Haily Group Berhad has bagged an RM52.30 million contract from Meridin East Sdn. Bhd, a wholly-owned subsidiary of Mah Sing Group Berhad (“Mah Sing”) to build 283 two-storey terrace houses. The project, which is the third contract from Mah Sing, is also the Group’s biggest contract since its listing in July 2021.
The Group’s wholly-owned subsidiary, Haily Construction Sdn Bhd, received a Letter of Award from Meridin East Sdn Bhd for the construction of 283 units of 20’ x 70’ landed homes in Parcel 1C of the Meridin East township. Meridin East is Mah Sing’s largest integrated township in the Eastern Gateway of Iskandar Malaysia.
The contract involves two phases of construction, of which under Phase 1, Haily will construct a total of 128 units of double-storey terrace houses (including two Show Houses) and under Phase 2, the Group will construct a total of 155 units double-storey terrace houses. Phase 1 carries a contract value of RM23.82 million, while Phase 2 carries a contract value of RM28.48 million.
Both phases are to be completed within 15 months from their respective dates of commencement. Phase 1 is expected to commence no later than 31 March 2023 while Phase 2 is expected to commence no later than 30 September 2023
Since December last year, the Group had successfully bagged several key contracts, putting it at the forefront among Johor’s top contractors. These include a RM41.28 million contract from Country View Resources Sdn Bhd for the construction of 121 units of 2-storey link villas under Phase 1 of a Tourist Resort Strata Development located in Aurora Sentral, Pulai, Johor, and a RM40.67 million contract from Austin Senibong Development Sdn Bhd to build 99 units of three-storey shop offices in Tebrau, Johor.
