JULY - SEPTEMBER 2013
E&O MEETS 2-YEAR PAT TARGET E&O INKS JV WITH MITSUI TO DEVELOP THE MEWS, KUALA LUMPUR
LIVING INSPIRED BY THE RHYTHM OF THE SEA The perfect place to claim your private view of the Andaman Sea E&O Residences Kuala Lumpur — the first serviced suites to share the name and pedigree of the legendary Eastern & Oriental Hotel in George Town, Penang
SPOTLIGHT:
TURNING ASPIRATIONS INTO REALITY E&O STRENGTHENS ITS DIFFERENTIATION AS A PREMIER LIFESTYLE DEVELOPER WITH A NEW 3-YEAR GROWTH STRATEGY A newsletter of E&O Property (Singapore) Copyright 2013. Eastern & Oriental Berhad. All rights reserved. 11 Beach Road #01-02 Singapore 189675 | T: +65 6337 1680 | E: eospore@easternandoriental.com
LONE PINE IS 65 Hotel shares anniversary joy with guests
E&O MOMENTS Plan a getaway to Kuala Lumpur and catch up with friends at Delicious Scotts Square with these promotions
www.easternandoriental.com
SPOTLIGHT
TURNING ASPIRATIONS INTO REALITY E&O embarks on a new growth strategy to anchor its position as a premier lifestyle developer
Straits Quay Marina, Seri Tanjung Pinang, Penang
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nvesting in real estate is often referred to as the “property game”. At E&O, however, property is not our game — it is our business as well as our passion. Enriched by our heritage, we build legacies for the future. Our inheritance of values such as grace, refinement and appreciation of beauty, has emboldened us to seek fresh interpretations of the old to forge ahead and create anew. We are not content to just provide shelter, not even a comfortable abode to call home. We strive to cater to people’s lifestyle aspirations.
Having recently concluded the past two financial years on a strong note with a cumulative profit after tax of RM264.60 million, E&O is geared towards brand building and fulfilling its position as a true lifestyle property developer.
“Our business direction is premised on our philosophy to do things differently, always for the better, and with integrity and passion,” says Chan. He adds: “When you’re in the business of anticipating aspirations, being ahead of the curve matters. We have adopted this approach in
Each product E&O brings to the market is conceptualised, thought through and built with passion to deliver something different each time, and to turn aspirations into reality.
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“Our needs may be similar, but our aspirations may differ,” notes Eric Chan, Deputy Managing Director of E&O Berhad. “As a lifestyle property developer, our aim is to cater to the aspirational lifestyle needs of discerning individuals.”
To achieve this, E&O is embarking on a three-year business plan to propel its key drivers: branding for regional and international exposure; strategic partnerships; talent attraction and retention; and pursuit of new growth engines.
SPOTLIGHT
meeting people’s aspirations with our past signature developments, and will do the same with our upcoming projects.” In the next 12 months, E&O is planning to launch RM2.2 billion worth of projects:
Kuala Lumpur Soon to be launched in the Kuala Lumpur City Centre is The Mews. With this development, E&O not only aims to meet the needs of discerning buyers who are looking for viable property investments, but specifically, a growing population of financially independent and sophisticated young professionals who plan to build a career in the region or are simply looking for a getaway pad. To meet their aspiration of living in the KLCC area, in the pulse of the city, The Mews will be thoughtfully tailored with discreet security, convenience and pampering facilities.
Medini Iskandar E&O is extremely honoured to be the chosen partner to collaborate in the development of Avira, a 210-acre iconic wellness township in Medini Iskandar. This joint-venture project with Temasek Holdings and Khazanah Nasional Berhad will appeal to those wanting to live a holistic lifestyle that is premised on total wellness to prolong their active years.
skyline of Gurney Drive. The gem within Andaman is its spectacular 4.5-acre waterpark amid 7 acres of green — a luxury in landscarce Penang and by any standards.
We have infused our property portfolio with a host of lifestyle elements. Each product E&O brings to the market is conceptualised, thought through and built with passion to deliver something different each time, and to turn aspirations into reality. We have infused our property portfolio with a host of lifestyle elements — from hotels and serviced residences to restaurants, a performing arts centre and a marina — that complements our business and most importantly, differentiates us as a premier lifestyle developer. www.easternandoriental.com
To bring this concept to life, E&O will be working with a team from Destination Spa Management, the people behind some of the world’s renowned spa retreats – the likes of Chiva-Som and the multi-award winning Kamalaya wellness resort.
