“This contract, which is among Haily's largest to date and the fifth major job clinched by the group this year, brings the total contract value of its ongoing projects to RM697.51mil,” the construction company said in a statement.
Haily’s wholly-owned subsidiary, Haily Construction Sdn Bhd, had accepted a letter of award from Meridin East for the construction of 327 units of double-storey terrace houses and two Tenaga Nasional Bhd (TNB) substations in Johor Bahru.
The two TNB substations and the houses, each measuring 20’ x 70,’ will be located in Parcel 2G of the Meridin East township at Taman Bestari Perdana, Plentong, Johor Bahru.
Haily's contract involves Parcel 2G1 and Parcel 2G2, with 157 units and one TNB substation to be built in Parcel 2G1, while the remaining 170 units and one TNB substation will be built in Parcel 2G2.
The contract is scheduled to be completed within 15 months from the respective commencement dates of Parcel 2G1 and Parcel 2G2, which will be determined later.
Haily founder and executive director See Tin Hai said: “We are honoured to secure another contract from Mah Sing Group, one of Malaysia's prominent real estate developers. Notably, Meridin East is Mah Sing's largest mixed township development, with a total land size of 1,313 acres. We are proud to be part of this project.”
“So far this year, we have secured total contracts worth RM272.15mil, which has far exceeded what we secured for the entirety of 2022. We aim to continue building on this momentum by securing more high-value projects,” he added.