E&O ties up with Japan's Mitsui Fudosan for the third time

Eastern & Oriental Bhd (E&O) recently announced that the company is entering into a joint venture with Japan’s Mitsui Fudosan Co Ltd (Mitsui).

According to a Bursa Malaysia filing on March 20, E&O’s indirect wholly-owned subsidiary Samudra Pelangi Sdn Bhd and Mitsui’s indirect wholly-owned subsidiary Mitsui Fudosan Asia Pte Ltd entered into a shareholders' agreement to jointly develop a luxury highrise project in the heart of Kuala Lumpur city.

E&O's Samudra will hold 51% stake in the joint venture while the remainder will be held by Mitsui. This joint venture marks E&O and Mitsui's third alliance, or their second in terms of residential development. Mitsui is one of Japan's largest property company by operating revenue.

Both parties will develop a 298-unit serviced apartment project on a 5,812 sq m freehold land through landowner Patsawan Properties Sdn Bhd (Patsawan), which in turn is a wholly-owned subsidiary of Samudra.

The land is strategically located at the intersection of Jalan Kia Peng and Jalan Conlay where a double-storey colonial mansion is now seated. The project is within an exclusive residential enclave among diplomatic corps, and the city’s business, retail and cultural districts.

As of end March 2015, Patsawan has already obtained the development order approval for the project from KL City Hall. The development plan consists of two blocks of 30 and 40-storey luxury service apartments.

In 2011, a marketing collaboration was signed for selling E&O's properties to Mitsui’s high-net-worth clientele in Japan. The tie-up led to a 2013 partnership in which the two companies jointly developed the 38-storey, 256-unit The Mews Serviced Residences in Kuala Lumpur City Centre, which has received extremely positive response since its launch.

Japanese buyers was said to have become the second largest segment in E&O's foreign buyer profile.

Rate this item
(2 votes)


  • Chandra
    Chandra Sunday, 05 March 2017 00:45 Comment Link

    Begging to obtain back sweetheart will only push her more away and make it
    harder for you to actually return girlfriend.

  • Zane
    Zane Sunday, 19 February 2017 01:05 Comment Link

    What's up, just wanted to tell you, I liked this
    article. It was helpful. Keep on posting!

  • Crystle
    Crystle Monday, 13 February 2017 15:25 Comment Link

    błonnik pokarmowy (http://www.naturalnyblonnik.pl)

  • Alex
    Alex Monday, 13 February 2017 12:03 Comment Link

    detoks organizmu (http://www.oczyszczanie.net.pl)

  • Beverly
    Beverly Tuesday, 31 January 2017 19:09 Comment Link

    Kategorimizde Pharmaton 30 Kapsül ürününe dikkat çekici indirim fırsatları ile
    sahip olabilir, Pharmaton kapsül ürünlerini fiyatlarına göre karşılaştırarak bütçenize en uygun olan seçeneği kolaylıkla tespit

  • Leila
    Leila Friday, 13 January 2017 17:06 Comment Link

    Hello just wanted to give you a quick heads up.
    The text in your content seem to be running off the screen in Opera.
    I'm not sure if this is a formatting issue or something to do with web browser compatibility but
    I figured I'd post to let you know. The design look great though!
    Hope you get the problem solved soon. Kudos

  • Ahmed
    Ahmed Friday, 13 January 2017 12:57 Comment Link

    Having read this I believed it was extremely enlightening. I appreciate you taking the time and effort to put this content together.

    I once again find myself spending a significant amount of time both reading and posting comments.
    But so what, it was still worthwhile!


Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.


At PTLM, everything we do is with integrity, commitment and innovation as to facilitate information dissemination so that you could make well-informed decision.


Subscribe With Us

Invalid Input

Most Popular

Recent News

Our Gallery