E&O Group yesterday announced the launch of The Lume, its latest luxury development on Andaman Island, Penang. This new project, situated in the prestigious Shoreline district, sets a new benchmark for eco-conscious living, offering 261 exclusive residences designed to harmonise sophisticated architecture with the natural beauty of the island.

“The Lume embodies the art of sophisticated living, with each exclusive residence crafted to ensure privacy whilst fostering a sense of community. This makes The Lume an ideal choice for those seeking a balanced work-life-play environment,” said Kok Tuck Cheong, Managing Director at E&O.

A unique feature of The Lume’s is its pavilion-in-the-sky design where living and dining spaces that seamlessly extend outward, offering residents breathtaking 180-degree views of the island and filling the interiors with natural light and optimal airflow.

Private spaces are thoughtfully positioned, with bedrooms within the main structure arrayed in a linear configuration, with strategically placed fins to maximise outward views while ensuring privacy.

The Lume caters to a diverse market of empty nesters, young families, and professionals seeking a second home. Each floor features just six apartments, with prices starting at RM 2.2 million and sizes ranging from 1,722 sq ft to 2,874 sq ft.

Kok added that The Lume is committed to integrating nature into everyday living, featuring lush tropical gardens and terraced landscaping framed against sweeping sea views.

The Lume offers amenities such as landscaped pools, lounges, and BBQ spaces, fostering opportunities for social interaction. With dedicated areas for children, including playgrounds and a wading pool, the development caters to families while also accommodating pet-friendly spaces for furry companions.

The Lume also has dedicated co-working spaces, meeting rooms, and function areas that facilitate the integration of professional and personal life. By aligning with the growing work-from-home trend, residents can now enjoy access to modern conveniences without sacrificing their well-being.

“The landscape architecture of The Lume is meticulously conceived to offer a profound experience of tranquil serenity,” explained Kok.

Andaman Island, awarded GreenRE Platinum certification, is a pioneering development in Malaysia, designed on four pillars—connectivity, sustainability, community, and quality of life. The first phase of this project comprises 253-acres, and is divided into three distinct segments: Shoreline, Gurney Green, and Canalside. Each district will offer a distinct place experience, guided by a masterplan that embraces the urbanism concept of a 15-minute city, supporting pedestrian-friendly neighbourhoods with easy access to essential amenities and green spaces.

The Shoreline district encapsulates eco-conscious and sustainable living with The Lume conferred GreenRE Platinum certification to reflect how the development integrates environmentally responsible practices to minimise its carbon footprint while providing ample communal spaces for socialising and wellness activities.

Benefiting from the island’s strategic location near rising economic zones, residents of Andaman Island will also enjoy direct access to two bridges linked to Penang Island.

“This development establishes a new benchmark for future living spaces on Andaman Island, where innovation, well-being, and harmonious living are intertwined, reflecting our enduring commitment to meet and exceed the evolving aspirations of our residents”, he said.

Kok added that with the launch of The Lume, the E&O Group continues its legacy of crafting elegant homes that anticipate the future needs and lifestyle aspirations of the growing Andaman Island community. The Lume’s launch follows the highly successful launches of E&O’s The Meg and Arica on Andaman Island.

About Ventus & Tradesmen

A mixed commercial development by Jayamas Pintar Sdn. Bhd. at Batu Maung. It is strategically located within the vicinity of Southbay City by Mah Sing Group, just a mere minutes drive from Penang Second Bridge. The development comprises a 42-storey commercial building, featuring a mix of serviced suites, hotel rooms and shop lots.

Find out more about Ventus & Tradesmen

The Lume is a 49-storey luxury residential condominium situated on Andaman Island. Developed by the esteemed Eastern & Oriental Berhad (E&O), this project highlights meticulous attention to details, providing a tranquil living experience amidst lush greenery and the sea. Excellent connectivity from Andaman Island to Seri Tanjung Pinang and Gurney Drive ensures easy access to Georgetown, with all essential amenities just a 10-minute drive away.

The Lume offers a low-density living environment with only 261 units available. Prospective residents can choose from four distinct designs, each featuring spacious layouts ranging from 1,722 to 2,874 square feet. These homes boast three to four bedrooms and four to five bathrooms, ensuring ample and comfortable living spaces. Prices start from an indicative RM2.2 million onwards.

Project Name : The Lume
Location : Andaman Island
Property Type : Condominium
Tenure : Freehold
Built-up Size: 1,722 sq.ft. – 2,874 sq.ft.
Total Units : 261
Indicative Price: RM2.2mil onwards
Developer : Persada Mentari Sdn. Bhd. (a subsidiary of E&O Berhad)

DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider or party in question.

All future housing projects must allocate one or two blocks for affordable Madani units to help lower-income groups own homes, says Prime Minister Datuk Seri Anwar Ibrahim.

