Latest news with #MajesticGen
Independent Singapore
11-05-2025
- Business
- Independent Singapore
Sunway Property and Majestic Gen break ground on RM4 billion Johor project near CIQ and RTS link
Photo: Sunway City Iskandar Puteri MALAYSIA: Sunway Property and Majestic Gen officially broke ground on a RM 4 billion (S$1.21 billion) mixed-use project in Yahya Awal, Johor Bahru. New Straits Times reported that the project covers 15.5 acres and will include serviced apartments and retail spaces. The first phase will offer more than 1,000 Small Office/Home Office (SOHO) units and is set to launch in the third quarter of 2025. The groundbreaking ceremony was officiated by Sunway Property managing director Chung Soo Kiong, Sunway Property CEO Gerard Soosay, Majestic Gen executive director Ta Wee Dher, and director Kee Ju Hun. The site is located close to the Customs, Immigration and Quarantine (CIQ) Complex and the upcoming Rapid Transit System (RTS) Link, which is expected to attract interest from both local buyers and Singaporean investors. Mr Soosay said the project sets a new benchmark for integrated city living in Johor. He added, 'We're proud to play a role in transforming the city landscape, in line with Sunway Property's commitment to long-term value, active placemaking and our brand promise of being 'With You For Generations'.' Sunway recently partnered with MRT Corp for the RM2.6 billion Bukit Chagar Transit-Oriented Development (TOD). 'With these two projects, we have anchored our developments near the checkpoints in Johor Baru and by the Second Link via the 809ha (2000 acres) Sunway City Iskandar Puteri, contributing to Johor Baru's transformation into an international gateway city,' Mr Soosay said. Meanwhile, Mr Ta described the collaboration as a 'pivotal milestone' for Majestic Gen. He noted this project is not only the company's first joint venture with Sunway but also one of the largest undertakings in its portfolio. /TISG Read also: Why Sunway City Iskandar Puteri's homes sold out in 2 hours while Forest City struggles
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 Sun
08-05-2025
- Business
- The Sun
Kerjaya Prospek, Majestic Gen in RM162m Johor deal
KUALA LUMPUR: Construction company Kerjaya Prospek Group Bhd's wholly owned subsidiary Kerjaya Prospek (M) Sdn Bhd has accepted a letter of award from Majestic Gen Sdn Bhd for a building contract worth RM162 million in Johor Bahru. The contract entails main building works for Gen Rise, a 47-storey transit-oriented serviced apartment development 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. Construction, scheduled to commence on Aug 1, is expected to be completed within 36 months. Kerjaya Prospek CEO and executive director Tee Eng Tiong said the construction of Majestic Gen's is the company's maiden project in Johor and its 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. 'With this latest RM162 million 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,' he said in a statement. Tee said the total outstanding order book now stands at RM4.6 billion, providing healthy earnings visibility and a solid foundation for continued growth over the next four financial years. Majestic Gen CEO Datuk Hoo Kim See said the company had appointed Kerjaya Prospek, a reputable construction firm, to build Gen Rise – its first project in Johor. 'This is a truly momentous occasion for both companies as we aim to deliver quality and sustainable products to our esteemed buyers. 'We hope that this collaboration will further boost the market's confidence in our current and future developments with an estimated GDV of RM3.7 billion,' he said.
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
07-05-2025
- Business
- New Straits Times
Sunway Property and Majestic Gen break ground on RM4bil Johor project
KUALA LUMPUR: Sunway Property and Majestic Gen have officially broken ground on a landmark RM4 billion mixed-use development in Yahya Awal, Johor Bahru. The groundbreaking ceremony was officiated by Sunway Property managing director Chung Soo Kiong, chief executive officer Gerard Soosay, Majestic Gen executive director Ta Wee Dher, and director Kee Ju Hun. Spanning 15.5 acres, the joint venture project will feature a combination of serviced apartments and retail spaces. Its first phase, set for launch in the third quarter of 2025, will introduce over 1,000 Small Office/Home Office (SOHO) units to the market. Strategically located near the Customs, Immigration and Quarantine (CIQ) Complex and the upcoming Rapid Transit System (RTS) Link, the development is poised to attract both local buyers and Singaporean investors seeking high-potential urban assets. In a statement, Gerard said the development reflects Johor Bahru's emergence as a key economic centre and showcases a new standard for integrated urban living. "We're proud to play a role in transforming the city landscape, in line with Sunway Property's commitment to long-term value," he said. The Yahya Awal project is part of Sunway Property's broader strategy to strengthen its presence in Johor Bahru's city centre and key growth corridors. This follows its recent RM2.6 billion partnership with MRT Corp for the Bukit Chagar Transit-Oriented Development (TOD). "With these two projects, we have anchored our developments near the checkpoints in Johor Bahru and by the Second Link via the 2,000-acre Sunway City Iskandar Puteri, contributing to Johor Bahru's transformation into an international gateway city. "This reinforces our confidence in Johor's long-term growth, supplementing the JohorSingapore Special Economic Zone (JS-SEZ) initiative," Gerard added Meanwhile, Ta described the partnership as a significant milestone for the company. This marks the company's first collaboration with Sunway Property and one of the most ambitious projects in its portfolio, he said.
