Waja Konsortium subsidiary wins RM 190 million residential construction contract in Johor Bahru

Bitget2026/11/04 11:16

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Waja Konsortium's 51%-owned Waja Build Tech secured a RM 190 million construction contract from Affluent Crafts, inclusive of 6% service tax.
The subsidiary accepted the letter of award on November 4, 2026; the award was dated October 21, 2026.
The Johor Bahru development comprises a 26-story serviced apartment building with 824 units, alongside 24 three-story affordable townhouses.
Main building and external works must be completed within 24 months of commencement, which is triggered by the architect's instruction.
The contract carries delay damages of RM 70,000 per day and requires a RM 9.5 million performance bond.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Waja Konsortium Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3722214) on November 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Waja Konsortium subsidiary wins RM 190 million residential construction contract in Johor Bahru

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