Tanjung Tokong apartment to be built in 2013

Construction of the first phase of the Tanjong Tokong apartments in Penang is expected to begin early next year with completion by end-2014, said UDA Holdings Bhd Chairman Datuk Nur Jazlan Tan Sri Mohamed.

"It will involve the construction of nine apartment blocks eight to 10 storeys high with a total of 550 residential units which will be given to the area's original residents," Nur Jazlan told reporters here today.

Nur Jazlan said the company is evaluating the tenders to choose the eligible developer for the project, adding: "Over 20 companies are vying for the project tender, we hope the selection process goes smoothly, and we will announce the decision in two or three weeks."

The redevelopment of the Tajung Tokong area, at an estimated cost of RM165 million, involves the construction in two phases of 1,000 residential units for its original residents.

"Construction of phase two, comprising 650 residential units, will begin after phase one is fully completed," he said.