KUALA LUMPUR: Haily Group Bhd's subsidiary Haily Construction Sdn Bhd has secured a contract valued at RM89.9 million from Mah Sing Group Bhd's subsidiary Venice View Development Sdn Bhd.
According to a filing on Bursa Malaysia, the contract involves the development of 366 double-storey terrace houses, two show units, two Tenaga Nasional Bhd substations and a guardhouse.
Haily said the recent win brings the company's total secured contract value for 2024 to around RM617.31 million, exceeding the RM272.14 million achieved throughout 2023.
"With the addition of this RM89.90 million contract, Haily now has a portfolio of 27 ongoing projects, valued at a cumulative total contract amount of RM1.01 billion," it said.
The company said the projects are anticipated to be progressively completed between 2024 and 2026.
Haily founder and executive director See Tin Hai said the demand for high-quality residential properties in Johor aligns well with the company's vision.
"We are thrilled to work with Mah Sing on this project, which strengthens our presence in Johor's residential construction market," he added.