Malaysia’s property landscape is set for a transformative leap with Eastern & Oriental Berhad (E&O) unveiling its groundbreaking Andaman Island project, a visionary development blending luxury living with environmental stewardship. Spanning 760 acres off the coast of Penang, this RM60 billion initiative redefines urban planning through its “15-minute city” concept, where residents enjoy seamless access to amenities while minimizing ecological impact. The project arrives as Penang experiences surging demand for high-end properties, with commercial transactions jumping 33.4% and industrial activity rising 14.3% in early 2024, according to official market data.
At the heart of Andaman Island’s appeal lies its innovative district design, featuring three distinct neighborhoods catering to diverse lifestyles. The Shoreline district offers serene, nature-infused residences, while Gurney Green pulsates as a dynamic commercial center, and Canalside merges waterfront charm with community-focused facilities. E&O Managing Director Kok Tuck Cheong emphasizes this holistic approach: “We’re not just building homes but crafting ecosystems where sustainability and sophistication coexist.” The development’s early success speaks volumes, with projects like The Meg condominiums and Fera landed properties completely sold out, while the newly launched Lume residences have already secured 42% occupancy.
Sustainability forms the cornerstone of Andaman Island’s blueprint, with all developments targeting GreenRE Platinum certification – Malaysia’s highest environmental standard for buildings. Rainwater harvesting systems, renewable energy integration, and expansive green corridors demonstrate E&O’s commitment to reducing the project’s ecological footprint. “This isn’t merely about compliance,” Kok explains, “but about setting new benchmarks for responsible development that future projects can emulate.” The initiative aligns perfectly with Penang’s 2030 vision for balanced economic growth, promising to generate employment while preserving the island’s cultural heritage and natural beauty.
Looking ahead, E&O plans to expand Andaman Island’s offerings with waterfront condominiums and luxury landed properties in 2025, responding to sustained market enthusiasm. With prices starting from RM2.2 million, these residences cater to discerning buyers seeking panoramic views and eco-conscious design. Kok reflects on the project’s broader significance: “Andaman Island represents our legacy – a testament to how urban development can enhance lives while honoring the environment.” As Penang cements its status as Malaysia’s secondary economic hub, this pioneering development positions the region as a model for sustainable, high-value growth in Southeast Asia’s competitive property market.