Construction is set for completion 41 months from commencement. Credit: rotekirsche20 via Pixabay.

Binastra Builders has secured a letter of award for the construction of a residential development in Kuala Lumpur, Malaysia. 

The contract, valued at RM369.95m ($78.40m), was awarded by Exsim Jalil Link. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

It entails main building works and infrastructure for blocks of suite apartments, totalling 1,558 residential units. 

The project is expected to be completed within 41 months from the commencement date, to be determined by the architect’s instruction.  

The development will take place on part of Lot 38628, Jalan Jalil Perkasa 1, an affluent suburb in Kuala Lumpur.

The scope of the contract includes the construction of three blocks, with Block A standing at 39 storeys and housing 460 units, Block B at 38 storeys with 506 units, and Block C at 39 storeys with 592 units.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The contract further covers the construction of a shop on the site’s ground floor and two commercial spaces.

Additionally, the contract includes eight levels of podium parking, a utility space on the lower ground floor, facilities for residents, and a guardhouse. 

Binastra Builders’ directors said: “The acceptance of the contract is in the best interest of the company.” 

The contract is expected to contribute positively to the company’s earnings for the financial years ending 31 January 2025 to 2028.

This award comes after the announcement of the company’s name change, from Comintel Corporation to Binastra Corporation, earlier this month.