Subscribe in a reader | Subscribe by Email This is what the developer for Kg Tokong is doing:
Hilmi said although the number of families had risen from an initial 300-odd families to around 800 families, UDA Holdings was still willing to compensate them, noting that it was now processing some 200 new applications for compensation.
He said UDA was offering temporary occupancy licence (TOL) holders a 850-sq ft three-room apartment together with moving cost to the transit homes, while their extended families are being offered a 750-sq ft apartment unit.
“Those renting units in the village are also being offered a 45% discount to purchase the apartment units,” he said.
UDA Holdings managing director Datuk Jaafar Abu Hassan hopes to conclude discussions with all the affected 833 families by December, adding that it will start work on the project by the first quarter of next year.
“Almost 90% of the affected families have agreed in principle with our compensation packages.
“ We are confident we can conclude talks with the rest of them soon,” he said.
UDA Holdings plans to build low and medium-cost flats, apartments, condominiums and commercial buildings with a gross sales value of between RM800mil and RM1bil on a 9.6ha site in the village.
Jaafar said the project, to be conducted over four phases, would begin with the first phase, and would involve the relocation of 235 families.
“So far, 174 families have moved into transit homes that we built for them. “We are in the midst of building another 80 units of transit homes for the remaining families,” he said.
I’m not sure if the residents there are into animal rearing as in Kg Buah Pala, so maybe no issue on relocation of farms.
It looks to me the developer for Kg Tokong offered a good deal for the residents – apartment for TOL owners AND the extended families. If each apartment is about RM45,000, that will be RM37.485 million. For Kg Buah Pala, the deals was good too – a 1200 sqft double storey house, but only for the TOL holders. One more difference is that for Kg Tokong, the residents have been provided transit homes while waiting for the project to complete.Whereas in Kg Buah Pala, a nominal sum was offered as relocation cost. Even those renting houses in Kg Tokong are given 45% discount to buy the apartments later.
Its worthy to note that the two projects are of different nature- Kg Tokong to have a mixed development project while Kg Buah Pala to be an exclusive condominium project.
In terms of developers, UDA Holdings is well established company, while Nusmetro has lots of unanswered questions.
