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Rakyat Post
2 days ago
- Business
- Rakyat Post
Conlay Signature Suites By E&O Offers Move-In Ready Luxury
Subscribe to our FREE Eastern & Oriental Berhad (E&O), in partnership with Japan's leading real estate company Mitsui Fudosan Group, has officially launched Conlay Signature Suites, the second and final phase of its landmark Conlay development. Comprising the upper deck residences of its landmark luxury development, Conlay by E&O, the launch marks a key milestone towards the project's completion and reflects E&O's ongoing commitment to redefine urban luxury living in Kuala Lumpur's most coveted district. Developed on 1.44 acres of freehold land, the project comprises two phases, with the initial phase titled Conlay Residences and the higher second phase, Conlay Signature Suites. Positioned across the uppermost floors of the 51-storey tower, the Conlay Signature Suites offer discerning buyers a refined collection of 194 residences, with built-ups ranging from 635 to 3,617 square feet, in 1-bedroom to 3+1-bedroom penthouse configurations. Priced between RM1.52 million to RM12 million, each unit is designed to take full advantage of unobstructed city views and golf course views, and is fitted with premium finishes, exclusive fittings, and spacious layouts suited for modern cosmopolitan living. Under a build-and-sell concept, the Conlay Signature Suites are delivered fully furnished and in move-in condition to ensure a seamless ownership experience. Speaking at the launch, Managing Director of E&O Berhad Kok Tuck Cheong said 'The Conlay Signature Suites represent the culmination of our vision for the project, an elevated lifestyle offering, in every sense of the word. This launch affirms our belief that there is still strong appetite in the market for well-located, thoughtfully-designed homes that offer not just quality, but distinction'. Kok Tuck Cheong, Managing Director of E&O Berhad. Crafted by the interntionally acclaimed Kerry Hill architects, in partnership with award winning GDP Architects and with landscape design by Seksan Design, Conlay by E&O has a Gross Development Value (GDV) of RM968 million and combines timeless resort-inspired design with urban sophistication. Kamil Merican, CEO and founder of GDP Architects, when reflecting on what makes this project special said 'You must understand, Kerry Hill was a master of his craft. We've had the pleasure of having collaborated with him on several projects leading up to this and it is a shame he couldn't be around to witness Conlay in all its glory'. Kamil Merican, CEO and Founder of GDP Architects 'To me, it stands as a testament to the great working relationship between our two offices and our mutual respect as fellow architects,' Kamil said. Market response to Conlay by E&O has been encouraging. Todate, Conlay Residences has been fully sold, while the newly introduced Signature Suites has already recorded a 40% take-up since its soft launch in May this year. This reflects sustained demand for well-conceived, high-end residences in Kuala Lumpur's city centre. Mr Mayasoshi Saito, Managing Director of Mitsui Fudosan (Asia) Malaysia said 'We take great pride in joining forces with E&O to bring Conlay to life, a project that exemplifies our shared dedication to delivering sophisticated urban living experiences'. 'This partnership combines Mitsui Fudosan's global vision with E&O's strong heritage in hospitality and design, creating a truly iconic address for discerning buyers in Kuala Lumpur,' he said. Mayasoshi Saito, Managing Director of Mitsui Fudosan (Asia) Malaysia The Conlay by E&O is supported by an extensive suite of lifestyle and wellness facilities spread across levels 11 and 36, including heated infinity pools, gymnasiums, themed communal spaces, a library, billiard and music rooms, and sky dining. A dedicated lifestyle and F&B level on the 50th floor further elevates the living experience. Residents will also enjoy 24-hour on-demand concierge services, which includes access to a personal chef for private dinners, housekeeping, food and newspaper delivery, pre-arrival shopping, car hires, and basic unit maintenance services. Kok added that a premier F&B brand is expected to open on level 50 in the coming months. To reflect E&O's commitment to creating developments that are both luxurious and responsible, this project has received provisional GreenRE Gold certification. The project incorporates extensive sustainability measures throughout its design and construction, including energy-effecient fittings, natural ventilation systems, and environmentally certified materials. Located within easy walking distance from the Conlay MRT station, the development enjoys seamless connectivity measures to Kuala Lumpur's premier shopping and lifestyle precincts including Pavilion Kuala Lumpur, Bukit Bintang, and KLCC. 'Every detail of the Signature Suites is inspired by our commitment to hospitality and craftsmanship. We believe the Conlay Signature Suites will appeal to those seeking both legacy and lifestyle,' Kok said. For more information, please visit Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
The Sun
7 days ago
- Business
- The Sun
E&O launches Conlay Signature Suites, optimistic on foreign demand for luxury residences
KUALA LUMPUR: Eastern & Oriental Bhd (E&O) is banking on sustained demand for luxury residences among foreign buyers, with more than 70% of its landmark Conlay by E&O development already taken up by international purchasers, led by investors from Taiwan, China, Singapore, Japan and Western countries. The Conlay Signature Suites, the upper-tier second phase of Conlay by E&O, has recorded a take-up rate of 40% since its soft launch in May, with overall project sales reaching about 76%. E&O managing director Kok Tuck Cheong said the group remains optimistic about the resilience of the luxury property segment, especially in the Kuala Lumpur City Centre (KLCC) area, where discerning buyers continue to prioritise quality, location and service over price. 'Projects like Conlay are not driven by cost alone. Buyers in this segment are looking at quality, location and architectural identity, and we have delivered that,' he said at the official launch of Conlay Signature Suites today. The premium freehold development, located near the Conlay MRT station and the KLCC, has seen strong market traction despite global economic headwinds and Malaysia's evolving property market. He added that international buyers see Kuala Lumpur as undervalued compared to other regional capitals. 