Crest Builder bags RM250.52mil condo project in Putra Heights

KUALA LUMPUR: Crest Builder Sdn Bhd, a wholly owned subsidiary of Crest Builder Holdings Bhd, has secured a RM250.52mil 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, Damansara, in Petaling Jaya.

The group said in a filing with Bursa Malaysia 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 31 December 2023 and onwards," it said.

As at the midday break, shares in Crest Builder were down one sen or 2% to 49 sen a unit on the back of 19,000 shares exchanging hands.