Quayside Seafront Resort Condominium to be launched next month

GEORGE TOWN: E & O Property Development Bhd's Quayside Seafront Resort Condominium (pictured) project is on course to be launched next month. The 1,200-unit project with a gross development value of RM1.8 billion is located within the Seri Tanjung Pinang development 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 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.

During a media familiarisation trip of the Quayside project, E & O Property Development’s general manager for sales and marketing Lim Hooi Yen said the project was expected to attract significant foreign interest. Up to 40% of the purchasers would most probably be foreign, Lim said.

Up to 60% of the units are seafacing, offering a 270 degree view of the Andaman Sea, Gurney Drive and the Batu Ferringhi beaches, while the rest will have hill and garden views.

Buyers can choose from seven design types and sizes, and prices range from RM765,000 for a 1-bedroom unit sized at 1,137 sq ft to the RM4.3 million penthouse unit with an  area of 7,159 sq ft and 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 into each unit.

There is also an additional 6.9 acres of tropical gardens and green lung within the development for those who are keen on the clean and green living concept. For security, the gated community is equipped with CCTVs

The first 26-storey block to be launched next month would be completed in 2013 while the entire project is expected to be completed in seven to 10 years.

Straits Quay, which would be open to the public, is scheduled to be ready by year-end and boasts of amenities like 1,087 parking bays, marina with 78 berths, wheelchair accessibility, alfresco dining, boutiques, bistros, restaurants, art galleries, antique shops and also facilities for year-round performances and concerts.

Other attractions planned are boat rides for the public, water limousines for guests staying at the E & O Hotel and fishermen landing their catch on the shores of Straits Quay.

The retail outlets would be leased and managed by E & O Property Development to ensure the desired clientele are maintained.

As with other properties developed by E & O at Seri Tanjung Pinang, Lim expects the Quayside units to be snapped up as they are launched.

"In 2007, when we launched the Straits Quay serviced suites, they were sold within two weeks, while the 33 units of seafront terraces launched last June starting from RM1 million were taken up within three hours.

"This confirms that Seri Tanjung Pinang is a desirable address for residence among foreigners and also locals alike.

"Within our development, including the earlier phases of terraced houses and the serviced suites, we have buyers from over 12 countries," she said, adding that the Quayside project was also targetting buyers from Singapore, Hong Kong, Indonesia, the UK, Australia, Japan and South Korea.

Promotions have also been held at boatshows overseas to attract the boating community due to the condominium project's proximity to the marina.