Sunway bags RM243.69 mil commercial building contract

KUALA LUMPUR (June 5): Sunway Bhd’s subsidiary Sunway Construction Sdn Bhd (SunCon) has bagged a construction contract worth RM243.69 million to construct a commercial building in Bandar Sunway.

In a filing with Bursa Malaysia yesterday, Sunway said SunCon accepted the Letter of Award from SA Architects Sdn Bhd for the proposed development.

The development comprises a three-storey car park, a three-storey retail space for 46 shop units, a four-storey office space of 228 units, another four-storey retail space, a block of 27-storey serviced apartment comprising 318 units and five levels of a podium car park.

SunCon is a subsidiary of Sunway Construction Group Bhd, which in turn is a subsidiary of Sunway.

Sunway said the project will be divided into two zones.

“It shall commence on June 25, 2015 with completion date for Zone 1 and Zone 2 due on Feb 28, 2017 and March 31, 2018 respectively.

“The project is expected to contribute positively to the earnings of Sunway from financial year ending Dec 31, 2015,” it said.

This article first appeared in The Edge Financial Daily, on June 5, 2015.