Penang
The Andaman is where residents are offered a home that is a resort. From its fantastic location by the sea, dwellers get to enjoy the vista of the ocean, the hills or the scenic
The Mews, Kuala Lumpur
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In Penang, the final and most luxurious tower of Andaman at Quayside condominiums will be launched later in the year.
E&O HIGHLIGHTS
E&O MEETS 2-YEAR PAT TARGET Setting the foundation for sustainable growth
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he E&O Group has successfully met its cumulative two-year profit after tax (PAT) target of RM250-300 million for the financial years 2012 and 2013. Posting a PAT of RM136.86 million for the 12-month period ended 31 March 2013, the Group has achieved a cumulative two-year PAT of RM264.60 million. “The 2011-2013 phase was a period of strengthening E&O,” notes Eric Chan, Deputy Managing Director of E&O. “And within that timeframe, the Group achieved several milestones that places us in good stead for the next stage of our journey.” The timeframe witnessed E&O’s success in cementing firm partnerships with titans such as Khazanah Nasional Berhad, Temasek Holdings and Mitsui Fudosan Residential Co. Ltd. It also saw E&O laying the foundation for diversification through the development of new growth engines in Iskandar Malaysia and London. “We are upbeat on our exposure in Iskandar Malaysia through Avira wellness development in Medini, which will be launched this year, and we will also launch the final block of Andaman condominiums at Quayside, Penang, and The Mews in the Klang Valley,” adds Chan.
The Prime Ministers of Malaysia and Singapore unveiling the name, Avira, in February this year
St Mary Residences, Kuala Lumpur
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Andaman at Quayside, Penang
E&O HIGHLIGHTS
E&O INKS JV WITH MITSUI FUDOSAN
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&O has entered into a joint-venture agreement to develop The Mews in Kuala Lumpur with Mitsui Residential, a wholly-owned subsidiary of Mitsui Fudosan Co Ltd. Mitsui is Japan’s largest property company by revenue from operations, which recorded revenue of ¥1.338 trillion (USD14.007 billion) as at 31 March 2012. “E&O is deeply honoured to partner Mitsui, Japan’s renowned and most reputable property developer,” comments Eric Chan, E&O’s Deputy Managing Director. “We hope this partnership will pave the way to even greater exposure of the E&O brand to the highly-discerning Japanese market. ”
Uematsu adds: “Malaysia is such a vibrant country with high standards of liveability. Compared to other regional markets, its property market is very attractive in terms of affordability. This, coupled by our collaboration with an exemplary developer like E&O as well as Mitsui’s extensive expertise in property development, provide all the right ingredients for a viable partnership.”
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“By taking a stake in the development company of The Mews, we are forming a deeper commitment that reflects our confidence in E&O,” says Ryousuke Uematsu, General Manager of Mitsui Fudosan Residential.
NEWS CLIPPING
The Business Times (11 April 2013)
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HAPPENING NOW
LIVING INSPIRED by the rhythm of the sea The Andaman Series at Quayside offers world-class living by the sea
Actual photo of the Andaman Series’ completed 4.5-acre waterpark overlooking the sea
W ANDAMAN AT QUAYSIDE | Attractive discounts & financing package | SPA legal fee absorption | Developer interest-bearing scheme
E&O Singapore | +65 6337 1680
www.quaysideresort.com
At the heart of Quayside, a 4.5-acre waterpark exclusively for residents beckons with extensive pools, water playgrounds and lagoons surrounded by a further 7 acres of tropical greenery and parks. Located minutes away from international schools and hospitals, the Andaman Series offers comprehensive fittings and 5-star hotel standard finishings. Eight meticulously planned layouts range from expansive penthouse suites with private lap pools to spacious 3bedroom suites, to chic single-bedroom suites.
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For details on the current launch of Tower H, contact us:
elcome to the Andaman Series at Quayside — the only condominiums in Penang with direct views of the Andaman Sea. Each tower is aligned so that 75% of all suites command unobstructed views of the sea, the waterpark, the Straits Quay festive marina or the glittering lights of Gurney Drive.
