Crest Builder bags RM233.3 mil serviced apartment job in Bukit Jalil

• The project, located at Lot 104295, Jalan Tiara in Taman Mutiara Bukit Jalil, was awarded by Sunway Flora Sdn Bhd.

KUALA LUMPUR (June 24): Crest Builder Holdings Bhd (KL:CRESBLD) has secured a RM233.3 million contract to build two blocks of serviced apartments in Taman Mutiara Bukit Jalil, Kuala Lumpur.

In a bourse filing on Tuesday, it said the 36-month contract was awarded by Sunway Flora Sdn Bhd, a member of the Sunway group, to its subsidiary Crest Builder Sdn Bhd.

This new job boosts Crest Builder ’s total outstanding order book to about RM1.7 billion, keeping it busy for the next four years, the group said.

“This marks our second contract from the Sunway group following last year’s Sunway Velocity 3 project," said Crest Builder's group managing director Eric Yong Shang Ming.

Crest Builder’s largest shareholder is SC Yong Holdings Sdn Bhd—a private entity owned by the Yong family.

The company is primarily involved in construction and property development as well as mechanical and electrical engineering services and project management, according to the company’s website.

Shares of Crest Builder Holdings closed up by half a sen or 0.89% at 57 sen at the midday break on Tuesday, giving the company a market capitalisation of RM118.7 million.

Does Malaysia have what it takes to become a Blue Zone, marked by health and longevity? Download a copy of EdgeProp’s Blueprint for Wellness to check out townships that are paving the path towards that.