E&O to launch RM700m waterfront commercial project at Andaman Island

Eastern & Oriental Bhd (E&O) is set to roll out a new low-density commercial waterfront development at Andaman Island, marking the final project along a 30-hectare coastal belt next to its Maris development.

With an estimated gross development value (GDV) of approximately RM700 million, the project is targeted for launch by the end of this year, subject to approvals. According to managing director Kok Tuck Cheong, the development will feature larger-sized units within a low-density setting, positioned to maintain the group’s established pricing strategy.

The upcoming launch forms part of Phase 2 of Andaman Island, which is progressing steadily and scheduled for completion by end-2027. Once completed, Phase 2 will represent a key milestone in the transformation of the reclaimed island into a fully integrated waterfront township. The population is projected to surpass 20,000 residents by around 2031.

In addition to premium waterfront offerings, E&O is also planning to develop about 1,000 affordable housing units on approximately 1.6 hectares within the island, in line with state requirements and to support workforce demand.

Looking ahead, the developer has outlined plans for a major commercial hub at Andaman Island, potentially comprising a retail mall, luxury hotel, serviced residences and office space. The integrated development is expected to materialise progressively over the next five years.

Beyond Penang, E&O continues to expand its footprint in the Klang Valley, with ongoing launches including shop units and landed homes at Laman Embun in Elmina. The group is also exploring opportunities in prime Kuala Lumpur locations through potential collaborations.