'Our buyers, especially from East Asia and Europe, view KL as offering excellent value for lifestyle property. With our collaboration with Mitsui Fudosan, we are giving them both luxury and legacy,' Kok said. The 491-unit project, developed in collaboration with Japan's Mitsui Fudosan Group, sits on 1.44 acres of freehold land and has a gross development value of RM968 million. Unit prices in the Signature Suites range from RM1.52 million to RM12 million, offered fully furnished under a build-and-sell concept. While Conlay Signature Suites nears completion, Kok revealed that E&O is preparing to launch a development in Elmina, on the outskirts of Kuala Lumpur in the fourth quarter of this year. This marks the company's ongoing push into affluent growth corridors beyond the city core. The Elmina development will reflect what we have learned from Conlay Signature Suites; it won't just be about square footage, but lifestyle integration. We're observing the evolving demand patterns,' he said. When asked about landbank expansion, Kok said E&O remains open to acquiring new plots but stopped short of disclosing specific locations or land size. 'We're selective. It's not about how much land we have but where it is and what we can do with it.' The move to Elmina reflects a broader trend among developers repositioning themselves in Klang Valley's high-growth outer ring, amid rising land and construction costs in the city centre. Touching on policy issues such as the Foreign Source Income Tax and the change in the Overnight Policy Rate, Kok said current E&O projects are unaffected due to fixed-price, opt-in contracts. 'Any changes in tax policy will ultimately affect the entire value chain, including end buyers. But for Conlay and our ongoing projects, we're not impacted.' Kok acknowledged that building Conlay was particularly challenging due to its architectural demands. The contractor, KPI Prospect, had to undertake meticulous coordination to deliver the iconic design envisioned by Kerry Hill Architects and GDP Architects. 'The structure is deceptively simple, but technically complex. We had to coordinate precision detailing, from facade fins to interior finishes, and we're proud of the result,' Kok explained. E&O faces stiff competition in the luxury high-rise segment, particularly in the KLCC precinct. However, the group believes Conlay Signature Suites's design pedigree, wellness-driven amenities, and full-service offerings have helped it stand out. The Signature Suites range from 635 sq ft to 3,617 sq ft, featuring facilities such as sky dining, music rooms, wellness floors, a heated infinity pool, and 24-hour concierge services, including a personal chef. The development has secured provisional GreenRE Gold certification for sustainability. 'This building will be a landmark not just architecturally, but as a symbol of urban resort living in the heart of Kuala Lumpur,' Kok said. As the group moves towards launching its Elmina project and explores future opportunities, E&O appears set to retain its niche in delivering high-end, lifestyle-driven developments for both local and international buyers.
New Straits Times
7 days ago
- Business
- New Straits Times
E&O shrugs off SST hike, sets sights on upscale expansion
KUALA LUMPUR: Eastern & Oriental Bhd (E&O) has assured that its current property developments, including the newly launched Conlay Signature Suites, will not be affected by the revised Sales and Services Tax (SST), although future projects will inevitably factor in the higher tax regime. Managing director Kok Tuck Cheong said all of the group's current developments, including the newly launched Conlay Signature Suites, were sold under fixed-price contracts before the SST revision and therefore remain unaffected. "SST is going to affect everyone in business. Ultimately, end-users and consumers will share some of the burden," Kok said at the launch of Conlay Signature Suites here today. He added that while future developments will be guided by updated government policies, E&O's focus on the luxury market means its customers are driven more by quality than by price. While acknowledging that SST may create cost pressures across the broader property market, Kok noted that E&O operates in a niche, premium segment where buyers in the premium segment prioritise distinctive architecture, thoughtful layouts, refined finishes, and exclusive amenities. "For signature projects like ours, price is not the key factor. Buyers in this segment are discerning; they look for quality finishes, iconic architecture, well-considered layouts, and lifestyle-driven amenities. These are what captivate buyers in this demographic." Despite broader concerns over the rising cost of construction and potential pressure on margins, Kok remained confident in the company's position, citing strong demand for design-led, high-end residences – even amid global economic uncertainties and geopolitical tensions. Located at the intersection of Jalan Kia Peng and Jalan Conlay, Conlay Signature Suites is a joint development with Japan's Mitsui Fudosan. It is the final phase of E&O's landmark luxury development, Conlay. Conlay is a 51-storey luxury serviced apartment with a total of 491 units, first launched in 2019. Conlay Signature Suites is positioned on the upper floors of the tower, featuring 194 fully furnished freehold units ranging from 635 sq ft to 3,617 sq ft. Prices start at RM1.52 million and reach up to RM12 million for the largest penthouse units. "Every detail of the Signature Suites reflects our deep commitment to hospitality and craftsmanship. We believe this offering will resonate with those seeking both a legacy address and a lifestyle investment," Kok said. He noted that E&O's focus remains on delivering distinctive, high-end developments, such as Conlay Signature Suites, and its upcoming project in Elmina, located on the fringe of the Kuala Lumpur city boundary, which is scheduled to be unveiled in the fourth quarter of this year. "The next project will be a headline-grabbing one," Kok teased, without revealing further details. Looking ahead, Kok believes Malaysia's steady economic fundamentals and growing appetite for premium properties will continue to support E&O's strategy. "We remain positive because our projects are designed to meet the expectations of our target buyers. Even Malaysians today are increasingly willing to pay for distinctive designs and iconic structures," Kok said.
