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The Lume: Quiet luxury living on Andaman Island, Penang

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Andaman Island is rapidly emerging as a prestigious and innovative development, setting new standards for sustainable living in Malaysia. This 253-acre project by Eastern & Oriental Berhad (E&O) comprises three districts: Shoreline, Gurney Green, and Canalside, each designed around the pillars of sustainability, connectivity, and quality of life.

Andaman Island Masterplan

Andaman Island: A Model of Sustainable Urbanism

Located just off Gurney Drive, Andaman Island is easily accessible via two bridges that connect it to Penang Island. Its strategic location near major economic zones offers residents the convenience of a 15-minute commute to essential amenities, including shopping centres, medical facilities, and international schools. This island fully embraces the concept of a “15-minute city,” where all daily necessities are within walking distance. Pedestrian-friendly pathways, ample green spaces, and eco-friendly infrastructure make Andaman Island a model for sustainable urbanism.

Each of its three districts provides a unique living experience: Shoreline, home to The Lume, is designed for eco-conscious, sustainable living; Gurney Green will serve as a future business hub; and Canalside promises scenic, waterside living. This variety of lifestyle options makes Andaman Island a highly desirable destination for those seeking both luxury homes and a forward-thinking community.

Introducing The Lume: A new standard in luxury

The Lume is a pioneering residential condominium within Shoreline. After the success of their Quayside Condominium in Seri Tanjung Pinang, E&O continues to raise the bar for luxury living with The Lume. This exclusive development offers only 261 residences, ensuring that residents enjoy a sense of privacy and tranquillity amidst the vibrant Andaman community. With only six units per floor, The Lume offers an unparalleled level of exclusivity.

Designed with spacious layouts, The Lume caters to families and individuals seeking generous living spaces. The three- and four-bedroom units, each offering panoramic views of the ocean, hills, and city skyline, are perfect for multi-generational living. Each unit is thoughtfully planned with privacy fins that ensure seclusion from neighbours, providing a peaceful and soothing living environment.

In addition to the spacious interiors, each unit comes with three or four dedicated car parks, a rarity in modern developments, ensuring that residents have hassle-free parking. The master bedroom is designed as an oasis of privacy, separated from the other living spaces, making it an ideal retreat for families who value personal space within a shared environment.

Luxury meets sustainability

What truly sets The Lume apart from other developments is its commitment to sustainability without compromising on luxury. As part of Andaman Island, The Lume has been awarded the GreenRE Platinum Provisional Certification, a testament to its eco-friendly design and green living features. The resort-style living experience is enhanced by lush landscaped gardens and green spaces that are perfect for relaxation or recreation.

The Lume’s appeal is enhanced by its proximity to Andaman’s future business district, Gurney Green, and its closeness to Gurney Drive and Tanjung Tokong, where major shopping malls, international schools, and hospitals are located. Residents can enjoy the convenience of urban living while still being surrounded by nature. This combination of connectivity and tranquillity makes The Lume an attractive option for those looking for a modern lifestyle within a sustainable community.

The fast-selling gem in Penang

The Lume officially launched for sale at the end of July 2024, and the response has been overwhelmingly positive. By the end of September, the development had already achieved a 40% sales uptake. This strong demand reflects the growing interest in sustainable luxury living, particularly among local buyers.

The majority of purchasers are Malaysian, reflecting the strong local demand for high-end residential properties. However, The Lume also appeals to international buyers, with a small but significant portion of units being purchased by buyers from Singapore, Hong Kong, Taiwan, and other countries. This diverse buyer base underscores the global appeal of Penang as a desirable location for both living and investment.

Why The Lume?

The Lume offers a compelling mix of features that make it an ideal home. First and foremost, the development’s spacious layouts are perfect for those looking to upgrade to larger living spaces or downsize from landed properties without sacrificing comfort. The thoughtful design of the units, including privacy features and scenic views, adds to the allure of the property.

The convenience of The Lume’s location, near international schools, shopping malls, and healthcare facilities, ensures that residents have everything they need within easy reach. Moreover, the commitment to sustainable living, from eco-friendly building materials to green communal spaces, appeals to those who prioritize environmental consciousness.

