KUALA LUMPUR (May 18): Construction services company Tuju Setia Bhd has been awarded a contract worth RM189 million for a high-rise construction project in Seri Kembangan, Selangor.
Awarded by Enso Development Sdn Bhd, a joint-venture company between Beverly Group (Q) Sdn Bhd and Surbana Jurong Capital (Enso Q) Pte Ltd, the main building works under Package 1 of One Equine project will be undertaken by Tuju Setia’s wholly-owned subsidiary, Pembinaan Tuju Setia Sdn Bhd.
The project comprises a 35-storey block of 865 small office/home office (SoHo) units and a 33-storey block with 526 units of serviced apartments, related facilities and amenities, as well as a multi-storey podium carpark.
The development in Seri Kembangan is in an up-and-coming development belt with close proximity to Cyberjaya and Putrajaya, said Tuju Setia in a statement today.
“With this new win, our order book is now at RM1.14 billion from RM953.1 million previously.
“In striving to be the builder of choice, we hope to maintain this momentum and continue to secure projects to further fortify our standing in the construction industry,” said managing director Wee Eng Kong.
Construction is scheduled to commence in June 2021 and is expected to take 38 months to complete.
According to the company, the project is expected to contribute positively towards the earnings of the group until the financial year ending Dec 31, 2024.
Apart from One Equine, Tuju Setia’s ongoing projects include Mutiara Central Office Suites (Cheras), Riana Dutamas – Phase 2 (Segambut), The Pulse Residence (Bandar Puteri Puchong), PPAM Sofiya Residensi (Desa ParkCity), Emerald Hills – Phases 3 and 4 (Cheras), TUAI Residence (Setia Alam), 121 Residences (Petaling Jaya), and the Kajang Women and Children Hospital.
