Binastra secures RM405mil contract for Bukit Jalil residential project
The contract, awarded to its wholly-owned subsidiary Binastra Builders Sdn Bhd, involves the construction of two residential blocks comprising a total of 1,004 units.
In a statement, it said the construction is expected to be completed within 41 months from the commencement date, which will be confirmed by the project architect.
This latest win marks Binastra's fourth consecutive project on the 7.244-hectare Bukit Jalil site, bringing the cumulative contract value for the area to RM1.8 billion.
Binastra managing director Datuk Jackson Tan Kak Seng said the contract marks the continuation of the group's winning streak.
"This not only reinforces our proven track record in project delivery but also demonstrates our ability to build long-term client relationships through consistent performance and construction excellence," he said.
Additionally, Binastra has secured RM1.4 billion in new projects so far this year, pushing its total outstanding order book to RM4.6 billion.
Binastra aims to accelerate job replenishment efforts, providing strong visibility into future earnings as it enters the second half of 2025.
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