Buyers can have full confidence in E&O’s longstanding reputation for delivering high-quality developments. Known for their attention to detail, innovation, and commitment to excellence, E&O has consistently set the benchmark in luxury residential projects, as seen in their successful developments at Seri Tanjung Pinang in Penang. The Lume continues this legacy, offering not only superior craftsmanship but also a thoughtfully designed living experience that prioritizes both comfort and sustainability. With E&O at the helm, buyers can trust that The Lume represents a sound investment that promises lasting value and an elevated lifestyle.

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SITE PROGRESS: Alton Skyvillas (Nov 2024)

Property News/ 21 November 2024 No comments

alton-skyvillas-site-progress-nov2024

About Alton Skyvillas

Alton Skyvillas is a 29-storey condominium by Dutamas Permai Sdn. Bhd. (Airmas Group), is strategically located on a 1.3-acre site along Jalan Jelutong, adjacent to the newly completed Artis 3 condominium. Just 10 minutes from Penang Bridge and 4km from KOMTAR, it is surrounded by prominent communities like The H2O Condominium, Straits Garden Suite, Grace Residence, and Urban Suites. The development offers 161 residential units ranging from 1,132 sq.ft. to 2,672 sq.ft., with a 7-level car parking podium.

Find out more about Alton Skyvillas

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E&O Group unveils Andaman Island masterplan

Property News/ 20 November 2024 No comments /中文版

Andaman Island (Masterplan)

Eastern & Oriental Berhad (E&O), Malaysia’s premier lifestyle property developer, yesterday announced its masterplan for Andaman Island, an ambitious, first-of-its-kind development in Malaysia. With an estimated Gross Development Value (GDV) of RM 60 billion, this masterplan reflects over 30 years of vision to create a vibrant, eco-conscious island township that harmonises Penang’s heritage with future-ready urban design.

Designed to address evolving market demands, Andaman Island aligns closely with Penang’s sustainability and economic growth objectives. As Penang solidifies its position as a key secondary city in Malaysia, demand for premium residential spaces and sustainable communities is accelerating.

Andaman Island Masterplan

According to a recent National Property Information Centre (NAPIC) report “Property Market Q1 2024 Snapshots”, in the first quarter of 2024 alone, Penang recorded a 33.4% increase in commercial property transactions and a 14.3% rise in industrial property activity, driven by the state’s economic expansion in high-value sectors such as semiconductors and technology.

High-end property prices in Penang have also seen a significant increase, rising by 7% to 10% in 2024 from the previous year, reflecting steady demand among both local and international buyers.

Kok Tuck Cheong, Managing Director of E&O Group, said, “E&O’s Andaman Island is strategically positioned to meet this demand, offering premium living spaces within a holistic urban environment that balances accessibility, sustainability, and quality of life.

“It also serves as a cornerstone of E&O’s long-term growth strategy, representing the Group’s commitment to international standards of eco-conscious developments”, he said.

The Andaman Island masterplan, is a blueprint for sustainable, community-driven living, advancing beyond traditional development models to reimagine island living.

Envisioned as an innovative 760-acre community guided by the principles of a “15-minute city”, the concept ensures that residents have convenient access to shopping, dining, wellness, and recreational spaces within a short walk or bike ride, promoting a lifestyle emphasising balance, connectivity, and convenience.

Mr. Kok Tuck CheongKok added that Andaman Island also aims to elevate Penang’s role as an economic hub by creating new employment opportunities, attracting investment, and contributing to local tourism, directly supporting the Penang2030 vision of a balanced, inclusive, and sustainable economy.

Central to the Andaman Island masterplan are three distinctive districts: Shoreline, Gurney Green, and Canalside, each offering unique lifestyle experiences. Shoreline combines tranquil, nature-integrated living; Gurney Green serves as a lively commercial hub; and Canalside integrates community-oriented amenities with scenic waterfront access. Interconnected throughout, these districts offer residents a seamless, well-rounded living experience.

