KUALA LUMPUR: Kerjaya Prospek Group Bhd's subsidiary, Kerjaya Prospek (M) Sdn Bhd, has bagged a contract to build a 57-storey building in Batu, Kuala Lumpur worth RM292.8 million for Mega Legacy (M) Sdn Bhd, a subsidiary of UEM Sunrise Bhd.
The building features a 1,126 residential units and an eight-level podium parking structure, amongst others.
Construction is scheduled to commence on Sept 17 with a completion timeline of 38 months.
Kerjaya chief executive officer and executive director Tee Eng Tiong said the new contract elevates cumulative year-to-date contract value to RM1.5 billion and strengthens Kerjaya's total outstanding order book to approximately RM4.7 billion.
He said it would contribute positively to the group over the next three years.
"This project adds significant value to our ongoing collaboration with UEM Sunrise, with whom we are currently engaged in two other residential developments."Our continued partnership with them underscores our capability and reliability to deliver on high-quality projects, further solidifying our position as a preferred contractor in the industry," Tee added.
Kerjaya Prospek's share price closed unchanged at RM1.81 a share at midday, giving it a market capitalisation of RM2.3 billion.