Haily Lands Property Deal In Johor For RM37.85 Million

Haily Group Berhad has won an RM37.85 million contract to build commercial properties for the Crest@Austin development in Johor Bahru. With this latest award, Haily’s total contract value has increased to RM631.16 million.

Haily’s wholly-owned subsidiary, Haily Construction Sdn Bhd, received a Letter of Award from RDC Arkitek Sdn Bhd, the architect appointed by Austin Senibong Development Sdn Bhd for the construction of 77 units of three-storey shop offices and 3 units of Tenaga Nasional Berhad (“TNB”) sub-stations. The shop offices, each measuring 22’ x 75’, will be located at Bandar Jaya Putra in Mukim of Tebrau, District of Johor Bahru.

Construction for Section 1 in respect of the piling works will commence on 1 February 2023 and is scheduled to be completed in 2 months’ time from date of commencement for Section 1. Construction for Section 2 in respect of the balance of works shall commence within 3 months from the date of completion for Section 1 and is scheduled to be completed within 16 months from the date of commencement for Section 2.

Earlier in December 2021, Haily had won an RM40.67 million contract from Austin Senibong to construct 99 units of three-storey shop offices for a different phase of commercial development within the Crest@Austin project.

Haily made its debut on the ACE Market of Bursa Malaysia Securities on 21 July 2021. The Group is principally a main contractor involved in constructing residential and non-residential buildings in the Southern Region of Peninsular Malaysia, particularly Johor. It also provides construction machinery for rental purposes.

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