Malaysia-listed premier lifestyle property developer Eastern & Oriental Berhad (E&O) today announced the official launch of Andaman at Quayside, luxurious Andaman Sea-facing condominiums touted to be the finest in Penang Island.
Andaman at Quayside is sited on 21 acres of the final, most-prime plot on E&O’s acclaimed world-class masterplanned development, Seri Tanjung Pinang, with 75% of all suites meticulously aligned to provide unobstructed views of the sea and the famous Gurney Drive.
Featuring a 4.5-acre signature waterpark and clubhouse surrounded by an additional 6.9 acres of tropical gardens along with a world-class retail enclave, Andaman at Quayside offers lifestyle and entertainment experiences by-the-sea.
Mr. Eric Chan, Deputy Managing Director of E&O, said, “We conceptualised Andaman at Quayside to celebrate the best facets of island living in Penang. Imagine being greeted by the spectacular views of the sea each morning as you awake, hearing the sounds of the waves rushing to shore – these are gifts of nature you can enjoy from the luxurious comfort of your own Andaman home. In addition, the Andaman at Quayside 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 a seafront retail precinct, marina and multi-level entertainment complex.”
The property is set to draw investor demand beyond Malaysia; attracting those looking to invest in a luxurious seafront property with attractive pricing and rental yields.
Units range from a spacious 1,128 square feet (sq ft) for a 1-bedroom sea-facing studio to the expansive 4,755 sq ft penthouses. There are also 1+1, 2 and 3-bedroom suites at 1,188 sq ft, 2,047 sq ft, and 2,776 sq ft respectively. Savvy overseas buyers and investors will find the pricing of Andaman to be extremely attractive, especially with the current favourable exchange rate, enabling them to enjoy unattainable value for a similar-sized condominium in any neighbouring seafront development.
Apart from competitive pricing, the project’s interest-absorption scheme offers another incentive for investors seeking to get a slice of vibrant Penang’s property pie with just a 10% initial down payment, while the availability of up to 90% financing (subject to eligibility) makes it even more attractive.
“A project of this calibre represents a blue-chip investment in good as well as volatile times. Affordability, investor-friendly policies, and the opportunity to own a freehold property are also what make it a viable investment,” said Chan.
Designed by GDP Architects, one of Malaysia’s foremost and multiple-award winning architectural firms, the Andaman Series boasts eight meticulously planned layouts, offering a range of living choices to match each and everyone’s personal preference. From expansive penthouse suites with tension-edged lap pools draped over the horizon to spacious 3-bedroom suites for larger families and chic 1-bedroom units designed for the modern jet setter, each one offers the perfect setting from which to claim one’s private piece of the Andaman Sea.