Eastern & Oriental Unveils RM60 Billion Masterplan for Andaman Island
Eastern & Oriental Bhd (KL&O) has revealed its ambitious Andaman Island development project, with a gross development value (GDV) of RM60 billion. Spanning 307.56 hectares, the man-made island will feature a mix of luxury condominiums, shopping malls, office buildings, hotels, and community parks.
During a press briefing on November 19, Group Director Kok Tuck Cheong shared that the island is designed to meet the demand for premium properties, offering residents a balanced urban lifestyle with a focus on sustainability, accessibility, and quality of life.
Strategic Location and Two-Phase Development
Situated along the Gurney Drive and Tanjung Tokong coastline, the Andaman Island project is being developed in two phases:
- Phase One:
- Covers 102.38 hectares and includes commercial hubs, community-oriented facilities, and canals.
- Land reclamation for this phase was completed in December 2019.
- Features projects like The Meg, Arica, Fera, and Senna, which have achieved 100% sales to date.
- Phase Two:
- Spans 205.17 hectares, with reclamation works expected to be completed by 2028.
- Will introduce additional mixed-use developments, including luxury residences and commercial spaces.
The entire masterplan is expected to take approximately 30 years to fully materialize.
Connectivity: Bridging the Island
Yeonzon Yeow, E&O’s corporate investment and planning senior manager, highlighted the inclusion of two bridges to connect the island:
- Andaman Bridge (600m) to Seri Tanjung Pinang.
- Gurney Bridge (1.2km) to Gurney Drive.
These connections are integral to the island’s “15-minute city” concept, ensuring residents have convenient access to shopping, dining, healthcare, and recreational facilities. The development also emphasizes pedestrian and cycling pathways to promote a balanced and eco-friendly lifestyle.
Encouraging Sales and Upcoming Launches
Property sales on Andaman Island have been highly encouraging. Launched projects, including The Meg, Arica, Fera, and Senna, have a combined GDV of RM1.35 billion and have all sold out.
E&O plans to launch two seafront condominium projects and a new phase of luxury developments in 2025, building on the strong market demand.
A Vision for the Future
As a premier mixed-use development, Andaman Island is poised to redefine luxury living and urban planning in Penang. With its strategic location, connectivity, and emphasis on sustainable design, the project reflects E&O’s commitment to creating a world-class urban environment.