Kok added, “E&O has always aimed to create developments that elevate life at every address, and Andaman Island is a true embodiment of this vision. We see it as both a tribute to Penang’s unique heritage and a forward-looking model of sustainable, sophisticated living”.

Andaman Island serves as a cornerstone of E&O’s long-term growth strategy, representing the Group’s commitment to eco-conscious developments that appeal to both local and
international markets.

E&O also stated that all future projects on Andaman Island will aspire to meet GreenRE Gold or Platinum standards, with the masterplan itself and all recent projects already achieving GreenRE Platinum certification through eco-conscious practices like rainwater harvesting, renewable energy sources, and extensive green spaces.

Response to Andaman Island has been robust, with its high-rise developments, The Meg and Arica, and its landed offerings, Phase 1 and 2 of Fera and Senna fully sold out. In total, E&O have launched projects totalling a GDV of RM 1.359 billion.

Most recently, The Lume, a premium condominium development, reached over 42% in sales after its launch in August this year, reflecting strong demand for the island’s sustainable, lifestyle-oriented environment.

With prices starting from RM 2.2 million, Kok attributed demand to The Lume as its appeal as a luxury residence that combines panoramic views of Andaman Island through its Pavilion-In-The-Sky concept, premium finishes, and eco-conscious design, catering to buyers who value both sophistication and a commitment to sustainability in an integrated community.

Kok said, “This ongoing success highlights Andaman Island’s appeal among buyers seeking a balanced, sustainable lifestyle.

“Andaman Island is more than just a property development; it is a legacy project that reflects E&O’s enduring vision,” he added.

It is expected that E&O will introduce two waterfront condominiums and new phase of luxury landed project in 2025.

“Our approach to community building and sustainability ensures that Andaman Island not only remains a thriving, relevant community but also serves as a benchmark for future responsible developments in Malaysia,” Kok said.

Fomca warns of fake rental agents preying on tenants

Property News/ 19 November 2024 No comments

rental-scam

The Federation of Malaysian Consumers Associations (Fomca) has sounded the alarm over the rise of fake house rental agents in Malaysia, who pose as legitimate professionals to scam unsuspecting tenants, especially foreign students.

According to Fomca secretary-general Dr. Saravanan Thambirajah, these scammers use fake business cards, online ads, and social media profiles to appear credible. They arrange property viewings and create a false sense of urgency, pressuring victims to pay deposits for non-existent rentals. Once the money is transferred, the scammers vanish.

Dr. Saravanan highlighted that foreign students are particularly vulnerable due to their unfamiliarity with local rental practices and limited access to reliable information.

To avoid falling victim, Dr. Saravanan advises tenants to verify agents’ credentials with the Companies Commission of Malaysia and avoid making payments to personal bank accounts. Renters should also insist on stamped tenancy agreements and official payment receipts.

He called on government authorities and educational institutions to educate the public and foreign students about these scams. Victims are urged to report cases to the police and contact the National Scam Response Centre via the hotline 997.

Fomca’s warning serves as a crucial reminder to exercise caution when dealing with rental transactions and to ensure proper verification to prevent financial losses.

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Steady progress on Air Itam bypass construction

Property News/ 19 November 2024 No comments

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Construction of the Air Itam bypass highway is progressing well, with several key milestones achieved. A recent site visit by YB Wong Hon Wai revealed that the piling work for the section between Lebuhraya Thean Teik and Farlim Market has been fully completed. Additionally, reinforced concrete piling for the monsoon drain cover slab in this section is now done, allowing contractors to move on to building the slab over the monsoon drain.

Currently, a stretch of Lebuhraya Thean Teik in front of Pizza Hut and KFC has been reduced to one lane in each direction to make space for heavy machinery. Traffic controllers are on-site to manage the flow of vehicles. Efforts are underway to complete the monsoon drain slab and related work before Chinese New Year 2025, with plans to restore two lanes in both directions by then.

Meanwhile, work near the Farlim Market continues, with the beam connecting two major sections expected to be launched this week. Several other beams in this area have already been installed, marking steady progress toward the completion of this stretch.

Once finished, the bypass is expected to greatly improve traffic flow in the Air Itam area, providing residents with a smoother and more efficient route.