Haily Group Unit Bags RM48.21 Mln Construction Job In Johor

KUALA LUMPUR, Feb 5 (Bernama) -- Haily Group Bhd’s wholly owned subsidiary Haily Construction Sdn Bhd (Haily Construction) has accepted a letter of award from Gunung Impian Development Sdn Bhd for a construction job worth RM48.21 million in Johor.

The contract entails the construction and completion of 113 units of double-storey terrace houses, along with associated infrastructure and landscape works, located in the established township of Taman Impian Emas, Mukim Tebrau, Johor Bahru.

Haily Group founder and executive director See Tin Hai said in statement today that this award reflects the continued confidence developers have in Haily’s ability to deliver high-quality landed residential projects in Johor. 

“Our focus remains on disciplined execution and timely delivery, ensuring we support our clients effectively as they meet the robust housing demand in the region.

“With this latest contract, our cumulative secured contracts now stand at a healthy RM1.30 billion. This provides us with strong earnings visibility over the next few financial years and allows us to be selective in our bidding, focusing on projects that offer the best value and margin stability for the group,” he said.

The construction company said the contract is expected to contribute positively to the group’s earnings and net assets throughout the project duration. 

“This addition brings Haily’s total portfolio to 27 ongoing projects, and to date, the group has successfully completed 115 projects worth RM2.29 billion,” it added.

-- BERNAMA