HAPPENING NOW
THE MEWS, KUALA LUMPUR E&O’s latest property development in collaboration with Japan’s Mitsui Fudosan Residential
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ntroducing The Mews — the latest addition in E&O’s exquisite property collection in the heart of Kuala Lumpur. Developed in collaboration with Mitsui Fudosan Residential, Japan’s largest developer, The Mews is a 38storey freehold development that is sited on Jalan Yap Kwan Seng in the KL city centre, hidden in a peaceful tree-lined alley.
The Mews offers understated stylish simplicity. Be greeted by the concierge with subtle floral fragrances drifting in from the gardens. Enjoy peace of mind with thoughtfully choreographed living space focused on security, convenience, storage, and pampering for an extraordinary metro living experience.
OWN THE MEWS | Early bird discounts | SPA legal fee absorption
Residents of The Mews will enjoy easy access to the pulse of the city with its strategic location and transport network nearby. It is just minutes away to an array of shopping malls, high-end boutiques, nightspots, recreation facilities and corporate office towers. Also within the immediate
| Developer interest-bearing scheme | E&O buyers enjoy additional privilege Contact us
E&O Singapore | +65 6337 1680
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The two 38-storey towers of The Mews features one- to three-bedroom serviced apartments and penthouses ranging from 922 square feet to 2,619 square feet. Quiet nooks shaded by lush greenery gaze across the pool to the city skyline beyond.
neighbourhood are top-grade medical centres and renowned international schools.
FLASHBACK
ANNIVERSARY JOY:
LONE PINE HOTEL IS 65 Penang’s oldest Batu Ferringhi beachfront hotel celebrates its auspicious milestone
Lamborghinis roaring their way into Lone Pine Hotel
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ell-loved since its establishment in 1948, the charming and idyllic Lone Pine Hotel on Penang’s famed Batu Ferringhi stretch celebrated its 65th anniversary in May and June this year. Guests enjoyed special rates on room and meeting / banquet packages and those celebrating their birthdays on these months enjoyed a special F&B discount. The month of May was also extra special for Lone Pine as nearly 80 owners of Italian super sports car Lamborghini from Malaysia and Singapore drove into Lone Pine Hotel from Kuala Lumpur and entered the Malaysia Book of Records for the largest gathering of supercars in conjunction with the luxury carmaker’s 50th anniversary.
It’s no wonder that loyal guests who return annually regard it as a place where you can do everything or nothing, a perfect place for creating memories.
www.lonepinehotel.com
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Listed on TripAdvisor’s Top 10 Boutique Resorts under US$200 (2011), Lone Pine — with its old world charm and modern day comforts — offers 90 seafronting guest rooms and spacious suites within a perfect setting to soak in the sunshine and enjoy the cool breezes from the Andaman Sea. It is also listed as Top 25 Trendiest Hotels in Malaysia 2012 in Expatriate Lifestyle Best of Malaysia.
E&O MOMENTS
E&O RESIDENCES KUALA LUMPUR A place to call home away from home
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he E&O Residences Kuala Lumpur brings the finest of home comforts to make your stay as luxurious and comfortable as possible. Whether travelling for business or leisure, you will enjoy the chic design and spaciousness of your elegantly furnished serviced suite that is matched only by the impressive views of the Kuala Lumpur City Centre (KLCC) skyline outside. Managed by the award-winning E&O Group, the E&O Residences Kuala Lumpur is the first serviced suites to share the name and pedigree of the legendary Eastern & Oriental Hotel in George Town, Penang.
Suites are equipped with iPod docking station, WiFi, kitchen, washer and dryer. Enjoy easy access to LRT transportation network as well as restaurants, shopping and personal services nearby.
E&O RESIDENCES KUALA LUMPUR address | No. 1 Jalan Tengah off Jalan Sultan Ismail
50450 Kuala Lumpur phone
| +603 2023 2188
reservation email |
reservations@eoresidences.com
www.eoresidences.com
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Enjoy 5-star services and amenities: Concierge and Business Centre services Infinity saltwater pool Landscaped garden courtyard Gym and yoga room Children’s playground
E&O MOMENTS
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