KUALA LUMPUR (Aug 25): Johor-based construction outfit Haily Group Bhd (KL:HAILY) said on Monday that it has secured a RM50.08 million subcontract for the construction and completion of a residential development in Gelang Patah, Johor.

The project, known as Laman Citra Phase 3, involves the construction of 136 double-storey terrace houses — comprising 91 units and 45 units — along with a Tenaga Nasional Bhd (KL:TENAGA) double-chamber substation at Jalan Ulu Choh, Gelang Patah.

The contract was awarded to Haily’s wholly owned subsidiary Haily Construction Sdn Bhd from Mandy Corp Sdn Bhd, the main contractor appointed by the developer of the project Splendid Pavilion Sdn Bhd.

Mandy Corp and Splendid Pavilion are wholly owned subsidiaries of Main Market-listed Gadang Holdings Bhd (KL:GADANG).

The scope of the subcontract work includes main building works, external works, and mechanical and electrical (M&E) services. The project has a fixed contract period of 20 months and is scheduled for completion by April 26, 2027.

The subcontract works are set to commence on Aug 27, 2025.

Haily founder and executive director See Tin Hai said the award underscores confidence in the group’s capability to deliver quality residential projects.

"We are proud to continue strengthening our track record in Johor, and this project aligns with our strategy to support the state’s growing demand for quality housing,” he said.

With this latest win, Haily said its total secured contract value for 2025 has risen to RM68.11 million. The group currently has 25 ongoing projects with a cumulative contract value of approximately RM1.05 billion.

Shares in Haily closed unchanged at 24.5 sen on Monday, valuing the company at RM84.6 million. The stock has fallen 20% year-to-date.