Fajarbaru Builder Group Bhd (“Fajarbaru” or “Group”) has been awarded a contract worth RM252.26 million from WCT Holdings Berhad (“WCT”), bringing its total construction orderbook to RM1.2 billion.
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Fajarbaru Builder Group Bhd (“Fajarbaru” or “Group”) has been awarded a contract worth RM252.26 million from WCT Holdings Berhad (“WCT”), bringing its total construction orderbook to RM1.2 billion.
Fajarbaru's wholly-owned subsidiary, Fajarbaru Builder Sdn Bhd ("FBSB"), had accepted a letter of award dated 22 April 2024 from WCT Construction Sdn Bhd (“WCTC”), an indirect subsidiary of WCT Holdings Berhad, for the contract. The job involves construction works for main building works (Section 1 : Phase 1) of an upcoming two-phase development project. This project comprises of 2 blocks of serviced apartments spread across 8 towers, totaling 2,048 residential units and 69 commercial units located in Johor Bahru, Johor Darul Takzim. The contract will commence on 6 May 2024 and is scheduled to be completed on 5 May 2027.
Section 2 : Phase 2 of the of the same project is subject to confirmation of award by WCTC and the Group expects a decision within the next 12 months. The Group will make the relevant announcement as and when there is confirmation of award.
Fajarbaru’s Group Executive Chairman Tan Sri Dato' Sri Chan Kong Choy said:
“We are pleased to announce that Fajarbaru has secured another major contract from WCT, one of Malaysia's leading construction and development groups. This job is one of Fajarbaru's biggest contract wins year-to-date and brings our orderbook of ongoing projects to over a billion ringgit.
Securing this job reaffirms our position as a trusted construction partner for major real estate developers such as WCT. We thank WCT for their trust in our capabilities and will work closely with them to ensure the success of this project.
We believe our focus on value-add and exceptional results will enable us to further expand our involvement in this real estate development.”
In March 2023, Fajarbaru secured an RM310.54 million construction contract from WCT Holdings Berhad’s indirect subsidiary, Kekal Kirana Sdn Bhd. The project commenced on March 15, 2023 and is expected to be completed by Feb 14, 2026.
Following today's announcement, Fajarbaru’s construction orderbook stands at RM1.2 billion. The Group is involved in a wide range of construction projects including high-rise residential buildings, affordable apartments, retail complexes, serviced apartments, and the redevelopment of military facilities. In March 2024, Fajarbaru secured a contract worth RM120.82 million for construction works for the Johor Golf & Country Club, marking the Group's inaugural venture into Johor.
Fajarbaru is currently tendering for construction projects with an approximate value of RM 5 billion across private and government sectors. The Group continues extending its project portfolio across diverse regions ranging from Penang to the East Coast, Klang Valley, and southern states in Peninsula Malaysia.