E&O Property presents low medium cost unit to owners

A total of 87 eligible home buyers took part in a balloting process at the Selasih Court low-medium cost (LMC) flats built by E&O Property (Penang) at Seri Tanjung Pinang (STP) in Tanjong Tokong, George Town.

On hand to witness the balloting ceremony was Penang Chief Minister Lim Guan Eng and Deputy Chief Minister 1 Datuk Mohd Rashid Hasnon accompanied by State Housing and Town & Country Planning Committee Chairman Jagdeep Singh Deo.

A total of 644 units were built with 100 units being retained by E&O to be sold at RM72,500, the prescribed price for LMCs as determined by the Penang State government.

The balance of 544 units have been taken up by UDA Holdings Berhad and are slated for temporary relocation of squatters from the Tanjung Tokong area.

Lim watering a tree seedling after the balloting ceremony.

“I would like to congratulate E&O for successfully completing another low-medium cost housing project for the lower income group.

“E&O has not only fulfilled its obligation as stipulated by the Concession Agreement for Seri Tanjung Pinang by building a total of 1,193 units of affordable homes but also went well beyond that by building an extra 142 units within the master planned development,” said Lim.

Also present at the ceremony were Bukit Bendera MP Zairil Khir Johari, Pulau Tikus assemblywoman Yap Soo Huey, E&O managing director Kok Tuck Cheong and E&O Director of Group Corporate Strategy Lyn Chai.

Kok explained that the Selasih Court is the second tranche of low-medium cost flats built by E&O Property at STP.

“Nipah Court and Palm Court are the first tranche of low-medium cost units launched in 2009,” he added.

Penang Chief Minister Lim Guan Eng (third from left) witnessing the balloting of the unit.

The strategic location of Selasih Court at E&O’s seafront master planned STP Phase 1 development affords residents the convenience of having a Tesco Hypermarket nearby in addition to amenities within the LMC project such as a children’s playground, free parking bays and a community hall.

Residents will also stand to enjoy the recreational use of the four-acre Straits Garden public park as well as the water fronting public promenade all within the proximity of their homes.