Binastra Secures RM132 Mln Piling Works Contract In Johor
KUALA LUMPUR, Aug 21 (Bernama) -- Binastra Corporation Bhd’s wholly owned subsidiary Binastra Builders Sdn Bhd has accepted a contract worth RM132.0 million from Exsim Lumba Kuda Sdn Bhd for a property development project in Johor.
In a statement today, the group said the contract entails earthworks, piling, pile cap, and diaphragm wall works for a proposed 63-storey serviced apartment development, Causewayz Square @ JBCC, in Johor Bahru, comprising a total of 4,525 units across four residential towers.
It added that the construction is scheduled to begin on Sept 2, 2025, and is targeted for completion within 16 months.
Binastra Corporation managing director Datuk Jackson Tan Kak Seng said that to date, the group had secured four contract awards in Johor Bahru, comprising two main building works and two substructure and piling works across three major property developments, with a total value of RM628.8 million.
He added that the group was also actively exploring opportunities to participate in the related main building works, which, if successful, would collectively deliver over 11,000 residential units, inclusive of future phases launch.
“This will further underscore Binastra’s strong capabilities in meeting the strong housing demand in the southern region,” Tan said.
With this latest win, Binastra’s year-to-date contract awards have reached RM1.5 billion, lifting its total outstanding order book to RM4.5 billion.
-- BERNAMA