The Tamarind Tower B 60% taken up
Tower B of 
The Tamarind executive apartments by Eastern & Oriental Bhd (E&O) has received an encouraging response from buyers with 60% of the units having been taken up within two weeks of its launch in early December.
E&O marketing and sales general manager (Penang), Christina Lau, said The Tamarind has attracted a large number of Penangites as well as a sizeable number of buyers from the northern states. It has also attracted Malaysians from other parts of the country and foreigner buyers.
“Judging from the promising response, we expect to close more deals in the next few weeks,” Lau said in a press statement.
The Tamarind Tower B houses 552 condominium units of between 1,047 sq ft and 1,772 sq ft in built-up area. The average selling price is RM765 psf, and prices start at RM757,000 for a unit.
“The Tamarind attracts a good mix of owner-occupiers and investors, with strong interest registered among young executives and families,” Lau said.
This 6.9-acre freehold high-rise development has an estimated gross development value of RM900 million. It comprises two blocks of 33-storey buildings with a total of 1,104 units of a 3-bedroom design. The smallest unit has a built-up area of 1,047 sq ft. The Tamarind Tower B is expected to be completed in 2019.
The Tamarind Tower A, which was launched in June 2015, is 95% sold. The average selling price for Tower A is RM725 psf.
The Tamarind’s facilities include a private, one-acre waterscaped beach, free-form swimming and wading pools, jogging track, gym and yoga centre, multipurpose hall and playground.
It is located close to the Straits Quay retail marina, Tesco hypermarket, Straits Quay Convention Centre, Straits Green Public Park, Penang Performing Arts Centre and a 1.6km seafront promenade.
Commenting on market conditions, Lau noted the long-term nature of property investment and that soft market conditions may present an opportune time to buy properties.
“We believe that demand remains in niche locations and for projects by developers offering strong concept, branding and delivery,” she said.
Source: TheEdgeProperty.com.my
E&O should spend more marketing dollar to promote Tamarind… the sales is not encouraging… It should be sold out by now!!!
The Tower B is more than that sold already. Should be around 70%. I think it was 60% by the time the author of the article was informed. You must know the edge property is not a daily. Tower B units sold are all with S&P signed, not like Tower A anyone also can book no matter capable to sign S&P or not and cancel later. Now they have penalty for booking cancellation you cannot compare Tower A and Tower B
Both Tower A n B investor and speculator were seems childish as if they are more worry and excited than EnO about the sales of Tamarind.
Are you both first timer on purchase property?
@Ranee
Hi Ranee, your grammar is horrible.
@Liz
I can understand Ranee, in spite of the imperfect sentences. If you have something to share about Tamarind (regardless good or bad), you will be most welcomed. But this is not a “language” blog, so you might want to keep those personal attacks to yourself.
Immediately you know they are Malaysians judging from their grammar…..horrendous!! Hope my neighbours will also be Singaporeans
Ranee, If you cannot write properly then just do not write at all. At least that way no one will know.
lol this web for comment not for learn english, if ur both wanna learn or teach english, pls go school, dont perli ppl here.
@router
Most of Singaporeans speak Singlish, their English more worse than Malaysian.
@router
So far, only 3% of the units are sold to foreigners without MM2H status, so it is very unlikely that your neighbour will be a Sporean.
The Tamarind Tower A was purposely launched during the 3rd day of CNY due to the reason that most people are back in Penang from near or far abroad. This is the main reason that the take up rate was so fast.
As for Tower B, E&O launched it during the year end holiday season where many people are actually travelling abroad for their year end holidays. However, we can clearly see that it has the best and take up rate compared to other project in Penang
Many developers are still stuck with around 30%-50% sales even after more than a year from their official launching.
Look at other projects
Mont Residence still have many units to sell even after a year from launching.
City of Dreams only sold about 40%-50% up to date as they claimed but they had already started collecting bookings in 2013.
Hunza Alila 2 which was launched about the same time as Tower B but the take up rate is about 20%-30% only
So from my point of view The Tamarind is still the best selling property in Penang.
Not to forget the last and final LRT/Monorail station is located at Tanjung Tokong walking distance to The Tamarind as announced on 18 December 2015 which you can also read it here on Penang Property Talk.