KUALA LUMPUR: Binastra Corp Bhd
via its wholly-owned subsidiary Binastra Builders Sdn Bhd has secured a contract from HCK Sentral Sdn Bhd, a subsidiary of HCK Capital Group Bhd, for the construction of Phase 1 of Subang Sentral, formerly known as Remix 1, in Subang Jaya, Selangor, for RM316.49mil.
According to a statement issued by Binastra, the previously stalled Remix 1 site faced environmental and structural challenges.
The new signing is expected to accelerate progress, providing relief to more than 2,500 buyers who have been awaiting completion of their purchased units for over a decade.
The mixed development shall be a smart low-carbon city that boosts an international school, a health hub, adult learning centre and a pet-friendly tower.
"We are committed to completing the project without additional costs to purchasers, while enhancing the surrounding area with infrastructure improvements that benefit the community," said HCK Capital executive chairman Tan Sri Clement Hii.
Binastra managing director Datuk Jackson Tan Kak Seng expressed pride at contributing towards the revivial of a long-abandoned development. "The project carries not only commercial significance but also a strong social responsibility, as more than 2,500 homebuyers have waited many years for their homes to be completed," he said.
The letter of award marks Binastra’s second new contract win year-to-date for FY27, bringing its total outstanding order book to RM7.1bil.
