Crest Builder secures RM314.5 mil construction contract from UEM Land

• The company said the project also comprised a level of sub-basement car park, elevated podium car parks, commercial retail and office spaces and a level of recreation facilities.

KUALA LUMPUR (Dec 14): Crest Builder Holdings Bhd’s wholly-owned unit Crest Builder Sdn Bhd has secured a RM314.5 million contract from UEM Land Bhd to construct 1,334 units of serviced apartments in two 53-storey blocks in Cheras, Kuala Lumpur.

In a statement on Thursday, the company said the project also comprised a level of sub-basement car park, elevated podium car parks, commercial retail and office spaces and a level of recreation facilities.

It said that the construction works would take approximately 39 months to complete from its scheduled site possession date of June 1, 2024.

Crest Builder Holdings group managing director Eric Yong Shang Ming said the latest contract elevated its year-to-date replenishment to RM566 million, surpassing the group’s 2023 target of RM500 million.

“We have, in fact, secured over RM1.05 billion contracts in total over the last 12 months upon taking into consideration the RM478.9 million contract from Perdana Parkcity Sdn Bhd in late December last year,” he added.

With the latest award, the group’s outstanding order book stands at about RM1.4 billion, which will provide earnings visibility for the next three years.

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