He said the government was willing to expedite approvals if developers meet all requirements.

“For each new housing project, I’ve instructed the Federal Territories Department and City Hall to ensure that one or two blocks are allotted for Madani housing units for the people.

“We can provide leniency and expedite (the approval process), provided that there will be one or two blocks allotted for Madani housing units for the people,” he said at the launch of Madani Civil Servants Public Housing (PPAM Madani) Pixel Permaisuri today.

It was reported that the Madani Inclusive Housing pilot project would target groups in major cities such as Kuala Lumpur, Selangor, and Penang.

Anwar, who is also finance minister, said it was important to address housing needs in Kuala Lumpur, where tens of thousands were still waiting to own homes.

“I don’t care if the rich build houses priced at millions of ringgit, but the people must be assisted in getting affordable houses. The government machinery must address the complex housing problems,” he said.

He said the matter could be resolved if the public administration were strict in ensuring all requirements were met, including plot ratio, greenery and school, which saw leakages when the people’s interests were not given utmost priority.

He said affordable housing for civil servants was not solely the responsibility of the Housing and Local Government Ministry.

As of July 31, a total of 33,133 PPAM units have been completed nationwide. In the 2024 Budget, RM249 million was allocated for PPAM projects nationwide.

To date, 28 PPAM projects have been approved, with RM234 million in Madani PPAM incentives (iM-PPAM). Some 4,000 PPAM units are expected to be built next year.

There is a high demand for houses in Kuala Lumpur among civil servants, with 55,014 applications recorded compared to the 7,038 PPAM units available.

In line with the government’s aspiration for conducive affordable housing schemes, Madani housing in Kuala Lumpur will be led by the Federal Territories Department through Kuala Lumpur City Hall, according to a statement by the Prime Minister’s Department.

Strategic cooperation between the PPAM Unit under the Prime Minister’s Department and the Federal Territories Department will allow special quotas for Madani housing units for civil servants.

It said similar concepts could also be adopted through cooperation with state governments or the state Housing Boards.

The government will conduct a study on PPAM’s outcome and effectiveness, involving stakeholders.

“The findings will guide the direction and continuation of PPAM in the 13th Malaysia Plan,” it said.

Source: NST Online

Penang recorded a growth of 3.3%, increasing its gross domestic product (GDP) to RM116 billion in 2023 from RM112.3 billion in 2022, said the statistics department.

Chief statistician Uzir Mahidin said Penang had demonstrated strong economic performance in 2023, maintaining its position as the 4th highest contributor to the nation’s GDP at 7.4%.

“The state’s economic growth is driven by the services sector, which expanded by 6%, fuelled by tourism-related subsectors such as wholesale and retail trade, food and beverages, and accommodation.

Penang’s GDP per capita stood at RM72,586 in 2023, an increase from RM69,789 in 2022, he said in a statement.

Uzir said according to the Malaysian Investment Development Authority (Mida), the state attracted the highest approved investments in Malaysia at RM71.9 billion (2022: RM16.3 billion) in 2023, comprising RM61.7 billion in foreign investments and RM10.2 billion in domestic investments.

“The second-largest contributor to Penang’s economy, the manufacturing sector received significant investments at RM63.4 billion, including RM60.1 billion in foreign investments and RM3.3 billion in domestic investments.

This investment boost is expected to stimulate the local economy and create numerous new job opportunities, he said.

With sustainable economic growth and encouraging investment performance, Penang’s labour market continues to strengthen, increasing by 3.4% to 926,200 people (2022: 895,600), and the number of persons employed also rose to 905,600 (2022: 871,000).

The Labor Force Participation Rate (LFPR) increased by 1.2 percentage points from 70.1% to 71.3% in 2023.

At the same time, the unemployment rate improved, decreasing to 2.2% from 2.7% the previous year.

Penang also recorded the highest trade value in Malaysia at RM697.7 billion, with exports and imports valued at RM447.4 billion and RM250.3 billion, respectively.

Uzir said Penang’s main exports were integrated electronic circuits, electrical and electronic (E&E) products, piezoelectric crystals and components, making up 63.3% of the state’s total exports.

“Penang’s primary export destinations in 2023 were China (RM79.7 billion), followed by the US (RM76 billion) and Singapore (RM66.7 billion).

The main imported goods were integrated electronic circuits, piezoelectric crystals and components, and other E&E products, with major sources being China, Taiwan, and Singapore, he said.

Uzir noted that in line with the slower national inflation rate in 2023, Penang’s inflation also eased to 2.2% (2022: 3.2%), with the index points at 131.8 (2022: 128.9).

The increase was driven by the food and beverages group (5%), restaurants and hotels (4.2%), health (2.5%), various goods and services (2.2%), and housing, water, electricity, gas, and other fuels (1.7%).

Source: FMT Online