HAILY GROUP SECURES RM52.30 MLN CONTRACT FROM MAH SING'S UNIT
KUALA LUMPUR, Dec 29 (Bernama) -- Construction specialist Haily Group Bhd has bagged a RM52.30 million contract from Meridin East Sdn Bhd via its subsidiary Haily Construction Sdn Bhd to build 283 two-storey terraced houses.
Meridin East is a wholly owned subsidiary of property developer Mah Sing Group Bhd (Mah Sing).
In a statement today, Haily Group said this is the third contract from Mah Sing and the group's biggest since its July 2021 listing.
“With the latest job win, our order book currently comprises 24 ongoing projects with a total contract value of RM593.31 million. The projects are expected to be progressively completed between 2023 and 2024,” Haily Group founder and executive director See Tin Hai said.
The work involves constructing 20 ft x 70 ft houses in Meridin East's Parcel 1C, Mah Sing’s largest integrated township in the Eastern Gateway of Iskandar Malaysia, Johor.
The group is responsible for the building, mechanical and electrical, infrastructure and landscaping works for the entire project.
Under phase one, the group will construct 128 units of double-storey terraced houses, including two show houses involving a contract value of RM23.82 million. Phase two comprises 155 units and has a contract value of RM28.48 million.
Both phases are to be completed within 15 months from their respective commencement dates.
Phase one is expected to commence no later than March 31, 2023 and phase two no later than Sept 30, 2023.
-- BERNAMA
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