business

Inta Bina wins second largest contract for the year

KUALA LUMPUR: Inta Bina Group Bhd says its wholly-owned Inta Bina Sdn Bhd has accepted a RM137.8 million construction contract from SDB Properties Sdn Bhd.

SDB Properties is a wholly-owned subsidiary of Selangor Dredging Bhd.

The contract entails the main building works for 26 units of three-storey superlink houses and six blocks of three and four-storey condo villa, which will house a total of 196 villa units, located at Gombak, Selangor.

Inta Bina said the works would take 32 months to complete from September 8 this year.

Managing director Paul Lim Ooi Joo said the recent contract marked Inta Bina's second largest project secured for the year, bringing year-to-date contract wins to RM298 million.

"We will continue to keep ourselves busy, not only on the execution of the projects, but also on the tender of other new projects. At this point in time, the property sector looks more stabilised with more construction activities expected to come in.

"Coupled with the few projects from the joint-venture partnership with Lagenda Properties Bhd that are under execution, we expect a more promising outlook for the rest of the year," he said in a statement today.

Inta Bina said the new contract bolstered its total unbilled order book to RM1.1 billion.

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