KUALA LUMPUR (Jan 10): Haily Group Bhd has won a RM37.85 million contract to build commercial properties for the Crest@Austin development in Johor Bahru.
The construction specialist said its wholly-owned unit Haily Construction Sdn Bhd accepted the letter of award from RDC Arkitek Sdn Bhd.
RDC Arkitek is the architect appointed by Austin Senibong Development Sdn Bhd for the construction of 77 units of three-storey shop offices at Bandar Jaya Putra in Tebrau district.
Construction for the first section involving piling works will commence on Feb 1 and is scheduled to be completed within two months, said Haily.
Meanwhile, construction for the remaining works will commence within three months from then, and scheduled to be completed in 16 months
With this latest job win, Haily’s orderbook comprises 25 ongoing projects with a total contract value of RM631.16 million, its founder and executive director See Tin Hai said in the statement.
The ongoing projects are expected to be progressively completed between 2023 and 2024, he said.
Haily’s share price closed unchanged at 36.5 sen on Tuesday (Jan 10), valuing the group at RM65.09 million.