KUALA LUMPUR: Kerjaya Prospek Group Bhd ’s unit, Kerjaya Prospek ( M) Sdn Bhd, has received a letter of award from Bon Estates Sdn Bhd as the main contractor for 1.49-hectare (ha) The Estate luxury condominium project worth RM291mil.
Its group executive chairman Datuk Tee Eng Ho said the project marked the seventh contract award for the group this year bringing the year-to-date contract wins to RM1.16bil, exceeding this year’s initial target of RM800mil.
“With this latest deal, it brings the total outstanding order book of the group to RM3.15bil,” he told reporters after signing the deal for The Estate here yesterday.
He said the company, which has used industrialised building system since 2010, would use it for all its high-rise buildings, including The Estate project.
The system has proven to be able to reduce errors, cut down on labour costs as well as cash purchases of building materials. he said.
Tee said despite a tough year for construction companies due to subdued property market this year with the right location and product the market was still seen encouraging. He said next year would be better for the construction and property sectors after years of challenges.
Meanwhile, Bon Estates managing director Goh Soo Sing said the project, located in South Bangsar, would comprise two 46-storey towers with a total of 328 units of luxury condominiums and a gross development value of RM650mil.
He said for the project the company had chosen Kerjaya Prospek as it was capable to satisfy its costing, timeline and quality goals.
With The Estate, Bon Estate aspires to build a 100-year home that offers timeless appeal, enduring value and the address that the owners would be proud of to pass to the next generation, said Goh.— Bernama