PETALING JAYA: Haily Group Bhd
has won a second contract worth RM17.5mil from Meridin East Sdn Bhd in less than a year to build 108 landed residences for its largest township in the Eastern Gateway of Iskandar Malaysia.
Meridin East is a wholly-owned subsidiary of Mah Sing Group Bhd.
In a statement, Haily said its wholly-owned subsidiary Haily Construction Sdn Bhd had, on Sept 7, 2022, accepted a letter of award (LoA) from Meridin East for the construction of Parcel 2H3 of the Meridin East township.
The LoA entails the construction of 108 units of double-storey terrace houses in Plentong, Johor.
The construction project will take 16 months, with the commencement date to be advised by the project’s superintending officer.
It added that the contract is a “firm price contract” and shall not be subjected to any fluctuation in costs other than variations sanctioned under the conditions of contract.
The first contract won by Haily from Mah Sing, in October 2021, was worth RM24.5mil. It entailed the construction of 155 double-storey terrace houses for the Meridin East township.
Following the latest contract, it has increased the value of its total ongoing projects to RM578.12mil and they are expected to be progressively completed between 2022 and 2024.
