The Atrium is built on 0.95 acres of freehold land, with inspired designs accentuating every corner and features in units having been meticulously planned, to be both beautiful and practical.
Artist impression of E&O’s The Tamarind in Seri Tanjung Pinang
THE Tamarind executive apartments by Eastern and Oriental (E&O) Bhd combine an excellent location with competitive pricing and modern stylishness, and is a great option for young executives, families or aspiring first-time buyers eager to finally realise their dream of owning a nice property.
Strategically located on 7 acres of freehold land in the prestigious Seri Tanjung Pinang neighbourhood on the northeastern tip of Penang Island, it comprises two residential towers housing 552 units each, set against lush landscaped surroundings equipped with comprehensive lifestyle facilities, just a short walk away from the seafront.
Its developers, E&O, are known for their classy properties. Most recognisable is the venerable E&O Hotel, a five-star establishment in central George Town that celebrated its 130th Anniversary this year. Also of note are the Lone Pine Hotel in Batu Feringghi, and Straits Quay Retail Marina – Penang’s first waterfront mall – located adjacent to The Tamarind. In the Kuala Lumpur city center, there is the E&O Residences, amongst others.
|Project Name||: The Tamarind|
|Location||: Seri Tanjung Pinang, Penang|
|Property Type||: Executive Apartments|
|No of storeys||: 33 stories|
|Total units||: 1,104 across 2 blocks|
|Sizes||: Type A – 1,372 sq.ft.|
|Type B – 1,242 sq.ft.|
|Type C – 1,042 sq.ft.|
|Price Range||: Approx. RM800,000 onwards|
|Average Price per Sq.Ft.||: From RM660 onwards|
|Completion Date||: 2019|
|Maintenance Fee||: RM0.25 (sen) psf|
|Parking bay per unit||: 2|
|Developer||: E&O Property (Penang) Sdn Bhd (wholly owned subsidiary of E&O Bhd)|
|Website||: www.the-tamarind-penang.com or www.easternandoriental.com|
E&O Property Penang
- The Sales Gallery, Seri Tanjung Pinang, 10470 Tanjung Tokong, Penang (04-8909999)
E&O Property Head Office
- Level 3A (Annexe) Menara Milenium, No.8 Jalan Damanlela, 50490 Damansara Heights, Kuala Lumpur (03-20938888)
- Idamansara, Seventy Damansara, Dua Residency, Seri Se-Ekar, 202 Desa Cahaya, Kampung Warisan, Ariza Courtyard, Villas By-The-Sea, E&O Residences, The Mews Serviced Residences, St. Mary Residences, Elmina West.
- E&O Hotel, Lone Pine Hotel, Straits Quay Retail Marina, Seri Tanjung Pinang Phases 1 and 2, Quayside Seafront, 18 East at Andaman.
- Avira Medini
- Princes House Serviced Residences
When The Tamarind came onto the market, it set buyers and investors abuzz with its excellent premise – a strategic address in one of Penang’s most desirable neighbourhoods, offering an elevated lifestyle close to many conveniences, but at a reasonable price point.
The first of the two 33-storey towers was soft launched in early 2015, and was reported to have a 90% take-up rate by June. Its developers E&O Property opened the second tower for registration in the same month, to similarly good response. According to its news reports in early December 2015, Towers A and B were 95% and 50% sold respectively. The figure is likely higher, or almost sold out by now.
Besides the brand and its good track record, the key crowd puller has been the competitive per sq ft starting price of RM660 onwards, especially fo developments of this nature on the island. Besides tempting investors, it is also an excellent entry price for young professionals and new home-owners.
The living area of the The Tamarind’s Type C show unit
The Tamarind, with a gross development value of RM900 million, is the latest addition to the Phase 1 masterplan of E&O’s Seri Tanjung Pinang, and designed in the ilk of its previous undertakings – where stylish modern aesthetics are imbued by touches of colonial charm.
Its 1,104 executive apartments are split evenly across both blocks, and come in 3 configurations – the largest being Type A at 1,372 sq ft, followed by Type B at 1,241 sq ft, and the smallest being Type C with a decent 1,042 sq ft.
Type C Show Unit : Master Bedroom
Type C Show Unit : Bedroom
All feature mindful designs and practical layouts that allow homeowners flexibility. They also come with generous balconies. While these should ensure great vistas for most, the slew of other residential high-rises also being developed in the immediate vicinity could obstruct the views from some units.
The Type As occupy the corners of the towers’ boomerang-shaped cross section, and have a rectangular layout with the bedrooms and bathrooms clustered in the inner half, while the living and dining areas take up the other and become a vast seamless space that opens out to the balcony and beyond.
The sprawling Waterscape, which is part of The Tamarind’s lifestyle facilities, looks out towards Straits Quay
Spaces here are made for sharing, and the Waterscape certainly embodies that. Taking up almost an acre, it features a signature swimming pool, wading pool, man-made beach area and other water-play areas that all in the family can enjoy and have countless hours of laughter and fun splashing around whilst being buffeted by sea breezes.
