Haily Group Berhad has announced a new contract win worth RM38.20 million which was awarded to its wholly-owned subsidiary, Haily Construction Sdn. Bhd. by Meridin East Sdn. Bhd. (a subsidiary of Mah Sing Group Berhad).

The project involves the construction of 168 units of double-storey terrace houses in Taman Bestari Perdana, Johor Bahru.

"We are delighted to work with Meridin East once again to deliver quality homes in Johor Bahru," said Mr. See Tin Hai, Founder and Executive Director of Haily. "This contract win reinforces our expertise in residential construction and our commitment to meeting the needs of both developers and homebuyers."

The project, located in Parcel 1B, Taman Bestari Perdana, will be developed in three phases: Phase 1B1 (59 units), Phase 1B2 (61 units), and Phase 1B3 (48 units). The contract also includes the construction of a Tenaga Nasional Berhad (TNB) substation and 2 units of show houses.

Haily Construction will undertake piling, main building works, ancillary infrastructure, and mechanical and electrical installations. Each phase is expected to be completed within 15 months, with the TNB substation and show houses to be completed within 6 months and 4 months, respectively.

With this latest award, its total secured contract value for 2024 has risen to approximately RM770.61 million, significantly exceeding the RM272.14 million secured in 2023. The Company's number of ongoing projects has grown to 26, with a cumulative total contract value exceeding RM1.14 billion.