PETALING JAYA: MGB Bhd
has accepted a letter of award from CI Medini Sdn Bhd for the development of two service apartment buildings in Medini, Iskandar Puteri, Johor Baru, worth RM185.99mil.
In a filing with Bursa Malaysia, the construction and property development firm said the first phase will consist of a 32-storey block comprising 405 apartment units; a multi-storey podium car park and guardhouse.
Construction will commence on Sept 1, 2025 and be completed by Nov 30, 2027.
Meanwhile, the second phase will comprise a 31-storey block comprising 397 apartment units. MGB said construction will take up to 18 months.
“The contract will increase and enhance the existing order book of the company and its group of companies.
“With the contract in hand, the group’s current outstanding order book is of approximately RM1.21bil,” it said.
