E&O

Eastern & Oriental Bhd (KL&O) has officially launched its latest luxury apartment development, The Lume, located on the 760-acre Andaman Island master plan in Penang. This development marks a significant addition to the first phase of the Andaman Island project, which spans 253 acres and is segmented into three districts: Shoreline, Gurney Green, and Canalside. The Lume is strategically situated in...

In a strategic move to fuel the development of its ambitious 760-acre Andaman Island project in Penang, property developer Eastern & Oriental Bhd (E&O) is finalizing discussions with banks to secure financing between RM1 billion and RM1.5 billion. According to Managing Director Kok Tuck Cheong, the second phase of this expansive project necessitates a total investment of RM2 billion, marking a...

Eastern & Oriental Bhd (E&O) is gearing up to concentrate on their Andaman Island township development in Penang for this year, planning to launch two new projects with an estimated combined gross development value (GDV) of RM1 billion. These projects are set to launch within the financial year concluding on March 31, 2024. According to managing director Kok Tuck Cheong, the demand for the...