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KUALA LUMPUR (March 18): Crest Builder Holdings Bhd (KL:CRESBLD) has secured two construction contracts worth a combined RM513 million, lifting its outstanding order book to a record RM2 billion.
The first contract, valued at RM246.4 million, was awarded by Sime Darby Property Bhd’s (KL:SIMEPROP) wholly owned unit, Sime Darby Property (Subang) Sdn Bhd, for the East One SJCC development in Subang Jaya.
The project involves building 926 serviced apartment units and is slated for completion within 30 months from site possession.
The group secured another RM266.5 million contract from Freedom Estates Sdn Bhd, a wholly owned subsidiary of BRDB Developments, for the Miranda Hill development in Mont'Kiara.
The job covers the construction of two towers — 38 and 36 storeys respectively — comprising 552 condominium units, along with car parks and recreational facilities, to be completed within 19 months.
Both contracts were awarded to wholly owned unit Crest Builder Sdn Bhd.
In a statement, group managing director Eric Yong said the wins provide an early boost to the group’s 2026 order book replenishment efforts while allowing it to focus on execution and operational efficiency.
“With a historic RM2 billion order book in hand, we are well positioned to optimise our resources and ensure the timely delivery of all our ongoing developments”.
Crest Builder’s largest shareholder is SC Yong Holdings Sdn Bhd — a private entity owned by the Yong family.
The company is primarily involved in construction and property development as well as mechanical and electrical engineering services and project management.
Shares of Crest Builder were unchanged at 47 sen at Wednesday’s noon break, valuing the group at RM105.71 million.
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