TCS Group Holdings announced that its wholly-owned subsidiary had accepted a Letter of Award from Saujana Permai Development Sdn Bhd for the development 630 units of service apartments with 31 floors in Kuala Langat Selangor.
The LOA will require the group to build the main building, complete external works for apartment blocks known as Arcadia Apartments. The total project value is estimated at RM130 million and is expected to be completed within 36 months.
The group believes acceptance of the LOA will enhance its current orderbook and improve its earnings moving forward.