Hunza Properties Sdn. Bhd. was incorporated in Malaysia on April 27, 1998 under the Companies Act, 1965 as a private limited company. On October 21, 1998, the Company assumed its present name - Hunza Properties Berhad (“HPB”) upon its conversion into a public limited company. On March 23, 2000, HPB was successfully listed on the Main Market of the Main Market of the Bursa Malaysia Securities Berhad (“Bursa”). On April 8, 2016, HPB was removed from the Official List of Bursa upon the completion of Selective Capital Reduction Exercise undertaken. Please click on links below for details of approval obtained from the shareholders of HPB at the Extraordinary General Meeting and delisting of HPB from the Official List of Bursa.
HPB Group was formed under the leadership of Dato' Seri Khor Teng Tong, a well established and reputable property developer in the Northern Region who has over 35 years of experience in the property development sector. Our core businesses include property development, property investment, and construction. The Group has established itself, particularly in Northern Region of Malaysia, as a reputable developer of high rise residential units of a wide range of low to high end apartments, condominiums as well as gated communities and townships. Other notable development projects include multi-storey commercial shoplots cum office units, wet market and joint development of furniture park with a Federal government agency, PERDA. HPB Group has completed projects worth more than RM1 billion in turnover, comprising approximately 10,000 units of residential and industrial properties historically. Our two latest projects - Infinity and Gurney Paragon Super Condominiums with only 339 units in total for sale, have a combined GDV of RM700+ million; this reflects the transformation of HPB to high-end market. Our current Alila2 (270 units) has an anticipated Gross Development Value of approximately RM600 million.
The completion of Gurney Paragon lifestyle shopping mall along with an office tower in Gurney Drive, Penang in mid 2013 has transformed Hunza from a property developer to that of a real estate landlord as well.
HPB's support base includes land banks of approximately 350 acres located in Bertam, Seberang Perai Utara, 300 acres located in Sungai Petani, Kedah (Bayu Development), 40 acres located in Juru, Seberang Perai Tengah and 6 acres in Segambut, Wilayah Persekutuan. For the 43+ acres land in Bayan Baru, the Group plans to develop it into a “multi-billion integrated development” which is in tandem with the state government’s vision to turn Penang into an international city.
HPB's reputation, exemplary record and solid presence in the market is the culmination of years of uncompromising high quality standards and services. We believe in customer service and product quality as key drivers in achieving customer satisfaction. We take pride in our stylish design, superior workmanship, timely delivery and strong safety records - evident in the many development projects we have undertaken. Guided by our corporate mission to excel in our chosen market, HPB's quality product comes with affordable pricing at all levels of our projects, be they low, medium cost or high-end super condominiums. Throughout the years of involvement in this industry, we are always within reach to ensure that the interest of our purchasers are well taken care of as well as to enable prompt after sales service. In addition, we procure our building materials direct from manufacturers, thereby securing materials at best prices. But more importantly, we obtain direct professional services and technical support from these manufacturers.
Our basic philosophy with regards to “outside” is simple – our customers come first. We eat, live and breathe “customer satisfaction”. Internally, we put faith in professional management. All our managers process either professional qualification or have tertiary education.
Our commitment together with the efforts of our team and the support of our customers are the keys to HPB's successes. Guided by our corporate mission and RIGHT (Reliability, Integrity, Greatness, Human Development and Teamwork) core values, HPB is confident on building upon this in the new millennium.
HPB has a healthy financial structure over the years. Since IPO in year 2000, Hunza has recorded steady growth, with consistent dividend to shareholders. Hunza @ IPO (March 2000) was a RM80 million enterprise. Through hard and smart work, focusing on our corporate mission and guided by our Core RIGHT values, resulting in continuous growth, NTA is now more than half a billion ringgit.