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Kerjaya Prospek accepts RM258m building contract in Johor

KUALA LUMPUR: Kerjaya Prospek Group Bhd’s unit has accepted a letter of award for a RM258mil residential project in Plentong, Johor from Teguh Harian Build-Tech Sdn Bhd.

In a statement on Thursday, it said Kerjaya Prospek (M) Sdn Bhd secured the contract for the main building works for the project which covers the construction of main building works for three blocks of apartment.

The project includes common area and mechanical & electrical facilities, and a 12-storey podium carpark consisting of carpark and M&E facilities.

Construction is expected to start on Nov 1 and it will take 36 months to complete.

This is Kerjaya’s sixth contract win for this year bringing its year-to-date contract wins to RM907.60mil. Kerjaya’s current outstanding order book of RM3.60bil which will provide the group with earning visibility for the next three years.

Kerjaya CEO Tee Eng Tiong said due to the group’s expertise and good reputation in building good quality high-rise building, it won its first contract from Teguh Harian Build-Tech to build the apartments.

Tee said amid the challenging environment caused by the Covid-19 pandemic, the group managed to secure RM907.6mil worth of contracts so far this year.

“We are confident to continue to win more contracts for the rest of the year and achieve our internal order book replenishment target of RM1bil for 2021.

“With the country achieving more than 90% vaccination rate for its adult population and the gradual opening of our economy, we foresee a better outlook for the construction industry going forward,” he added.

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