Eastern & Oriental Berhad
The Meg
Andaman Island, off Gurney Drive
From
POA
Tenure
freehold
Title
residential
Total Units
1020
Completion
2026
- From
- —
- PSF
- —
- Tenure
- freehold
- Total units
- 1020
- Status
- completed
- Completion
- 2026
Zac’s Take
Zac Ong
The Meg is E&O's sea-fronting high-rise on Andaman Island — sister product to Maris, but vertical rather than mid-rise, and positioned as the more aspirational view-led play within STP2. Verdict: worth visiting if you specifically want a high-floor sea-fronting unit with E&O finishing on a long-cycle capital story. Not the right buy for someone who wants liquidity in 3-5 years. Location specifics: same STP2 catchment as Maris — Straits Quay marina walking distance, Tenby International and Uplands schools nearby, Gleneagles and Island Hospital within 7km, Gurney Plaza about 3km. Same car-dependent address profile. Developer track record: E&O Berhad — Penang's most consistent luxury delivery name (Quayside, Andaman, Ariza, 18 East). The build-quality assumption is fair; what's less proven is how quickly STP2's tower density absorbs without softening upper-floor PSF. Unit configuration sweet spot: the higher-floor sea-fronting 3-bedroom is the unit that defines this project — anything pool-deck-facing or low-floor sea-blocked is a hard pass at this PSF. View must be confirmed in person, not on artist's impression. Target buyer: HK/SG investor seeking STP2 trophy exposure with long hold horizon; MM2H buyer wanting a sea-fronting Andaman address; Penang upgrader trading out of Gurney high-rise stock. Not for: yield investor (PSF doesn't support strong gross); own-stay family who'd be happier in landed STP. Genuine concern: 'sea-fronting' on a master-plan with multiple towers means future towers can block your view. Mitigation: ask the agent for the STP2 tower-massing plan and confirm in writing which future plots could obstruct your line of sight before you commit.
The Meg unit types
| Type | Config | Size (sqft) | Units | Car parks |
|---|---|---|---|---|
| 1BR | 1BR | 567 | — | — |
| 2BR | 2BR | 600–750 | — | — |
| 3BR | 3BR | 800–897 | — | — |
| Total | — | |||
Building specifications
- Blocks
- 2
- Floors
- 34
- Total units
- 1,020
Facilities
What's nearby
🏥 Healthcare
- Gleneagles Medical Centre Penang2.0km
🛍 Shopping
- Gurney Plaza1.5km
- Gurney Paragon Mall1.8km
Monthly Instalment Calculator
Monthly Instalment
RM 4,039
Total Interest
RM 796,437
Total Outlay
RM 1,796,437
Tanjung Tokong — area snapshot
Full area guide →Tanjung Tokong is Penang Island's most active condo market, anchored by Straits Quay and home to a mix of expat and local upgrader demand. Low-density and ultra-luxury projects command significant premiums here.
Price range
RM 300K – RM 6.7M
asking prices in area
Active projects
2
selling or under construction
Subsale condos
24
completed projects
Total tracked
28
properties in this area
Total Cost Breakdown
Every cost you'll pay — stamp duty, legal fees, loan documentation, foreign levy. Real Penang numbers, not generic Malaysia estimates.
| Downpayment | RM 100,000 |
| SPA stamp duty | RM 24,000 |
| SPA legal fee | RM 11,250 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 24,000 |
| Loan stamp duty (0.5%) | RM 4,500 |
| Loan agreement legal fee | RM 4,500 |
| Valuation fee | RM 2,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 171,250 |
New launch — typical developer savings
Toggle what the developer is absorbing. Confirm the actual package before signing.
Net upfront (after savings)
Based on typical 2026 new launch package
Estimates based on 2026 Penang state rules. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →
Frequently asked questions
How much is The Meg at Andaman Island per square foot?
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Who is the developer of The Meg Penang?
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When will The Meg Penang be completed?
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Is The Meg suitable for foreign buyers?
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What is the difference between The Meg and Maris by E&O?
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Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.
From
POA
The Meg