Hunza plans RM7b Penang project

GEORGE TOWN: Hunza Properties Bhd
will submit plans to the local authorities next year for a
mixed-development project in Bayan Baru with a gross development value
(GDV) of RM6bil to RM7bil.
Executive chairman Datuk Khor Teng Tong
told a press conference after the company's AGM that the group had
engaged a couple of architects from Singapore to draw a master plan for
the project sited on over 16.2ha, opposite the Bukit Jambul Complex.
Khor
said the group had just acquired 2ha for the development of 1,000 units
of low-cost homes for the households currently occupying the over
16.2ha site.
“We have initiated steps to obtain approval from the
local authorities to develop the low-cost homes. Once the approval is
obtained, it will take about 18 months to complete the low-cost
project,” he said.
On the Gurney Paragon Mall, Khor said the
second phase of the project would be completed next year-end and would
open in March 2013. The second phase, comprising the corporate
headquarters and shopping mall, was now 50% completed.
“The first phase has been completed with certificate of fitness obtained,” Khor said.

i met with datuk khor bfr [You must be registered and logged in to see this image.]

cannot even spk english well bt very hardworking man