PETALING JAYA: Waja Konsortium Bhd has secured a contract from Affluent Crafts Sdn Bhd for a residential development in Johor Baru, worth RM190mil.

In a filing with Bursa Malaysia, the company said the contract comprises the proposed development of a 26-storey serviced apartment comprising 824 units.

This comes together with six levels of podium car parks, two levels of semi-basement car parks, one level of facilities podium and one guardhouse, together with related facilities.

Additionally, Waja Konsortium will undertake the proposed construction of one block of three-storey Type C affordable townhouses comprising 24 units.

This comes together with one management office, one compact electrical substation and one centralised refuse collection facility. The company added that the works shall be completed within 24 months.

“Barring any unforeseen circumstances, the contract is expected to contribute positively to the future earnings of Waja Konsortium throughout the duration of the contract. The contract is not expected to have any impact on the share capital or the shareholdings of the major shareholders of Waja Konsortium,” it said.

Waja Konsortium said it is already involved in the activity of building works, adding that it does not foresee any material risk arising from the contract acceptance.

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