Hunza Properties Bhd’s RM400mil Gurney Paragon shopping mall in Penang will be ready in 2012.
Group executive chairman Datuk Khor Teng Tong said they had engaged the London-based DTZ group to provide consultancy to Gurney Paragon.
DTZ was also the consultant for the KLCC shopping mall in Kuala Lumpur.
“We plan to lease out 400 retail lots in the mall which has approximately one million sq ft in built-up area and about 700,000sq ft of rentable area,” he said.
He said Gurney Paragon’s East and West Towers condominium project would be completed next year.
Khor said this after handing the keys to the buyers of its luxurious condominium project — Infinity — in Tanjung Bungah.
He said the group spent about RM900,000 for a crib-wall to reinforce and beautify Sungai Kelian that flows through the Infinity project.
“Effective micro-organism mud balls were thrown into the river to clean it up,” he said, adding that some 30,000 mud balls were thrown into the river, and about RM30,000 was spent on the exercise.
Khor said the group had sold about 80% or over RM200mil of the Infinity project, which had a gross sales value of about RM250mil.
“About 60% of the buyers are foreigners,” he said.
The Infinity condominium has 119 units with built-up areas ranging between 3,800sq ft to 11,000sq ft, priced between RM1.8mil to RM6.5mil.
“There are four three-plex penthouses, each with its private pool,” he added. - By David Tan (The Star)