Crest Builder wins RM251m condo project

CREST Builder Holdings Bhd’s wholly owned subsidiary, Crest Builder Sdn Bhd, has secured a RM250.52 million contract by Sime Darby Property (Bukit Raja) Sdn Bhd for the construction of three blocks of condominiums with a car park podium based on a design and build contract in Putra Heights, Selangor.

In a filing to Bursa Malaysia today the group said the contract period is 36 months from Feb 2, 2023 to Feb 2, 2026.

“The contract is expected to contribute positively to the earnings of the group for the financial years ending Dec 31, 2023 and onwards,” it said.

As at the midday break, shares in Crest Builder were down one sen or 2% to 49 sen a share with 19,000 shares exchanging hands. — TMR / pic TMR File