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Andaman Island, Penang

For an archipelago in Indian Ocean, see Andaman Islands.

Andaman Island is a 760-acre (3.1 km2) man-made islet off the northeastern coast of Penang Island in the Malaysian state of Penang.[1][2] It is located 760 m (2,490 ft) off the shoreline of Penang Island and lies within the jurisdiction of George Town.

The Meg and Arica, the first properties on Andaman Island, under construction c. 2024.[3]

Andaman Island is being reclaimed by local developer Eastern and Oriental Berhad as an integrated mixed-use precinct with a gross development value of RM17 billion.[4] Phase 1 of the reclamation project was completed in 2019, paving the way for the construction of The Meg and Arica, the first residential properties on the islet.[1] As of 2023, the islet is connected to Tanjong Pinang via a road bridge, while a second bridge between the islet and Gurney Drive is under construction.[5]

In 2024, Eastern and Oriental Berhad unveiled a RM60 billion masterplan that encompasses three segments of the island – the Shoreline, Gurney Green and the Canalside. Development of these segments is projected to be completed by 2030.[6] Proposals have also been made to designate Andaman Island as a special economic zone.[7]

See also

References

  1. ^ a b Jeremy Tan (2 Jun 2023). "Recognised for green framework". The Star. Retrieved 13 Nov 2023.
  2. ^ "Penang's new coastal gem: How you can enjoy waterfront living and tap into an emerging property market". The Straits Times. 30 Aug 2023. Retrieved 13 Nov 2023.
  3. ^ Rafee, Hannah (26 May 2023). "E&O's Andaman Island Phase 1, The Meg and Arica get GreenRE Platinum Provisional Certifications". The Edge. Retrieved 10 Oct 2024.
  4. ^ Chester Tay (18 Oct 2023). "AMMB provides RM450m financing to E&O's Andaman Island project in Penang". The Edge. Retrieved 13 Nov 2023.
  5. ^ "The Meg @ Andaman Island". Penang Property Talk. 17 Dec 2021. Retrieved 13 Nov 2023.
  6. ^ Opalyn Mok (25 Nov 2024). "Andaman Island by E&O: RM60b township with 5,000 homes to house 16,000 people set for 2030 completion". Malay Mail. Retrieved 25 Nov 2024.
  7. ^ "Penang special financial zone project still being studied, says Chow". The Edge. 28 Nov 2024. Retrieved 29 Nov 2024.