innovative layouts that are targeted towards young executives and new families.

The fully-furnished units start from RM500,000.

Tee says the serviced apartments will also consist of retail offerings on the lower floors that will complement the lifestyle of the people living there.

“We started to create some awareness of our project in December but we only started offering the units from early this month.”

Tee says interest has been picking up fast.

“The Meg is targeted towards millennials. However, while marketing the units, we were surprised that not only was it attracting young, first-time homebuyers, but it was also receiving plenty of interest from more mature customers.”

Tee emphasises that E&O has yet to officially launch The Meg.

“We’ve only started to collect bookings and have not officially launched yet. We are still conducting pre-launch activities at the moment. But so far, it has been very well received.

“For now, we have only opened up Tower B for people to register their interests and collect bookings. Tower A will be launched in time to come.”