18 East at Andaman presents the key to coveted resort-living within the finest of sea-fronting condominiums. With a stunning vista of the Andaman Sea that would leave many awestruck by its sheer brilliance, 18 East is a haven of understated luxury defined by expansive living spaces, a gem within an unrivaled oasis.

The distinction of this resort-themed home is underscored by its world class clubhouse ensconced within sprawling recreational spaces spanning 4.5 acres of waterpark and another 6.9 acres of lush greenery.

Located at the north eastern most cape of Penang Island, 18 East stands majestically on the final and most prime lot on Penang’s largest seafront development, the master-planned Seri Tanjung Pinang, a world class waterfront community, comparable in many aspects with the likes of Sentosa Cove in Singapore and Sanctuary Cove in Australia.

Its strategic location affords residents convenient access to the UNESCO World Heritage City of George Town, Gurney Drive and the beaches of Batu Ferringhi. Literally a few steps away from 18 East are the Straits Quay festive retail marina, a hypermarket, the 4-acre Straits Green public park and a 1.6 km seafront promenade. International schools and medical centres are also within close range to this much-desired address in Penang.

Facilities and Private Water Park

At the piece de resistance of 18 East, its outstanding waterpark designed by renown architects Wimberley Allison Tong & Goo (WATG), residents may make a splash at the formal pool, dip at beach pool, go with the flow of the adventure pool or recharge at the pavilion.

Residents of 18 East have a dedicated private entrance lobby to access their condominium tower. A concierge service is at their disposal while the exclusive 18 East Premier Card entitles them to privileges at the iconic Eastern & Oriental Hotel, boutique beachfront Lone Pine Hotel as well as Straits Quay.

The 14,000 sq.ft. grand clubhouse features a private 50-seat Gold Class theatrette in addition to a lounge, function space, outdoor dining terrace, and a fully-functional kitchen.

Peach of Mind

State of the art integrated security systems, an element of paramount importance, has been developed by the leading security consultant, GDSS Security Consultants.

The unique security features include a perimeter fence with fiber optic cabling, CCTV and video motion detector.

The residents’ and visitors’ vehicle access control is via an electronic scanning system.
Additional features include video intercom at the main lift lobby and card access to all lobby levels.

A home intercom which is linked to a 24 hours manned guard house and security control room further enhances the security aspects of the unique site.

Design Layout and Furnishing

Customers are spoilt for choices with eight types of design, with sizes ranges from 877 sq.ft. to 4,813 sq.ft. Penthouse.

The unique design of Type D comes with two identical master bedroom, complete with the spectacular 270 degrees view of the majestic Andaman Sea.

All units are fully furnished with top notch quality furnishing complete with sanitary fittings and sanitary ware.

This resort themed project indeed epitomizes the sheer luxury of seafront resort living living, within an abundance of greenery and the unparalleled panorama of the Andaman Sea.

Fine living has a new name. It is none other than 18 East at Andaman.

Ewein is embarking on a one-stop wellness destination named “Wellness City of Dreams” which will eventually span over a reclaimed land of 110ac and carries a GDV of RM25b over a 10-year period given to Consortium Zenith BUCG by the Penang Government to build the RM6.3b undersea tunnel and three road bypasses in Penang.

The first 50 ac (3 parcels) in Bandar Tanjong Pinang is expected to be fully developed before Dec-2020 and the group had inked a memorandum of agreement to acquire these landbanks for a total of RM2.83b in January 2016.

This mega development, located next to Gurney Wharf, will carry a massive GDV of RM 13.9 billion, which includes wellness apartments, retirement and healthcare wellness residential suits, serviced apartments with wellness facilities, resort suites and ambulatory services. This massive development is the top champion in the Malaysia EPP 10 for Wellness Resort.

Source: I3investor Forum

Luminari serviced residence, the latest addition to OSK Property’s Harbour Place Metrocity development in Butterworth, Penang. It is strategically located  along Jalan Chain Ferry, only a mere minutes drive away from the upcoming Penang Sentral.

This development will see another two 35 and 32-storey towers added to Butterworth’s skyline, offering 462 units of serviced suites and 7 retail units.

Project Name : Luminari Suites
Location : Harbour Place, Butterworth, Penang
Property Type : Serviced apartment
Total Units: 462
Indicative Price : (to be confirmed)
Developer : OSK Property

Location Map:

A soft property market is no stumbling block for Eco World Development Group Bhd which is roaring ahead with eight new commercial development projects under its Business Masterplan series.

Eco World president and chief executive officer Datuk Chang Khim Wah says that even in the toughest markets, there are still solutions.

The property developer exceeded its sales target of RM3bil with RM3.016bil secured for the financial year ended Oct 31, 2015 and says it is confident of securing RM4bil this year.

“People are definitely still buying – they may be more selective about what they buy but we see that the demand is still there.

“It is just a matter of how you present your product and convince people to come in,” he tells StarBizWeek in an interview.

It is with this in mind that Eco World plans offer business grants to buyers of its commercial property in the Klang Valley, Penang and Iskandar Malaysia this year.

“I think when you start a business, the first 12 months are definitely the most difficult.

“So this is where we think is the best time to offer them assistance.

“Rather than just being a developer that just produces buildings, we want to look at the other side of things as well,” he says.

The aim, he says, is to help make the overall environment conducive for business, as this will ultimately help boost the image of the entire development.

“For our eight new commercial projects, depending on the terms and conditions, we will be offering grants to our buyers. We encourage as many end-users to buy from us as possible, as we are offering pioneer grants.

