The Eastern & Oriental (E&O) name is synonymous with creating placemaking addresses that stand the test of time. The E&O portfolio today, spanning hospitality through to luxury living, is headlined by Penang’s globally renowned Eastern & Oriental Hotel and spans four main growth engines in Kuala Lumpur, Penang, Johor’s Iskandar Malaysia and Central London.

The award-winning Seri Tanjung Pinang is conceptualised to celebrate the best facets of island living and brings to life the concept of a world-class waterfront lifestyle, joining a list of exemplar waterfront communities including Australia’s Sovereign Islands and Singapore’s Sentosa Cove.

Fringing Seri Tanjung Pinang is a necklace of splendid residences that are hallmarks of distinction with their innovative design features and modern lifestyle expression. Majestic sea- facing villas, Straits-electric inspired terraced and semi-detached homes, luxury condominiums and executive apartments that line the long stretches of boulevard include Martinique by-the-sea, Ariza Courtyard Terraces, Suites at Straits Quay, Quayside Seafront Resort Condominiums and The Tamarind Executive Apartments.

Seri Tanjung Pinang is a 240-acre township conceptualised, designed and built by E&O in Penang. Following its launch in 2005, the carefully crafted development is today an exemplar master-planned development hailed as Penang’s most desired residential and investment suburb; a vibrant international community of 3,000 homes with over 30 nationalities.

E&O’s achievements with Seri Tanjung Pinang are not just in terms of completing the extensive land reclamation and the building of homes. Its true success has come from the company’s focus on value creation and community building, by conceptualising innovative luxury residential enclaves, reinventing tropical architecture, focusing on luxurious details and designing vibrant retail spaces.

As buyers saw the proven results through each phase of the development, demand grew, resulting in E&O being able to command benchmark prices, deliver impressive returns to

investors and create a brand cache that no other property developer has been able to replicate in Penang. Now, E&O is taking its proven track record to a stellar new development; one that will redefine the future of Penang.

Located directly across the waters of Seri Tanjung Pinang and the upcoming Gurney Wharf public realm and park, the second phase of this remarkable development is set to become the future pulse of Penang. A significant milestone, reclamation for the first island of 253 acres was completed in late 2019. E&O is currently finalising the masterplan design, incorporating several bold, game-changing components to anchor it as the truly unique and first choice destination to live, play and work.

To find out more about Penang’s next prime address, visit The Sales Gallery in Seri Tanjung Pinang, Tanjung Tokong.

The new seawall project at Esplanade under the North Seafront Masterplan of George Town is making good progress together with an extended and much-improved public promenade between Dewan Sri Pinang and Fort Cornwallis.

State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo, who visited the construction site to conduct a spot check, said the seawall would expand the area’s limited public spaces and improve public amenities within the George Town Unesco World Heritage Site.

He added that the upgrading of the seawall, which stretches for about 570m from the Medan Renong food court to the Royal Malaysian Navy Base, is currently being managed by George Town Conservation Development Corporation (GTCDC) in collaboration with the state government, Penang Island City Council (MBPP), Think City and the Aga Khan Trust for Culture.

“The reinforcement of the Esplanade seawall is an important initiative aimed at upgrading George Town’s northern waterfront, and it is now almost 50% completed.

“It is part of the North Seafront Masterplan which covers some 14 projects at a total cost of RM140 million.

“Apart from that, the new-look seawall will also help protect the popular promenade, that often attracts a large pool of visitors from raging waves,” Jagdeep said during the site inspection at Esplanade with his entourage today.

He also added that the total construction cost is RM12.2 million, which was funded by the Penang government and MBPP while Think City contributed RM1.5 million for the detailed conservation study of the site and consultations.

“The construction works, which commenced in 2019, are now progressing rapidly. They are expected to be completed by the end of 2021. Works on the promenade walkway and its landscape are also in progress,” Jagdeep added.

Source: Buletin Mutiara

A proposed landed residential development within the established township of Bukit Mertajam by Avongold City Sdn. Bhd. Located next to the KTM railway tracks, accessible via Jalan Aston Indah. It is approximately 5 minutes walking distance from Jit Sit Independent High School, just a mere minutes drive to abundance of amenities such as markets, banks and popular eateries.

This development will see the construction of 36 double-storey terrace houses on the 3.29 acres land.

The project is still pending approval. More details to be available upon official launch.

Property Project : (to be confirmed)
Location : Bukit Mertajam
Property Type : Terrace
Total Units: 36
Built-up Area: (to be confirmed)
Indicative Price:(to be confirmed)
Developer : Avongold City Sdn. Bhd.

Location Map:

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.

Bank Negara Malaysia is expected to announce a 25 basis points cut to the Overnight Policy Rate (OPR), taking it to 1.50 per cent in the next Monetary Policy Committee Meeting on Match 4.

HSBC Global Research Asean chief economist Joseph Incalcaterra said the government may continue to reallocate expenditure towards short-term measures, but a large package of fresh spending is unlikely.

More assistance will be needed in the short term to offset the impact of the latest lockdown and this suggests the burden will fall on monetary policy.

“We have continued to stress that Bank Negara has substantial policy space that should be used to confront clear hit to economic activity and fresh disinflationary pressures,” he said in a note today.

The 5.6 per cent contraction in Malaysia’s gross domestic product (GDP) in 2020 should not be too much of a surprise as the latest wave of Covid-19 infections has proven to be incredibly tenacious, impacting consumer mobility and spending at the end of the year, Incalcaterra said.

He said unfortunately, conditions are likely to deteriorate further in the first quarter (Q1) of 2021 given the imposition of a fresh one-month lockdown, the Movement Control Order (MCO), putting the government and Bank Negara’s 2021 6.5-7.5 per cent forecast range at risk.

About Straits City

A proposed 40-acres waterfront masterplanned development by STC Property Management Services Sdn. Bhd. in Butterworth. Strategically located along Jalan Bagan Luar, adjacent to Taman Selat. It is only a mere minutes drive to Penang Sentral, under 15 minutes to Penang Bridge.

Find out more about Straits City