E&O Launches Arica on Penang’s Andaman Island Following the Success of its Maiden Launch, The Meg
The new residential tower is set to solidify Andaman’s position as the new sought-after address, much like Seri Tanjung Pinang, E&O’s award-winning development.
PENANG, MARCH 2023: Eastern & Oriental Berhad (E&O), the premier lifestyle property developer, has announced that all units at The Meg, its maiden project on Andaman island launched in 2021, has been taken up. On the heels of this overwhelming success, E&O is set to launch Arica, a 380-unit freehold development nestled in the heart of the Gurney Green district.
“We are truly encouraged by the support we received for The Meg despite the uncertainties surrounding the pandemic at that time, which we humbly attribute to our track record in Seri Tanjung Pinang over the last 20 years,” says Emily Teh, Director, Projects and Property Investments, E&O Group.
“We are excited to build a pioneering and dynamic community here on Andaman. It is E&O’s ethos to elevate life at every address, and we invite all to come to make the most of it,” Teh adds. “More space, more time, more joy—all yours for the asking, at Arica.”
Arica On Andaman
Arica is conceptualised as a serene, well-rounded sanctuary to appeal to young couples, small families, and empty nesters looking for homes that fit their post-retirement lifestyles. A low-density dwelling with a Gross Development Value (GDV) of RM400 million, Arica’s tastefully fitted and furnished units range from 947 sq ft to 1,259 sq ft. The 2- and 3- bedroom units offer efficient and practical layouts for optimal living. Designed to meet Green Building Certification standards, Arica prioritises active and communal living with personal and professional spaces carefully crafted in the common spaces. Coupled with well-thought-out outdoor and indoor amenities, making a home is a breeze at Arica.
“Arica is not only strategically located within the exciting commercial precinct of Gurney Green, it is actually sited right next door to The Meg. With aesthetically aligned architectural language between The Meg and Arica, the two developments complement each other in more ways than one, the most meaningful being the retail conveniences of Temu at The Meg being able to serve the needs of Arica residents as well”, says Teh.
Andaman’s masterplan embraces green living and community building at the heart of its design. With more than 90 acres of green spaces devoted to parks, playgrounds, and public realms, residents will enjoy the outdoors surrounded by fresh sea breeze and lush landscaping. Wide seafront promenades for pedestrians and cyclists will encourage accessibility throughout the island, and across the two bridges that link Andaman to Gurney Wharf and Seri Tanjung Pinang.
“Having been awarded the provisional GreenRE Platinum Certification and with Penang’s position as a prominent secondary city in Malaysia, we are confident that Andaman's vision of a 15-minute city will continue to attract a sophisticated community looking for exciting urban island living,” adds Teh.