Latest news with #KerjayaProspek(M)SdnBhd
The Star
08-05-2025
- Business
- The Star
Kerjaya Prospek bags RM162mil contract in JB
From left: Ta Wee Dher, executive director of Majestic Gen; Datuk Hoo Kim See, CEO; Tee Eng Tiong, CEO and executive director of Kerjaya Prospek Group; and Chia Sow Teck, senior contract manager of Kerjaya Prospek (M) Sdn Bhd. PETALING JAYA: Kerjaya Prospek Bhd's wholly-owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, has secured an award from Majestic Gen Sdn Bhd for building contract works in Johor Baru (JB) for RM162mil. In a stock exchange filing, the group said the job involves main building works for a 47-storey serviced apartment comprising 732 units and nine levels of podium parking. The development also includes one level of basement parking, mechanical and electrical (M&E) facilities, an additional level with parking, M&E facilities and a commercial unit, as well as three levels of recreational facilities. The deal, its first contract win in Johor this year, will commence on Aug 1, 2025, and is expected to be completed within 36 months. The project is anticipated to provide an additional stream of revenue for the group over the next three years.
The Star
08-05-2025
- Business
- The Star
Kerjaya Prospek unit bags JB construction works for RM162mil
From left: Ta Wee Dher, executive director of Majestic Gen; Datuk Hoo Kim See, CEO; Tee Eng Tiong, CEO and executive director of Kerjaya Prospek Group; and Chia Sow Teck, senior contract manager of Kerjaya Prospek (M) Sdn Bhd KUALA LUMPUR: Kerjaya Prospek Bhd's wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd has secured an award from Majestic Gen Sdn Bhd for building contract works in Johor Bahru for RM162mil. The group said in a stock exchange filing the job entails the main building works of a 47-storey service apartment with 732 units and nine level so fpdoum parking. The development also includes one level of basement parking and mechanical and electrical (M&E) facilities, one level of parking and M&E facilities with one commercial unit and three levels of recreational facilities. The contract will commence on Aug 1, 2025, and be completed within 36 months. It is expected to provide an additional stream of revenue for the group over the next three years. "We are honoured to be entrusted with the construction of Majestic Gen's maiden project in Johor, which also represents our first contract win in the state for 2025. "Geographically, our focus remains on three growth regions, namely Klang Valley, Penang and Johor, where we see strong demand and vibrant development activities continue to shape the future of urban living," said Kerjaya Prospek CEO and executive director Tee Eng Tiong in a statement. According to Tee, the group's year-to-date new contract wins have reached RM870.3mil, putting it on track to achieving its RM1.6bil target for the year. He added that total outstanding order book stands at RM4.6bil, providing healthy earnings visibility and solid foundation for continued growth over the next four financial years.
New Straits Times
08-05-2025
- Business
- New Straits Times
Kerjaya Prospek secures RM162mil Johor contract for 47-storey project
KUALA LUMPUR: Kerjaya Prospek Group Bhd's subsidiary Kerjaya Prospek (M) Sdn Bhd has secured a RM162 million building contract in Johor Baru from Majestic Gen Sdn Bhd, its first contract win in the state for 2025. The contract involves main building works for Gen Rise, a 47-storey transit-oriented serviced apartment development located near the customs, immigration and quarantine (CIQ) and Bukit Chagar rapid transit system (RTS). The project comprises a single block with 732 units, nine levels of podium parking and other supporting facilities, amongst others. Construction, scheduled to commence on Aug 1 this year, is expected to be completed within 36 months. Kerjaya chief executive officer and executive director Tee Eng Tiong said the company's focus remains on three growth regions, namely Klang Valley, Penang and Johor, where strong demand and vibrant development activities continue to shape the future of urban living. "With this latest job, our year-to-date new contract wins have reached RM870.3 million, placing us well on track to achieve our RM1.6 billion target for the year. "Total outstanding order book now stands at RM4.6 billion, providing healthy earnings visibility and solid foundation for continued growth over the next four financial years," he said in a statement. Majestic Gen chief executive officer Datuk Hoo Kim See expressed confidence that the collaboration will further strengthen market trust in the company's ongoing and upcoming developments, which have a combined estimated gross development value of RM3.7 billion.
