Eastern & Oriental Berhad is looking forward to an exciting year ahead after seeing positive response to its recent launches.

“Our strong brand and proven track record has helped with successes achieved at our recent property launches. New launches in June-August 2009 namely the St Mary Residences in Kuala Lumpur and Seri Tanjung Pinang’s seafront terraces and serviced residences, achieved at least 80 percent take-up rates within a few weeks of their soft launch,” said Dato’ Terry Tham, managing director of E&O Berhad.

Seri Tanjung Pinang seafront homes set a new price benchmark of RM1.1 million on average for its category in Penang. The demand for direct seafront terrace homes was so good that they had to be balloted with the highest price recorded at RM2.1 million.

Meanwhile, E&O’s upcoming launches will be St Mary Residences Tower A in early October followed by the phase 1 launch of Seri Tanjung Pinang Condominiums later in the month.

For the first quarter of the financial year ending 31 March 2010, the group has registered an after tax profit of RM5.7 million on the back of a revenue of RM73.9 million