Kerjaya Prospek Group Bhd has entered 2026 on a strong footing after its wholly owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, clinched a RM201.25 million construction contract for a mixed-use development in Damansara Damai, a well-established township within the Klang Valley.
This award represents the group’s first contract win for 2026 and supports its target to replenish up to RM2 billion in new projects for the year. The latest contract builds on an earlier RM18.5 million package awarded in October 2024 for site clearance and detention pond construction at the same site.
The project was awarded by Greencove Sdn Bhd, a subsidiary of Kerjaya Prospek Property Bhd, and involves the construction of two 39-storey residential towers, a car park podium, and integrated commercial space. Such mixed developments continue to play a key role in shaping commercial property in KL and Selangor, catering to both residential and business activity.
Construction is scheduled to commence on 1 April 2026, with completion targeted within 40 months. Following this award, Kerjaya Prospek Group’s total outstanding order book has risen to approximately RM4.4 billion, providing solid revenue visibility over the medium term.
Beyond residential construction, the group is actively expanding into higher-growth segments including industrial developments and data centre projects. This strategic direction aligns with rising demand for industrial land in Selangor, as well as increasing interest in office space in Bukit Jalil, factory developments in Puchong, and industrial property in the Subang area, all of which remain key growth corridors within the Klang Valley.
The contract was secured in the ordinary course of business and on standard commercial terms. It is expected to contribute positively to group earnings over the next four years.
At the midday market break, Kerjaya Prospek Group’s shares were unchanged at RM2.71, valuing the company at about RM3.43 billion. Over the past 12 months, the stock has gained close to 21%, reflecting continued confidence in the group’s project execution and long-term growth strategy.
Yao Mu Realty, based in Kuala Lumpur, Malaysia, specializes in industrial real estate for factories and land, delivering professional and efficient solutions.
Posted by Yao Mu Realty Sdn Bhd on 15 Jan 26
Malaysia