KUALA LUMPUR (March 5): Crest Builder Holdings Bhd’s order book has reached a record high of RM1.8 billion after the group bagged a commercial development from Sunway Velocity Three Sdn Bhd for a total contract value of RM448.5 million.

In a statement on Tuesday, the company said its unit Crest Builder Sdn Bhd has accepted a letter of award for the construction of the Sunway Velocity 3 commercial development in Kuala Lumpur.

Sunway Velocity Three was formerly known as Tanda Warisan Sdn Bhd, a member of the Sunway Group.

It said the construction will consist of 1,604 units of serviced apartments in two 60-storey blocks, which also comprise a level of basement car park, 8 levels of elevated car parks, two levels of mezzanine as well as recreation facilities.

Crest Builder said the construction works will take approximately 43 months to complete from its scheduled site possession date of March 15 and targeted to be completed by Oct 14, 2027.

Crest Builder Holdings Berhad group managing director Eric Yong Shang Ming said with the first contract for the year bagged, he was confident the company we will achieve its RM500 million order book replenishment target.