Turnaround development

Latest landmark: An artist’s impression of The Meg. To kick off Andaman, E&O will be launching The Meg, a high-rise residential development featuring two blocks of serviced apartments.

Eastern & Oriental Bhd (E&O), which has not had any significant property launches in a while, is kicking off the year with a much-hyped development that could help turn the company around.

The property developer, best known for its Seri Tanjung Pinang (STP) masterplan development in Penang, hopes to replicate the success of that venture with an integrated township project called Andaman.