GEORGE TOWN: E & O Bhd's RM1.8 billion Quayside seafront luxury condominiums officially launched on Feb 7 (Sunday) has reached 50% in sales for its
first block of 298 units.
Initially, E & O hoped to achieve 50% sales within two months after the official launch for the units priced between RM765,000 for a 1-bedroom unit to RM4.3 million for a penthouse.
Before the official launch, since the soft launch a month ago, 30% of the units had been secured with payments made by prospective buyers.
E & O executive director Eric Chan told theedgeproperty.com the launch on Sunday was successful as sales bookings were secured with deposits by buyers.
"We are well within our target and we expect interest and sales momentum to be stronger over the next two weeks, straddling the Chinese New Year holidays," he added.
The 1,200-unit project with a gross development value of RM1.8 billion is located within Seri Tanjung Pinang and touted to be on par with the world’s elite waterfront communities like Australia's Sovereign Islands and Sentosa Cove in Singapore.
Quayside will be located on 21 acres of prime seafront land and is said to be the first in the region to create a sprawling RM20 million 4.5-acre waterfront park exclusively for residents.
The development consists of seven blocks of condominiums, five of which are high-rise with 26 storeys and 298 units per block, while two are low-rise with 7-storey blocks of 51 units each.
The location of the project is a major attraction as the units will have a 270-degree view of the Andaman Sea, Gurney Drive and the Batu Ferringhi beaches.
The gated community is equipped with CCTV security and come with an additional 6.9 acres of tropical gardens and green lung featuring resort style living. Buyers can choose from seven design types and sizes with prices ranging from RM765,000 for a 1-bedroom unit with a built-up area of 1,137 sq ft to the RM4.3 million penthouse unit with a built-up area of 7,159 sq ft with its own private swimming pool.Units come complete with kitchen cabinets, electrical fittings and air-conditioning. Unlike other condominium units, these offer two entrance points. The first block will be completed by 2013, while the entire Quayside project is expected to be completed within seven to 10 years.
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