The Lume at Andaman — Luxury Freehold Residences in Penang by E&OThe Premier
Island Living

TheLume at Andaman luxury residences are priced from RM 2.2 million to RM 3.9 million, depending on the unit type, layout, and floor level. The 49-storey tower contains 261 freehold units with built-up areas ranging from 1,722 sq ft to 2,874 sq ft, offering 3-bedroom and 4-bedroom configurations. Smaller Type A units (1,722 sq ft, 3 bedrooms) sit at the lower end of the range, while the larger Type D units (2,874 sq ft, 4+1 bedrooms) on higher floors command premium pricing. At an average price per square foot of approximately RM 1,200 to RM 1,400, TheLume is positioned in the ultra-luxury segment for Penang. The development is located on Andaman Island within the Seri Tanjung Pinang masterplan in Tanjung Tokong, Penang, developed by Eastern & Oriental Berhad (E&O). Early-bird incentives and progressive payment schemes may be available — contact the sales gallery for the latest pricing and availability.

TheLume at Andaman is a freehold property. All 261 luxury residences carry freehold tenure, meaning ownership is held in perpetuity with no expiry date — unlike leasehold titles in Malaysia, which typically run for 99 years and can depreciate in value as the lease shortens. Freehold status is particularly significant in Penang, where new freehold land on the island is increasingly scarce due to limited supply and state policies that favour leasehold releases. Within the Seri Tanjung Pinang masterplan, freehold titles add long-term capital preservation advantages for both owner-occupiers and investors. For foreign buyers, freehold tenure also simplifies resale and inheritance planning, as there is no lease renewal process to navigate. TheLume is one of the few remaining new-launch freehold luxury developments on Penang's north coast, making its land title a distinctive selling point in the current market.

TheLume is developed by Eastern & Oriental Berhad (E&O), one of Malaysia's most established luxury property developers with a track record spanning over 30 years. E&O is publicly listed on Bursa Malaysia and is best known for its flagship Seri Tanjung Pinang (STP) waterfront masterplan in Penang — a 740-acre integrated coastal development that has been transforming Tanjung Tokong since the early 2000s. The company's portfolio also includes the St Mary Residences and The Mews in Kuala Lumpur, as well as luxury developments in Johor's Medini Iskandar zone. E&O has built a reputation for premium build quality, thoughtful masterplanning, and resort-inspired lifestyle concepts. TheLume at Andaman sits within Phase 2 of the STP masterplan on Andaman Island, continuing E&O's vision of creating a world-class waterfront community on Penang's north coast. The developer's commitment to sustainability is reflected in TheLume's GreenRE Platinum certification.

TheLume is located on Andaman Island within the Seri Tanjung Pinang (STP) masterplan in Tanjung Tokong, on the north coast of Penang Island, Malaysia. Andaman Island is a 760-acre reclaimed island forming Phase 2 of E&O's STP development, connected to the Penang mainland coast by a dedicated bridge. The location places residents approximately 5 minutes from Straits Quay Marina Mall, 10 minutes from Gurney Drive and Gurney Plaza, and 15 minutes from George Town's UNESCO World Heritage core zone. Penang International Airport is roughly 40 minutes away via the Tun Dr Lim Chong Eu Expressway. The surrounding Tanjung Tokong area offers established amenities including international schools such as Dalat International School, medical facilities like Gleneagles Penang and Loh Guan Lye Specialists Centre, and major retail centres. TheLume's north-facing orientation on Andaman Island provides unobstructed views of the Andaman Sea and the Penang coastline.

Yes, foreigners can purchase TheLume condominiums. Under Penang's state guidelines, foreign buyers are permitted to acquire strata-titled residential properties priced at or above RM 1 million. Since TheLume's pricing starts at RM 2.2 million, all units comfortably exceed this threshold, making every unit eligible for foreign ownership without requiring special exemptions. The development is also well-suited for participants of the Malaysia My Second Home (MM2H) programme, which grants a long-term renewable visa to qualifying foreign nationals. For Singaporean buyers in particular, Penang offers attractive value compared to Singapore property prices, with no Additional Buyer's Stamp Duty (ABSD) equivalent in Malaysia, though foreign buyers do pay a slightly higher stamp duty rate. TheLume's freehold tenure further simplifies cross-border ownership, as there is no lease expiry to manage. Prospective international buyers should engage a Malaysian lawyer to handle the state consent process, which typically takes 3 to 6 months for foreign purchasers.

TheLume at Andaman features resort-style amenities spread across multiple levels of its 49-storey tower and surrounding grounds. The crown jewel is the Level 49 Sky Terrace, which sits approximately 170 metres above sea level and offers 360-degree panoramic views of the Andaman Sea, Penang Bridge, and the island's hillside. Recreational facilities include an infinity-edge swimming pool, a fully equipped gymnasium, landscaped tropical gardens, a children's play area, and dedicated barbecue pavilions for social gatherings. Security is comprehensive, with 24-hour guard patrols, CCTV surveillance, and a card-access entry system throughout the building. The development holds GreenRE Platinum certification — the highest tier in Malaysia's green building rating for real estate — reflecting its energy-efficient design, rainwater harvesting systems, and low-VOC material specifications. Residents also benefit from the broader Seri Tanjung Pinang masterplan amenities, including waterfront promenades, retail outlets, and marina access at nearby Straits Quay.

TheLume offers 261 exclusive freehold units across four distinct layouts within its 49-storey tower. Type A provides 3 bedrooms and 2 bathrooms in 1,722 sq ft, designed as an efficient family layout. Type B expands to 3+1 bedrooms and 3 bathrooms across 2,098 sq ft, adding a flexible study or guest room. Type C offers 4 bedrooms and 3 bathrooms in 2,474 sq ft, suited for larger families seeking generous living and dining areas. Type D is the flagship layout at 4+1 bedrooms and 4 bathrooms spanning 2,874 sq ft, delivering a penthouse-grade living experience with a private utility room. All units feature floor-to-ceiling windows that maximise natural light and frame sea-facing views of the Andaman Sea. Standard finishes include premium imported marble flooring in living areas, branded kitchen appliances, and VRV air-conditioning systems. Each unit comes with at least two dedicated car park bays, with larger units allocated three bays.