Crest Builder Holdings Berhad has accepted a Letter of Award from Sunway Velocity Three Sdn Bhd for a total contract value of RM448.5 million for the construction of the Sunway Velocity 3 commercial development, located in section 90, Jalan Shahbandar, Kuala Lumpur.
The construction will consist of 1,604 units of serviced apartments in two 60-storey blocks, which also comprise a level of basement car park, 8 levels of elevated car parks, 2 levels of mezzanine as well as recreation facilities.
The group said the construction works will take approximately 43 months to complete from its scheduled site possession date of 15 March 2024 and targeted to be completed by 14 October 2027.
With this latest contract, the outstanding order book now stands at approximately RM1.8 billion which is the Group’s highest ever. The order book will provide Crest Builder with earnings visibility for the next 4 years.
Crest Builder Holdings Berhad group managing director Eric Yong Shang Ming said, “We are very pleased to have secured this prestigious project from the Sunway Group, adding to our portfolio of top developers in the country. With our first contract for the year, I am confident that we will achieve our RM500 million order book replenishment target.”
