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Kerjaya Prospek wins RM203.7mil construction contract at Gamuda Cove

TIG Edwin
Publish date: Wed, 02 Sep 2020, 04:18 PM
Daily Update from our analyst

By Stella Goh
 

 

Kerjaya Prospek has secured a RM203.7mil contract awarded by Gamuda to build three blocks of serviced apartments in Kuala Langat, Selangor. This is the fourth contract of KERJAYA in 2020, with a total value of RM1.2bil. Currently, Kerjaya Prospek’s outstanding orders stand at RM3.6bil.

According to the executive chairman of Kerjaya Prospect Datuk Tee Eng Ho, this is the first project they have worked with HKBU. He also stated that their net cash position enables them to undertake more projects and they hope to secure more contracts from these reputable property developers in the near future and substantially grow their outstanding order book.

The proposed project comprises of three blocks, each of the Block A and Block B will encompass 18 storeys of serviced apartments, accommodating 303 units respectively. While Block C will be a 20-storeys apartments consisting of 366 units. The project is part of the Maya Bay Residences at Gamuda Cove and this serviced apartment will take 27 months to complete from the commencement date on 1 September.

 

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