E&O to launch more projects in Penang soon

PETALING JAYA: Eastern & Oriental Bhd (E&O) intends to launch more projects in Penang in the near future, spurred by strong response to the group’s “The Meg” development.

The property developer said the high take-up rate achieved of more than 80% for The Meg since it started previewing in January 2022 reflected the strategic location of Andaman Island, Penang, and its ability to deliver the right product for the market.