Hunza plans overseas roadshows for RM600mil Penang condo project

Hunza Properties Bhd will embark on a series of overseas roadshows to market its luxurious low-density RM600mil Alila 2 condominium project in Tanjung Bungah.

Group managing director Khor Siang Gin told StarBiz the group would promote the 9.8-acre project in Indonesia, Hong Kong, and Singapore early next year.

“The key attractions are the size of the 270 units which have built up of between 1,900 sq ft and 3,300 sq ft at the starting price tag of RM775 per sq ft.

“Condominiums with such built-up areas are extremely scarce on the island nowadays.

“There are also three acres of untouched hill land which have allocated as open space for recreational activities within the development.

“We also spent RM12mil to landscape the project,” he added.

Khor said the group had submitted Alila 2 for the Green Building Index certification.

So far, 30% of Alila 2 has been sold.

Going forward, Hunza would soon get the completion and compliance certificate for the 690 units of low-cost houses that would be used for compensating squatters affected by a mixed development project in Bayan Baru.

“We are developing a RM10bil mixed development scheme on 43 acres that would include a hotel, shopping mall, a business process outsourcing centre, and a hospital.

“The project will take 10 to 15 years to develop,” he added.

In Bertam, Kepala Batas, the group planned to launch 250 semi-detached houses and zero-lot bungalows for the first phase on 80 acres next year.

“We are planning to build 786 units of zero-lot bungalows, terraced properties, and low-cost high rises in the second and third phases.

“After the implementation of these projects, the group will have a further 270 acres of undeveloped land bank in Bertam.

“We have recently sold 30% of the 232 terraced units launched in October,” he said. - By David Tan (The Star)

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