SunCon bags RM581.66 mil job to build civil servant housing in Kelantan

KUALA LUMPUR (Sept 15): Sunway Construction Group Bhd (SunCon) has bagged a construction contract worth RM581.66 million for the construction of 1Malaysia Civil Servants Housing (PPA1M) apartments in Kelantan.

In a filing with Bursa Malaysia yesterday, SunCon said its subsidiary Sunway Construction Sdn Bhd had inked a construction contract with Liziz Standaco Sdn Bhd for the proposed construction and completion of six blocks of 29-storey PPA1M apartments.

The project is for about 30 months from the date of commencement, to be completed by the first quarter of 2020, said SunCon. “The project is expected to contribute positively to the earnings of SunCon Group from the financial year ending Dec 31, 2018 onwards,” said SunCon.

The newest project win brings SunCon’s outstanding order book to date to RM4.7 billion, it said.

This article first appeared in The Edge Financial Daily, on Sept 15, 2017.

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