Bayu Serenia forms part of ongoing development within Serenia City, a major township in the southern Klang Valley corridor envisioned as the “Garden City of KLIA”, featuring residential, commercial, and industrial precincts focused on liveability, sustainability, and connectivity.
The contract, awarded to its wholly-owned subsidiary Crest Builder Sdn Bhd, encompasses reinforced concrete construction up to Level 6 for three blocks of service apartments and a six-storey podium.
The new Wisma KePKAS, with an estimated development cost of RM70 million, will be located at Jalan Wisma Budaya, on a site measuring approximately 1.
Ibtec is a 7,290-acre master-planned township envisioned as Southeast Asia’s first circular city, integrating advanced industries with low-carbon, sustainable living.
The share disposal comes as CMSB grapples with weaker financial performance.
“MBAM commends the government’s proactive measures in Budget 2026, which prioritises key infrastructure projects and underscores the critical role of the construction sector in driving Malaysia’s socio-economic development, particularly in transportation and housing.
The funds may also be used to finance projects, investments and asset acquisitions, as well as cover related fees and expenses, according to its filing with Bursa Malaysia on Wednesday.
Advancecon said its wholly-owned subsidiary, Advancecon Infra Sdn Bhd, was awarded RM7 million following proceedings administered by the Asian International Arbitration Centre.
The shares will be issued at 41.
Construction firms could benefit from promised public works, while property developers may gain from housing initiatives tied to job creation.
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