PPC’s
outstanding order book and tender book stood at RM1.25 billion and RM1.93
billion respectively.
Multi Management and Future Solutions Malaysia: Putrajaya Perdana Bhd's wholly-owned construction arm, Putra Perdana Construction Sdn Bhd (PPC), has recently clinched a RM408 million contract to build Sime Darby Ara Damansara Development Sdn Bhd’s high-end Cantara Residences project in Ara Damansara.
In a statement today, PPC said the contract involved the construction of 17-storey buildings comprising 756 units of serviced apartments on a 7.12 acres land.
It said the project also includes the construction of two floors of office units and shoplots, car parks and common facilities.
PPC said the Cantara Residences project is expected to be completed within 30 months from site possession, with target completion date set in May 2019.
The project is expected to contribute positively to the financial performance of the company, it said.
The latest Cantara Residences project award brings the total projects secured in 2016 by PPC to approximately RM765 million.
As at October 31, 2016, PPC’s outstanding order book and tender book stood at RM1.25 billion and RM1.93 billion respectively.
PPC said it is currently working on submitting tenders for approximately RM6 billion worth of contracts.
Our Recommendations :
Multi Management and Future Solutions Malaysia: Putrajaya Perdana Bhd's wholly-owned construction arm, Putra Perdana Construction Sdn Bhd (PPC), has recently clinched a RM408 million contract to build Sime Darby Ara Damansara Development Sdn Bhd’s high-end Cantara Residences project in Ara Damansara.
In a statement today, PPC said the contract involved the construction of 17-storey buildings comprising 756 units of serviced apartments on a 7.12 acres land.
It said the project also includes the construction of two floors of office units and shoplots, car parks and common facilities.
PPC said the Cantara Residences project is expected to be completed within 30 months from site possession, with target completion date set in May 2019.
The project is expected to contribute positively to the financial performance of the company, it said.
The latest Cantara Residences project award brings the total projects secured in 2016 by PPC to approximately RM765 million.
As at October 31, 2016, PPC’s outstanding order book and tender book stood at RM1.25 billion and RM1.93 billion respectively.
PPC said it is currently working on submitting tenders for approximately RM6 billion worth of contracts.
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