Ker­jaya Prospek unit wins RM291mil con­tract to build con­dos

The Star Malaysia - StarBiz - - News -

KUALA LUMPUR: Ker­jaya Prospek Group Bhd’s unit, Ker­jaya Prospek ( M) Sdn Bhd, has re­ceived a let­ter of award from Bon Es­tates Sdn Bhd as the main con­trac­tor for 1.49-hectare (ha) The Es­tate lux­ury con­do­minium project worth RM291mil.

Its group ex­ec­u­tive chair­man Datuk Tee Eng Ho said the project marked the sev­enth con­tract award for the group this year bring­ing the year-to-date con­tract wins to RM1.16bil, ex­ceed­ing this year’s ini­tial target of RM800mil.

“With this lat­est deal, it brings the to­tal out­stand­ing or­der book of the group to RM3.15bil,” he told re­porters after sign­ing the deal for The Es­tate here yes­ter­day.

He said the com­pany, which has used in­dus­tri­alised build­ing sys­tem since 2010, would use it for all its high-rise build­ings, in­clud­ing The Es­tate project.

The sys­tem has proven to be able to re­duce er­rors, cut down on labour costs as well as cash pur­chases of build­ing ma­te­ri­als. he said.

Tee said de­spite a tough year for con­struc­tion com­pa­nies due to sub­dued prop­erty mar­ket this year with the right lo­ca­tion and prod­uct the mar­ket was still seen en­cour­ag­ing. He said next year would be bet­ter for the con­struc­tion and prop­erty sec­tors after years of chal­lenges.

Mean­while, Bon Es­tates man­ag­ing di­rec­tor Goh Soo Sing said the project, lo­cated in South Bangsar, would com­prise two 46-storey tow­ers with a to­tal of 328 units of lux­ury con­do­mini­ums and a gross de­vel­op­ment value of RM650mil.

He said for the project the com­pany had cho­sen Ker­jaya Prospek as it was ca­pa­ble to sat­isfy its cost­ing, time­line and qual­ity goals.

With The Es­tate, Bon Es­tate as­pires to build a 100-year home that of­fers time­less ap­peal, en­dur­ing value and the ad­dress that the own­ers would be proud of to pass to the next gen­er­a­tion, said Goh.— Ber­nama

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