E&O Prop: New launching @ STP

Article from The Edge:


KUALA LUMPUR: E&O Property Development Bhd will be launching an upscale exclusive service apartments in Penang.

Called the Suites at Waterside, the luxurious one- and two-bedroom service apartments are built around the Waterside at Seri Tanjung Pinang, which encompasses a pleasure marina, waterfront promenade, retail marketplace as well as a five-storey lighthouse dubbed The Beacon.

Comprising 160 units, each apartment is priced between RM445,000 and RM1.25million. Prospective buyers can choose from four floor plans, with build-up areas ranging from 853 sq ft to 2,568 sq ft.

Slated to be completed in 2010, the 4.8ha site of the project emulates some of the well-known waterfront destinations in Australia, the Mediterranean and the US.

“This is Penang island’s first service apartment of a truly five-star calibre. Aside from its exquisitely appointed interiors, the Suites at Waterside are unique due to its seafront resort lifestyle concept fronting a vibrant marina,” said E&O Property Development marketing and sales director KC Chong.

He said the Suites at Waterside presents a rare opportunity for those looking for investment in a property, vacation getaway or a retirement home.

Currently, phase one covering 96ha introduces landscaped parks, boulevards and seafront esplanades in a guarded community of terraced, semi-detached and detached homes, condominiums and service apartments, and commercial and retail precincts.

Phase two of the project will consist of 296ha with a cluster of islands emerging offshore, linked via a series of bridges.