Inta Bina wins RM212m Setapak condo job from Sime Darby Property

• The development will comprise two blocks—Anjung A, a 30-storey tower with 233 units, and Anjung B, a 32-storey tower with 247 units—both sitting atop an eight-level podium housing car parks (from basement level five to level two), resident facilities on the ground and third floors, and an additional sub-basement level.

KUALA LUMPUR (Sept 3): Construction firm Inta Bina Group Bhd (KL:INTA) on Wednesday secured a RM212.34 million contract from Sime Darby Property Bhd (KL:SIMEPROP) for the construction of a condominium project in Setapak, Kuala Lumpur.

Inta Bina said the scope of works covers the main building, its external, as well as mechanical and engineering works for the project, according to a filing with Bursa Malaysia.

The latest award is Inta Bina’s fourth contract win this year, lifting its contract wins past RM700 million in value.

The construction period is scheduled for 36 months, commencing on Oct 7, 2025, with completion targeted for Oct 6, 2028.

The development will comprise two blocks—Anjung A, a 30-storey tower with 233 units, and Anjung B, a 32-storey tower with 247 units—both sitting atop an eight-level podium housing car parks (from basement level five to level two), resident facilities on the ground and third floors, and an additional sub-basement level.

The contract was awarded to Inta Bina’s wholly owned subsidiary Inta Bina Sdn Bhd from Sime Darby Property (KL East) Sdn Bhd, a wholly owned unit of Sime Darby Property.

In February, Inta Bina clinched a RM181 million contract from Eco Sanctuary Sdn Bhd to build a mixed commercial project in Kuala Langat, Selangor.

In August, it secured two separate jobs: a RM67.79 million housing contract in Cyberjaya from Symphony Hills Sdn Bhd, and a RM264.5 million contract to construct two serviced apartment blocks in Segambut, Kuala Lumpur, from GDP Architects Sdn Bhd on behalf of 368 Segambut Sdn Bhd—a joint venture between IJM Land Bhd and FCW Holdings Bhd (KL:FCW).

Shares of Inta Bina closed 1.5 sen or 3.66% lower at 42.5 sen on Wednesday, giving the company a market capitalisation of RM257.36 million. The stock has retreated over 13% year to date.

As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.