Spotlight on E&O Property
Yesterday in StarBiz, there was an article on E&O Property.
The article basically outlines some of the plans by the company for the near future, emphasizing on their desire to grow in their niche market and strategy to acquire more land.
According to the article,
Its main appeal - the company is the largest property developer in Penang with about 1,350 acres in George Town and 350 acres in Kuala Lumpur city centre.
Some analysts say that in Kuala Lumpur and Penang, E&OP has the largest prime land bank.
Presently, it already has a growth development value (GDV) of RM15bil.
Out of this, RM10bil comes from Penang, and the remainder from Kuala Lumpur.
The article also highlights E&O’s strength in Penang, saying,
Penang is widely seen as one of the largest beneficiaries of the Malaysian property play given that it has the best demand-supply balance among developed states.Property in Penang has generally done superbly thanks to the pent-up demand and the limited amount of land bank on the island. E&OP has been shrewd and has been aggressively embarking on land bank acquisitions in premium areas to capitalise on the property boom.
You can read the full article here.
Some of the projects by E&O Property reviewed here in Property Malaysia are:
Idamansara
Seventy Damansara