The Star
28-05-2025
- Business
- The Star
E&O's FY25 net profit surges to RM169mil
E&O managing director Kok Tuck Cheong. KUALA LUMPUR: Eastern and Oriental Bhd 's (E&O) net profit jumped to RM168.65mil in its financial year ended March 31, (FY25) from the previous year's RM133.60mil. Revenue increased by 75.3% to RM741.08mil from RM422.83mil in FY24. In a statement yesterday, E&O said the performance was driven by strong sales from its properties segment, which contributed RM630.5mil in revenue, an increase of 102% year-on-year (y-o-y), equivalent to 85.1% of the group's total revenue. 'Additionally, joint-venture projects such as Conlay, The Peak, and Avira Garden Terraces contributed RM428.9mil in revenue, marking a 61.5% increase. 'On an aggregate basis, the total revenue generated by the properties segment, including joint ventures, reached RM1.06bil,' it said. For the fourth quarter ended March 31 (4Q25), the group's net profit rose to RM69.84mil from RM36.47mil in the same quarter last year, while revenue jumped to RM236.65mil from RM121.32mil previously. E&O managing director Kok Tuck Cheong said the group's performance reflects the impact of its strategic direction and focus on sustainable growth. 'At Andaman Island in Penang, we have five ongoing projects with an estimated gross development value of RM2.7bil. 'Furthermore, we have plans to launch four developments comprising a mix of residential and retail properties strategically located on Penang Island and Klang Valley,' he said. During a virtual press conference held in conjunction with the company's FY25 results announcement, Kok said the group aims to realise RM1.5bil in property sales between FY26 and FY29. To date, the property development company has RM1.5bil in unbilled sales. Kok noted that the sales projection is supported by its development projects located in the Klang Valley, Johor Baru, and Penang. 'The total gross development value (GDV) for our project called The Meg, located at Andaman Island, Penang, amounts to RM691mil and is expected to be completed in April 2026. 'Our next projects, which are expected to be completed next year, are the Senna and Fera homes, also located in Penang,' he said, adding that the GDV for the 69 units of three-storey homes on 1.60ha is estimated at around RM280mil. Kok also noted that the group will not solely focus on the Penang market and intends to expand its business to other locations as well. He said the group is constantly on the lookout for potential land acquisitions, with most current opportunities coming in the form of pocket developments. 'We are also exercising a bit more caution, as we have already established this primary segment of our strategic direction and want to maintain that focus,' he added. — Bernama
The Star
28-05-2025
- Business
- The Star
Strong sales revenue lifts E&O's 4Q net profit to RM69.85mil
KUALA LUMPUR: Driven by a strong performance in its properties segment, Eastern & Oriental Bhd (E&O) has ended the financial year 2025 (FY25) on a high note. The property developer posted a net profit of RM69.85mil in the fourth quarter ended March 31, 2025 (4QFY25), nearly double the net profit of RM36.48mil in the year-ago quarter. This lifted earnings per share to 2.81 sen as compared to 1.87 sen in 4QFY24. Revenue in the quarter under review leapt to RM236.66mil from RM121.33mil in the comparative quarter. Over the full financial year, E&O reported a cumulative net profit of RM168.65mil against a net profit of RM133.61mil in FY24, while revenue jumped to RM741.08mil from RM422.83mil in the previous year. According to the group, the positive performance was largely driven by the strong sales from the properties segment, which registered a revenue expansion of 102% year-on-year to RM630.5mil, equivalent to 85.1% of the group's total revenue. Additionally, joint venture projects such as Conlay, The Peak, and Avira Garden Terraces contributed RM428.9mil in revenue, marking a 61.5% increase. On an aggregate basis, the total revenue generated by the properties segment, including joint ventures, reached RM1.06 billion. E&O managing director Kok Tuck Cheong said the performance reflects the impact of the group's strategic direction and focus on sustainable growth. He noted there are five ongoing projects on Andaman Island with an estimated gross development value of RM2.7bil. He added there are plans to launch four developments comprising a mix of residential and retail properties strategically located on Penang Island and Klang Valley. "The group remains committed to delivering high-quality developments that cater to the expectations of discerning homebuyers and investors, while enhancing community living and driving long-term value creation,' he said.
