Latest news with #TaWeeDher
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.
The Star
29-04-2025
- Business
- The Star
Sunway Property, Majestic Gen launch Yahya Awal mega project
From left: Sunway Property managing director Mr Chung Soo Kiong, Majestic Gen executive director Mr Ta Wee Dher, Sunway Property chief executive officer Mr Gerard Soosay and Majestic Gen director Mr Kee Ju Hun breaking ground in Yahya Awal. MASTER community developer Sunway Property and Majestic Gen broke ground on a new RM4bil mixed-use development in Yahya Awal, Johor Baru. The ceremony was officiated by Sunway Property managing director Chung Soo Kiong, Sunway Property chief executive officer Gerard Soosay, Majestic Gen executive director Ta Wee Dher and Majestic Gen director Kee Ju Hun. Sitting atop a 6.2ha (15.5 acres) land, the joint venture project features serviced apartments and retail outlets complemented by a host of food and beverage (F&B) offerings, lifestyle amenities as well as an education and wellness hub. Its first phase will be launched in Q3 2025 with more than 1,000 Small Office/Home Office (SOHO) units. Strategically located within the vicinity of the Customs, Immigration and Quarantine (CIQ) Complex and the future Rapid Transit System (RTS) Link, the development is well-positioned to serve the residents, local community, Malaysia-Singapore commuters and Singaporean investors. The iconic project is set to redefine the city centre; fueling Sunway Property's expansion and growth across the Southern Region. Surrounded by key amenities including the Hutan Bandar Johor Baru (Johor Baru City Council Forest), two top-performing schools – SJK (C) Foon Yew 2 and SMK Sultan Ismail – as well as public and private hospitals, the development offers excellent accessibility and promotes vibrant city-centre liveability. 'As Johor Baru evolves into a prominent economic hub, this project sets a new benchmark for integrated city living where smart design, seamless connectivity and natural elements come together. 'Aligned with our vision to create safe, sustainable and connected communities, we are leveraging the prime location next to the 20.2ha (50 acres) Hutan Bandar Johor Baru, seamlessly integrating our mixed-use development with this essential green lung, fostering harmony between urban living and nature. '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',' said Gerard. 'We are honoured to announce our strategic partnership with Sunway Property, a leader in sustainable urban development, on this landmark inaugural project. 'This collaboration marks a pivotal milestone for Majestic Gen, representing not only our first joint venture with Sunway, but also one of the largest undertakings in our company's portfolio, with an estimated development value of RM4bil,' said Ta. This Yahya Awal development aligns and ratchets up Sunway Property's strategy to establish a strong foothold in Johor's city centre while driving growth along key strategic corridors. Recently, Sunway signed a RM2.6bil Bukit Chagar Transit-Oriented Development (TOD) with MRT Corp. '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. 'This reinforces our confidence in Johor's long-term growth, supplementing the Johor-Singapore Special Economic Zone (JS-SEZ) initiative,' Gerard added.
