KUALA LUMPUR (Oct 15): HCK Capital Group Bhd (KL:HCK) is kicking off construction of the first phase of its RM1.8 billion e.Sentral SmartCity development in Shah Alam, Selangor, by awarding a RM220 million construction contract to Alphazen Contract Sdn Bhd.

The entire 10-acre mixed-use development, which is touted to combine smart-living technology with direct access to nature, is located in Damansara West, HCK Capital’s bourse filing showed on Thursday (Oct 15).

Incorporated in 1996, Alphazen has completed over 13,500 units across residential, commercial and hospitality developments, including Residensi Bintang @ Bukit Jalil and Mercu Jalil @ PPAM Bukit Jalil.

The company is wholly owned by Alphazen Group Sdn Bhd, which is in turn owned by Chong Mong Tet (35%), Yong Kok Shiang (35%), Yeong Yip Poh (15%) and Chong Ernest (15%). The job represents the group’s first smart city development.

Perbadanan Kemajuan Negeri Selangor (PKNS) holds a 30% stake in the smart city project, while HCK Capital holds the remainder 70%.

HCK Capital first announced the launch and groundbreaking ceremony for the project in August 2024.

HCK Capital’s shares price closed down one sen or 0.47% to RM2.13, giving the group a market capitalisation of RM1.36 billion.