This article first appeared in City & Country, The Edge Malaysia Weekly on June 22, 2026 - June 28, 2026

Eastern & Oriental Bhd (KL:E&O) launched its latest RM1 billion AVÉA serviced apartment at its Andaman development in Penang on June 11.

The marina-edge development will comprise 1,080 fully furnished units — available in five layouts with sizes from 678 to 1,076 sq ft — evenly distributed across two 51-storey towers (Towers A and B). Each unit is allocated two to three parking bays.

Facilities include a pet lawn, badminton court, herb garden, playground, pools, jogging track, rooftop garden, outdoor fitness area and gymnasium.

Sitting on five acres of freehold land, AVÉA also features a waterfront promenade with 10 two-storey shoplots — each about 3,800 sq ft — to offer a connected waterfront community with amenities and retail services.

At the launch event, E&O general manager of sales and marketing Ramesh Gnanasegaran said the developer is keeping the shoplots to control the tenant mix but does not rule out the possibility of selling the units at a later date when the development matures.

Scheduled for completion in June 2030, the development has received the GreenRE Platinum Provisional Certificate.

E&O managing director Kok Tuck Cheong added that Andaman is a long-term vision to create Malaysia’s most liveable curated island — a connected waterfront destination where people can live, work, play, learn and sail within a vibrant and sustainable community.

“Every component within the township is intentionally planned to contribute towards a highly liveable and connected environment. AVÉA represents another important milestone in that journey,” he said.

“As our second marina-edge residence, it strengthens Andaman’s waterfront living proposition through thoughtfully designed homes, lifestyle offerings and community spaces that bring residents closer to the sea and the experiences that define island living.”

AVÉA was first unveiled in January this year with the launch of Tower A, which has since seen a take-up rate of 65%.

Maris, the first marina-edge residence at Andaman, was launched in December 2024. The RM700 million development, which comprises 516 fully furnished serviced apartments within a 49-storey tower, is 75% sold to date. The majority of the buyers are local Penangites.

The two-bedroom units have built-ups of 979 sq ft, while the three-bedroom units range from 1,177 to 1,356 sq ft. Prices start from RM950,000.

Known for its Seri Tanjung Pinang development in Penang, E&O launched the 760-acre Andaman, which is reclaimed land off the coast of the northeastern corner of Penang island, in 2022. Kok said the reclamation work for Phase 2 is expected to be completed by end-2027 or early 2028.

Carrying an estimated RM60 billion gross development value (GDV), Andaman will incorporate a “15-minute city” concept, ensuring that residents will not have to travel more than 15 minutes to reach amenities like work, retail, education and hospitality.

To be developed in two phases, Phase 1 of the township will feature three key precincts: Shoreline, Canalside and Gurney Green. A canal will sit in between the two phases, forming the Canalside that serves as a waterfront leisure hub.

The maiden development at Andaman is The Meg. Launched in 2022 with a GDV of RM691 million, the development offers 1,020 freehold serviced apartments and 14 retail units. It has been completed and the developer is currently delivering the vacant possession of the units.

Subsequently, E&O launched serviced apartment Arica; landed homes Fera and Senna; as well as luxury high-rise development The Lume. Phases 1 and 2 of Fera and Senna have been fully handed over.

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