About The Meg @ Andaman Island
The Meg @ Andaman Island is E&O Berhad's inaugural project on Andaman Island — Penang's most exclusive and permanently supply-constrained seafront address off Tanjung Tokong. Twin 35-storey towers on 4 freehold acres house 1,020 serviced residences from 567 to 897 sqft, designed for young executives and new families with innovative co-living layouts, co-working spaces and resort facilities. Won Best Co-Living Development in Malaysia at the 2023 Asia Property Awards. Units from 1+1 to 3 bedrooms. Priced from RM543,400. Completion Q2 2026 — near key collection. Managed to E&O's trademark hospitality standards.
Project Specifications
| Developer | Persada Mentari Sdn Bhd (Eastern & Oriental Berhad) |
| Location | Penang Island, Penang |
| Price from | RM543,400 |
| Unit types | Serviced Residence |
| Built-up | 567 - 897 sqft |
| Price psf | RM1,036 - RM1,250 psf |
| Tenure | Freehold |
| Completion | Q2 2026 |
| Maintenance fee | — |
| Total units | 1,020 |
| Total floors | 35 |
| Bumi lot | — |
| Foreign purchaser | — |
Nearby Amenities
🚆 MRT / LRT
Penang LRT (upcoming) · Gurney Wharf (5 min walk)
🛍️ Shopping
Gurney Plaza (2km)
Gurney Paragon (2km)
Straits Quay (500m)
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Prices for The Meg @ Andaman Island start from RM543,400. The entry-level Type A1 (484 sqft, 1 bedroom) is priced from RM446,400, while the larger Type C1 and C2 (915 sqft, 3 bedrooms) are priced from RM769,000. Based on a 90% loan at 4.2% interest over 35 years, monthly instalments start from approximately RM1,827/month for the smallest unit.
The Meg @ Andaman Island is priced at approximately RM840 to RM980 per square foot (psf), depending on unit type, floor level, and facing direction. Higher-floor units and pool-facing units typically command a premium psf. This is competitive compared to surrounding new launches in Bukit Jalil.
For The Meg @ Andaman Island, the minimum down payment is 10% of the purchase price (90% loan). For a Type A1 unit at RM446,400, the 10% down payment is RM44,640. First-time homebuyers may be eligible for government schemes such as PR1MA or Skim Rumah Pertamaku (SRP) with up to 100% financing.
The Meg @ Andaman Island is developed by Persada Mentari Sdn Bhd (Eastern & Oriental Berhad). Please contact us for more information about the developer's track record.
The Meg @ Andaman Island is located in Penang Island, Penang, Malaysia. It sits within the KL Wellness City masterplan — a 66-acre integrated township near Awan Besar LRT station (approx. 1.5km) and Bukit Jalil LRT station (approx. 2km). The project is adjacent to the 300-acre Bukit Jalil National Park and within 5 minutes' drive of Pavilion Bukit Jalil mall.
The nearest public transport options to The Meg @ Andaman Island are: Penang LRT (upcoming) · Gurney Wharf (5 min walk). Residents can also access the MRT Putrajaya Line via connecting LRT feeder buses. A shuttle bus service is provided within the development to connect residents to the nearest LRT station.
The Meg @ Andaman Island is on Freehold land. Being freehold, the land ownership is perpetual with no renewal required.
Foreign purchaser eligibility for The Meg @ Andaman Island depends on the unit type and current state government guidelines. Please contact us to verify eligibility for your specific situation.
Please contact us to check the current Bumiputera lot availability for The Meg @ Andaman Island.
The expected completion date for The Meg @ Andaman Island is Q2 2026. After the Certificate of Completion and Compliance (CCC) is issued, the developer will notify buyers for key collection. Buyers then have a 24-month Defect Liability Period (DLP) during which the developer must rectify any structural or workmanship defects at no cost to the buyer.
Based on comparable units in Bukit Jalil, serviced apartments typically achieve rental rates of RM2.50 to RM3.50 psf per month. For a 484 sqft Type A1 unit, estimated monthly rental is approximately RM1,200 to RM1,700, giving a gross rental yield of 3.2% to 4.6% per annum at the entry price of RM446,400. Net yield after maintenance fee (—) and property tax would be approximately 2.8% to 4.0%. Use our Rental Yield Calculator on this page to model your own scenarios.
Bukit Jalil has seen consistent capital appreciation driven by: (1) The ongoing KL Wellness City and Sports City developments bringing employment and visitor footfall; (2) Strong rental demand from students at nearby IMU, Asia Pacific University, and INTI International College; (3) Proximity to the Bukit Jalil National Sports Complex which attracts international events year-round; (4) Improving LRT connectivity. However, all property investments carry risk. Past price trends do not guarantee future returns. We recommend consulting a licensed real estate investment adviser before committing.
The maintenance fee for The Meg @ Andaman Island is —. This covers building insurance, common area maintenance, security, landscaping, and building management. For a 484 sqft unit, monthly maintenance is approximately RM213. Maintenance fees are typically paid quarterly in advance and managed by a Joint Management Body (JMB) elected by residents after key collection.
To register your interest or book a unit for The Meg @ Andaman Island, tap the 'Download eBrochure' button on this page to receive the full price list and floor plans via WhatsApp. Our team will guide you through the booking process, which typically involves: (1) Signing a Booking Form and paying a booking fee (usually 3% of purchase price); (2) Signing the Sale and Purchase Agreement (SPA) within 3 months; (3) Arranging a bank loan or internal financing. There is no agent fee — our service is completely free to buyers.
To purchase The Meg @ Andaman Island, you will typically need: (1) NRIC / Passport (for foreigners); (2) Last 3 months payslips; (3) Latest EPF statement; (4) Last 3 months bank statements; (5) Employment letter or business registration (for self-employed buyers). For joint purchases, both purchasers must provide the same documents. Our team can connect you with a panel lawyer and bank to streamline the process at no extra cost.