Crest Builder gets RM314.5mil serviced apartment project

PETALING JAYA: Crest Builder Holdings Bhd has accepted a letter of award from UEM Sunrise Bhd worth RM314.5mil for the construction of 1,334 units of serviced apartments in two 53-storey blocks, in Cheras, Kuala Lumpur.

In a filing with Bursa Malaysia, Crest Builder said the project will also consist of a level of sub-basement car park, elevated podium car parks, commercial retail and office spaces and a level of recreation facilities.

“The construction works will take approximately 39 months to complete from its scheduled site possession date of June 1, 2024.

Crest Builder’s outstanding order book stands at about RM1.4bil, which will provide earnings visibility for the next three years.