Kerjaya Prospek wins RM442m contract to build condo in Batu Kawan - Business News | The Star Online

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Kerjaya Prospek wins RM442m contract to build condo in Batu Kawan


An artist's impression of Vertu Resort condominium project jointly developed by Aspen Group and IKEA Southeast Asia

An artist's impression of Vertu Resort condominium project jointly developed by Aspen Group and IKEA Southeast Asia

KUALA LUMPUR: Kerjaya Prospek Group Bhd has secured a RM442mil contract to undertake a condominum project in Batu Kawan, near the Second Penang Bridge, from Aspen (Group) Holdings Ltd.

It said on Thursday it will undertake the main building works for the "Vertu Resort" – a  project jointly developed by Aspen Group and IKEA Southeast Asia.

The project consists of five condominium blocks ranging from 20-storeys to 36-storeys consisting of 1,246 condominiums to be built above an eight-storey car park podium with one storey above the car park for community recreational facilities.

Work is expected to start on Sept 4 and due to be completed within 38 months.

This project is Kerjaya’s sixth contract award for the year and brings the year-to-date contract wins to RM868mil and its current outstanding orderbook stands at an impressive RM2.9bil.
 
Aspen is listed on Catalist of the Singapore Exchange Securities Trading Limited.

Vertu Resort is the first high rise urban resort-inspired residential development in Aspen Vision City with resort style facilities and amenities across 200,000 sq ft of space. 

Vertu Resort is also only 350 metres away from the first IKEA store in the northern region of Peninsular Malaysia. It  opened for registration early last year.  The current take up-rate is 75% inclusive of sales and bookings. 

Every unit in Vertu Resort is furnished with move-in condition and also equipped with the kitchen and home appliances by TEKA. 

Corporate News , Property

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