“If the buyer, who is a end-user, sets up business within six months of taking over the keys of a new development, we will give them business grants of between 2.5% to 3.5% of their property value.

“This will be paid over 12 months from when they start their business,” he says.

The eight projects under the EcoWorld Business Masterplan Series are The Stride Strata Offices & Serviced Apartments 1 &2 @ Bukit Bintang City Centre, Eco Somerset @ Eco Sanctuary, Retail/Office and Sky Pod @ Eco Sky in the Klang Valley; Eco Bloom @ Eco Meadows in Penang; and Eco Business Park III, Eco Vantage @ Eco Tropics, Eco Palladium @ Eco Spring and Eco Galleria @ Eco Botanic in Iskandar Malaysia.

“When you start business in a new development, the visibility and the number of people coming into that area may not be very good, so we want to provide them with that initial support.

The developer also plans to provide franchising grants of up to 3.5% of the property value, to be disbursed over three months.

“If we feel that the franchise can spur business development within our projects, we will be happy to provide them with these grants.

“As for investors who buy the property and lease them out, we will be providing investment grants.

“If they can bring in a tenant that we like, and that Eco World thinks can contribute to the overall image of the development, we can give the tenant a rental subsidy for the first year.

“This makes it easier for investors to attract tenants as well, instead of leaving the property vacant.

They also plan to offer an investment grant to their customers and investors who lease their commercial units to businesses seen to add value to the project.

This will be in the form of a subsidy equivalent to 50% of one year in rental income.

Chang adds that the location of each project undertaken by Eco World is selected very carefully, and is usually located next to highways, amenities or public transport points. “We are placing the commercial developments within our projects next to highways or facing main roads, so it has high visibility and good accessibility.

“In that sense, for our customers who buy into the commercial areas, the immediate concerns of accessibility and visibility are already solved,” he says.

From past experience, he says, many who are purchasing factory units in their business parks were not just from the manufacturing sector. “We find that the trend for business parks today go beyond manufacturing.

“There are people who do catering businesses, or wedding-related businesses.

“They don’t need high visibility, they already have their own clientele, but they find that our factories are in gated and guarded areas, they get their own parking area for customers and a wide surrounding space where they can even put up fashion shows, for example,” he says.

Chang says they also want to “match-make” potential tenants with their commercial unit buyers and had set up a team to do this. “We have also evolved from traditional shop offices to what we call integrated shop offices.

“The back lanes of these shop offices, we convert them into street malls, where our businesses can hold exhibitions – they become centre courts for the offices.

All these additional services and incentives, he says, are the way of the future.

“You cannot sit in the office and wait for your customers anymore.

“You have to bring people to your projects,” he says.

The company currently has 11 projects ongoing and is expecting to complete its Eco Business Park I in Iskandar Malaysia and as well as the Eco Majestic development in the Klang Valley this year.

Among their big projects for this year, he says, is the Eco Marina in Penang which is a residential development on 300 acres of land by the sea in Batu Kawan – with over 2km facing the sea.

Behind these homes, Eco World will be building a golf course.

On one of the company’s most anticipated upcoming projects in the Bukit Bintang City Centre (BBCC), Chang says they are close to signing the heads of agreement on the project. “Negotiations are almost completed, so we will probably be launching in the middle of the year,” he says.

The BBCC project, a redevelopment of the 19.4 acre former Pudu jail site, will comprise of a mixed residential and commercial development with a proposed world-class masterplan, consisting strata offices, office towers, a hotel and serviced residences.

“It will have a transit hub – the LRT and monorail already exist and runs along the boundaries of the site.

“We will build a transit hub there that will house the stations for these, and the upcoming MRT will be only about 500m away.

“The shopping mall will have Japanese elements in it and there will be a grand bazaar with Malaysian elements in it.

“It will be a very different kind of experience, compared with any other place in Malaysia,” he says.

Chang says the company will build underground access and exits into the development and onto the main roads to ease traffic, as well as pedestrian walkways across to various points.

“It will be city-defining for us,” he says.

Source: TheStar.com.my

Rising development costs are driving property prices upwards in Penang, but affordable housing schemes may help Penangnites own their dream home.

Increasing economic development has driven up property prices in Penang, but the state government has taken measures to mitigate this and make affordable property accessible to Penangnites.

Penang is a remarkable state in many ways. With excellent medical facilities and connectivity, a vibrant cultural centre, delectable cuisine, and a wide range of enterprises, it has become the melting pot for residences, businesses, and investment opportunities. Its surge as an international tourism destination in recent years has been nothing short of being impressive. Based on a hotel survey by Tourism Malaysia, with a 45.63% increase in hotel guests from 4,502,099 (2013) to 6,847,569 (2014), Penang has the third-most hotel guests in Malaysia after Kuala Lumpur and Pahang, beating Johor, Sabah, Sarawak, Melaka, and other states.

Given Penang authorities’ ambition to transform Penang into an international intelligence city, no effort has been spared to drive development in Penang. Efforts are being made to enhance Penang’s transportation system and infrastructure, attract foreign investments, and training its local workforce, which could eventually drive the increase in population, as well as create demand for consumer goods and property in the state.

The surge in tourism and economic activity has resulted in a burst in growth for property prices, posing a challenge to Penangnites to own homes. However, the Penang state government had introduced several cooling measures since December 2013.

Cooling Measures

A moratorium for low and middle-income developments, where the state government will not allow certain types of properties to be sold within a certain period of time, was among one of those measures to prevent property speculators from buying those properties at a cheap price, and selling them two to three times higher than their original value.

Read more here – iProperty Focus