PETALING JAYA: Crest Builder Holdings Bhd’s wholly owned subsidiary Crest Builder Sdn Bhd has accepted two separate Letters of Award (LoA) with a combined value of RM513 million.

The first LOA, valued at RM 246.4 million, is for the group to undertake construction works for the East One SJCC development in Subang Jaya for Sime Darby Property (Subang) Sdn Bhd, a wholly owned subsidiary of Sime Darby Property Bhd.

The project comprises the development of 926 serviced apartment units across two 36-storey towers, resident facilities, a mechanical floor, and a podium car park.

The construction period is expected to span about 30 months following the scheduled site possession.

The second LoA, worth RM266.5 million from Freedom Estates Sdn Bhd, a wholly owned subsidiary of BRDB Developments Group, covers main building works for the Miranda Hill development in Mont Kiara, Kuala Lumpur.

The development comprises a 38-storey and a 36-storey tower, encompassing 552 condominium units, car parks and recreational facilities.

Construction works are expected to be completed within 19 months from the date of site possession.

With these latest wins, Crest Builder’s total outstanding order book surged to an all-time high of RM2 billion.

The robust order book pipeline is expected to contribute positively to the group’s earnings over the next four years.

Commenting on the awards, Crest Builder group managing director Eric Yong said the LoAs bring significant momentum for the year.

“The East One SJCC award marks our fourth contract from Sime Darby Property, following the successful delivery of KL East Mall, Maya Ara and Serasi projects.

“Our enduring partnership with Sime Darby Property, one of the nation’s premier developers, is a testament to our commitment to quality and ability to meet the rigorous standards of industry leaders.

“In addition to strengthening existing ties, we are delighted to welcome BRDB Group into our prestigious clientele list.

With these contracts totalling RM513 million, we have secured a formidable head start in anchoring our 2026 order book replenishment activities early in the year.

“This provides us with a solid foundation to further grow our pipeline while shifting our focus towards project execution and operational excellence.

“With a RM2 billion order book in hand, we are well positioned to optimise our resources and ensure the timely delivery of all our ongoing projects,“ he said.

 The Sun Malaysia