KUALA LUMPUR (Oct 16): Kerjaya Prospek Group Bhd said today its order book will be boosted by some RM400 million by year-end, contributed by its private arm’s planned RM1.1 billion mixed property development along Old Klang Road here. The project will carry the Courtyard by Marriott brand.

Kerjaya Prospek Group's private arm Kerjaya Prospek Property Sdn Bhd had today signed a memorandum of cooperation (MOC) with Luxury Hotels International Management Company B V, a subsidiary of hospitality company Marriott International.

Kerjaya Prospek Group executive chairman Datuk Tee Eng Ho told reporters after the MOC signing that the RM400 million construction job is expected to be awarded to Kerjaya Prospek Group by year-end. Tee said the project will bring the group closer to achieving its RM1 billion order book target this year, from about RM500 million year-to-date.

He said the group has not seen any slowdown in job flow and maintains its order book target for 2019, at a minimum of RM1 billion.

On the MOC today, Tee said the RM1.1 billion mixed property development will be sited on a 2.1ha (5.2 acre) freehold land.

He said the project will have a gross built-up area of about 3.5 million sq ft, comprising a hotel and four-storey mall, besides office units, serviced apartments and a car park.

The project, slated for completion in 2022, is currently nearing the end of piling works, according to him. — theedgemarkets.com

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