Kerjaya Prospek Group bags RM139m construction contract

PETALING JAYA (July 30): Kerjaya Prospek Group Bhd has secured a construction contract worth RM139 million for a landed residential construction project in Damansara Heights, Kuala Lumpur.

In a media statement today, the group said it has received the Letter of Award from Damansara Peak Sdn Bhd, an indirect subsidiary company of Eastern & Oriental Bhd (E&O).

The award involves the construction and completion of substructure works, main building works and all associated external works for a proposed 54-unit, 3-storey villa located at Damansara Heights.

This is the fourth contract secured by Kerjaya Prospek which brought the company’s year-to-date contract wins to RM523.5 million. Kerja Prospek’s total outstanding order book is around RM3.4 billion.

“We are delighted to secure another contract from E&O this year where all the contracts are undertaken at arm’s length basis based on normal commercial terms,” said Kerjaya Prospek non-independent non-executive chairman, Datuk Tee Eng Ho.

He is also the executive chairman and indirect major shareholder of E&O.

The duration of the project will take 36 months, with construction works to commence on Sept 1, 2021.

“This contract is expected to provide an additional stream of revenue for Kerjaya over the next three years and will further enhance our outstanding order book,” Tee said. 

He also added that the tendering process for some projects have been affected due to the current pandemic but assures that the group will continue to pursue good quality projects when the economy gradually improves.

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