Besides these are jogging tracks for those early morning or late evening laps, gymnasium and yoga room to sweat it out, as well as barbeque plaza, al-fresco function area and multipurpose hall for entertaining and celebratory occasions. There would also be a customised kids’ creche and outdoor playground for the youngsters to play safely.
All these should make The Tamarind a nice place to come home to each day, or to while away those lazy weekend hours. And with the seafront just approximately 200 meters away, it is the kind of lifestyle most city folk aspire to today.
The development is named after a leguminous tree native to tropical Africa, but is now widely cultivated throughout Asia. Its name derives from the romanised Arabic word ‘tamar hindi’, which means Indian date. Over time, it became corrupted to ‘tamar indi’, ‘tamarindus’ or ‘tamarandi’.
Regardless, the tree’s edible pod-like fruits – are highly prized for its sweet and sour properties and are used extensively in various cuisines around the world – both as a flavouring agent or ingredient in savoury foods, drinks, jams and confectionaries.
Aerial view of Seri Tanjung Pinang on Penang’s northeastern tip, with (nearest from R to L) the Quayside seafront condominiums, Straits Quay Retail Marina, rows of courtyard-styled homes, and Gurney Drive in the far background. The Tamarind is being built on the plot of empty land near the middle of the picture, just behind Straits Quay. The beige strip encircling the area is the 1.6km seafront promenade.
Most of the area that is now Seri Tanjung Pinang, was once glistening waters of the Andaman Sea. Prior to it being reclaimed, the seafront came up to rustic old fishing villages that lined the Jalan Tanjung Tokong main road which curved around Penang’s northeastern coast.
The project site of The Tamarind, which is right next to The Jazz. In the background is Straits Quay.
It is not unreasonable to expect higher traffic volumes, a denser living environment and some degree of noise pollution – an important factor to take into account if one is considering to call this area home in the future.
The increased amount of vehicles would likely also worsen traffic congestion on Jalan Tanjung Tokong, the main thoroughfare in and out which is already bursting at the seams during peak hours and festive seasons.
The upcoming north coast paired road, which is part of the Penang Outer Ring Road, scheduled for completion in 2019 under the Penang Transport Master Plan, would be vital in helping alleviate this. But there is a tradeoff, as increased traffic means more noise.
On the plus side, living at The Tamarind puts one within easy reach of numerous amenities – from the Gurney Plaza and Gurney Paragon Mall shopping centres in nearby Gurney Drive, to the various retail, banking, F&B outlets and wet market in adjacent Pulau Tikus – which should all be reachable in between 5 and 15 minutes by vehicle.
The latter is also home to various education institutions, from schools like SMK Convent Pulau Tikus, St. Xavier’s Branch School, St. George’s Girl School, Penang Chinese Girls’ High School and DISTED College. For international schools, options include Dalat and Uplands in Tanjung Bungah and Batu Feringghi respectively.
Closer to home, along the main road, are no less than 3 petrol stations by Shell, Caltex and Petronas. While only RapidPenang bus no.102 passes through Seri Tanjung Pinang, there are also bus stops a short walk away along Jalan Tanjung Tokong served by the more numerous and frequent bus no.101.
Penang Island’s northeastern coastline is set to change further with Seri Tanjung Pinang Phase 2 that is currently in the planning stages, and would likely be completed in stages within the next 15 to 20 years. According to latest announced plans, it will see the reclamation of 980 acres of land to form an island connected by several bridges.
To be built in line with the policies of the Federal and State governments, it will house a sustainable mixed-use community with housing, commercial, leisure and cultural components.
When first opened for sale, The Tamarind’s competitive per sq ft starting price was the key attraction. But most, if not all, of the lower priced units have already been snapped up. Thus, the ones available should be upwards of RM800,000.
Also much talked about following its recently introduction was Skyridge Garden, notable for its low rate starting at RM490 psf, which may or may not change by the time it is officially launched in early 2016. Unit sizes are slightly larger, starting at 1,200 sq ft onwards. But the drawback is the location – Mount Erskine – which is more secluded and on the hillsides.
Otherwise, there is The Clovers in Sungai Ara, a mature neighbourhood near the south of the island, which offers a similar standard of living and facilities. However, this development also includes some affordable units.
||Tenure / Land Title||Approx. Price per Sq.Ft.||Indicative Price for Typical Unit|
||Seri Tanjung Pinang||Freehold
|Skyridge Garden||Mount Erskine
|The Clovers||Sungai Ara||Freehold||RM850||RM800,000|
The combination of a developer with an excellent track record, stylish design, myriad facilities, strategic location and competitive pricing makes The Tamarind an attractive proposition for both investors and home hunters. It is in a prestigious neighbourhood with many amenities at the doorstep. Other daily needs are not far away either.
But one cannot halt development, and the completion of several high-rises in the vicinity, along with new road infrastructure in the coming years is likely to change the surroundings considerably. As Penang is in the global limelight now, such rapid development is bound to be a recurring trend wherever one goes on the island.