GEORGE TOWN, Oct 27 – Hunza Realty Sdn Bhd director Gee Su Lyn had been announced that the Bayu Nyaman low-cost housing is expected to be completed in February 2016. There were 823 structures on the 42 acre land bought by Hunza and 750 of them had accepted the resettement packaged offered by Hunza.
Gee said 73.4ha plot at Sungai Nibong Kecil and Sungai Nibong Tengah, Bayan Baru was been bought by Hunza six years ago. She said 31 squatters were still undecided while 30 squatters were issued with notices for failing to respond. The remaining 12 have been served with court summonses.
Also present at the topping-out ceremony were Penang Deputy Chief Minister I Datuk Mohd Rashid Hasnon and Hunza Properties Berhad founder Datuk Seri Khor Teng Tong at Bayu Nyaman in Bayan Lepas here on Sunday. Gee said that the RM42,000 unit flat with 690 units measuring about 680sq ft each was the one of the four compensation packages offered for people living in Sungai Nibong Kecil and Sungai Nibong Tengah.
In additional, Hunza Properties Berhad group managing director Khor Siang Gin also said that the cost of building each low-cost unit in Bayu Nyaman was cost around RM100,000 while the cap price of a low-cost house set by the state government was only RM42,000 per unit. He added that to the date, they had also spent about RM100mil in compensation over the resettlement of these squatters.