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Kerjaya Prospek Unit Gets RM291 Mln Contract To Build Luxury Condo Project

Last update: 18/09/2017

KUALA LUMPUR, Sept 18 (Bernama)  -- 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 'The Estate' luxury condominium project worth RM291 million.


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 RM1.16 billion, exceeding this year's initial target of RM800 million.

"With this latest deal, it brings the total outstanding order book of the group to RM3.15 billion," he told reporters after signing the deal for 'The Estate' here today.

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 with gross development value of RM650 million.

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 aspired to build  a 100-year home that offered  timeless appeal, enduring value and the address that the owners would be proud of to pass to the next generation, said Goh.

He  said Kerjaya Prospek adoption of Quality Assessment System in Construction standard was in line with the company's aspirations for the new project.

"I believe the selection of Kerjaya Prospek with such a strong reputation in quality delivery provides an important foundation to achieve this and provides a great deals of confidence as we move forward," he said.

The units' prices start from RM1.8 million to RM5.8 million.

-- BERNAMA