E&O at VPEX 2018

Eastern and Oriental Bhd
Wayne Wong
Eastern and Oriental Bhd (E&O)
senior general manager
group marketing and sales  

“We expect the cautious optimism of the property market in Malaysia to continue as market players adjust to the new operating environment. In time, given the solid fundamentals of the Malaysian property market and its proven resilience, the market should consolidate, with confidence gradually returning. Whilst the market is expected to remain challenging in the short-term, for seasoned investors, this is the best time to invest before prices move up in the longer term.

We believe that the most important factors in property investment are location and accessibility. E&O is well known in the property market for its premium residential developments, with quality design in choice locations. We are guided by the belief that well-managed premium quality properties in established prime locations are always sought after. 

What and why should we buy now?

The real estate market is currently witnessing a host of attractive promotional packages. Savvy overseas buyers and investors have found the pricing of luxury seafront properties in Malaysia extremely attractive, affording them access to prime properties that would otherwise be unattainable in other countries. This scenario has proven to be extremely beneficial for our Seri Tanjung Pinang development.

Our wish would be for a review of the various cooling measures introduced by the government over the last three years such as relaxing the terms of the real property gains tax (RPGT) to encourage more Malaysians to invest or upgrade their properties, boosting sales transactions and the overall property market.”

PROJECT SHOWCASED AT VPEX 2018

18 East, Andaman at Quayside

The final tower of Quayside Seafront Resort Condominiums is sited on the most prime plot of the award-winning Seri Tanjung Pinang master-planned development in Penang. It offers a holistic lifestyle by the sea, with proximity to Straits Quay, Penang’s first and only retail marina and other amenities and conveniences such as established medical centres and international schools.

The Gold winner of EdgeProp’s Malaysia’s Best Managed Property Awards 2018, 18 East is the only resort residence in the region with a 4.5-acre private waterpark, over five acres of recreational space and an array of well-maintained, world-class facilities. With an emphasis on exclusivity, residents get to enjoy a private lobby, access to a private gym and personalised concierge services. 18 East is ready for immediate occupancy.

Attractive discounts and cash rebates will be available for bookings or purchases done via the VPEX 2018 platform. Buyers will also enjoy zero outgoings, with all legal fees, consent fees and levies (where applicable) to be borne by the developer.

This story first appeared in the EdgeProp.my pullout on July 6, 2018. Download EdgeProp.my pullout here for free.