Construction services company, Tuju Setia Berhad has secured RM189 million worth of main building works for a high-rise construction project in Seri Kembangan, Selangor.
Tuju Setia’s wholly owned subsidiary PTS will undertake main building construction works under Package 1 of One Equine.
This project was awarded by Enso Development Sdn Bhd, a joint venture company of Beverly Group (Q) Sdn Bhd and Surbana Jurong Capital (Enso Q) Pte Ltd.
The project comprises a 35-storey block of 865 SoHo units and a 33-storey block with 526 units of serviced apartments, related facilities, and amenities, as well as a multi-storey podium carpark. The development in Seri Kembangan is in an up-and-coming development belt with close proximity to Cyberjaya and Putrajaya.
Wee Eng Kong, Managing Director of Tuju Setia Berhad said, “We take pride in being entrusted by a notable international client for their high-rise development, and adding another reputable developer to our list of customers. Not only that, but the new contract also reflects the positive upturn of Malaysia’s property market, particularly projects that are supported by easy accessibility, innovative concepts and a large catchment population.
With this new win, our order book is now at RM1.14 billion from RM953.1 million previously.
In striving to be the builder of choice, we hope to maintain this momentum and continue to secure projects to further fortify our standing in the construction industry.”
The duration of the project is 38 months, with construction works scheduled to commence in June 2021. The project is expected to contribute positively towards the earnings of Tuju Setia till the financial years ending 31 December 2024.
Apart from One Equine, Tuju Setia’s ongoing projects include Mutiara Central Office Suites (Cheras), Riana Dutamas – Phase 2 (Segambut), The Pulse Residence (Bandar Puteri Puchong), PPAM Sofiya Residensi (Desa ParkCity), Emerald Hills – Phases 3 and 4 (Cheras), TUAI Residence (Setia Alam), 121 Residences (Petaling Jaya) and the Kajang Women and Children Hospital.
