KUALA LUMPUR: Haily Group Bhd has secured a contract worth RM41.28mil to build resort villas in Iskandar Puteri.
The contract is the group’s largest contract won since its listing on the ACE Market in July 2021.
In a statement, Haily said its wholly-owned subsidiary, Haily Construction Sdn Bhd had accepted a letter of award from DP Architects Sdn Bhd on behalf of Country View Resources Sdn Bhd for the construction of Phase 1 of a Tourist Resort Strata Development located in Aurora Sentral, Pulai, Johor.
The latter is the wholly-owned subsidiary Country View Bhd.
Under the contract, Haily has been entrusted to construct 121 units of 2-storey link villas, a unit of TNB sub-station and one unit of refuse chamber.
The overall duration of the project is 18 months, and the works are expected to be commenced on Jan 28, 2022 and to be completed on July 28, 2023.
Haily executive director See Tin Hai said in the past five months alone, it had bagged seven contracts, including from well-known listed companies such as IOI Properties Group Bhd, Mah Sing Group Bhd and Country View Bhd.
“This is testament to our proven track record and ability to deliver quality construction works as per the requirements of our clients.
“Amidst the uncertainties arising from the Covid-19 pandemic, we are cautiously optimistic of our prospects and the outlook of the construction industry, given the expected recovery for the overall economy this year.
“The group will remain focused on residential building construction, while expanding into industrial building construction,” he said.
Moving forward, Haily’s medium-term strategies include a greater focus on its core competency in Johor’s building construction landscape as well as to expand into other districts in Johor i.e. from Johor Bahru and Kulai districts into other districts in the state.
“In addition, we aim to accelerate our productivity growth and improve the efficiency of our operations through the purchase of new construction machinery as well as contract management and accounting software,” See said.