Haily Latest Rm198m Jb High Rise Service Apartment Contract Pushes Its Order Book To Rm1 2b

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SOUTHERN region-based builder Haily Group Bhd has bagged contracts with a combined value of RM197.55 mil to undertake main building works for a major mixed development project in Jalan Bukit Meldrum, Johor Bahru.
The job landed by the group’s wholly-owned subsidiary Haily Construction Sdn Bhd from Connoisseur Properties Sdn Bhd comprises:
A 45-storey service apartment block with 748 units which is supported by a one-storey service plant at sub-basement level, podium car parks, public facilities at Level 10 as well as associated facilities; andFive shop units at Level 1, two shop units at Level 10 and a one-storey car park at Level 2 within the same development precinct.The works are scheduled to commence on Oct 1, 2025 with a completion timeline of 40 months slated for Jan 31, 2029.
“This contract win marks a significant milestone for Haily as it showcases our capability to deliver high-rise service apartments alongside commercial and supporting components,” commented Haily’s founder and executive director See Tin Hai.
“We are honoured to be entrusted by Connoisseur Properties for this landmark project in Johor Bahru whereby we remain committed to ensuring quality, safety and timely delivery.
Haily Group Bhd’s founder and executive director See Tin HaiAdded See: “This development strengthens our track record in Johor where we have consistently supported the growth of the state’s property sector.”
With the latest RM197.55 mil award, Haily’s cumulative secured contracts now stand at approximately RM265.22 mil for the current year while its cumulative value has expanded to RM1.20 bil across 26 on-going projects.
This provides strong earnings visibility for the group through to 2029 by reinforcing its resilience and growth outlook.
Strategically located in central Johor Bahru, the mixed development project reinforces Haily’s position in a state experiencing rapid development.
As it is, Johor’s construction sector continues to be supported by catalytic projects such as the Johor-Singapore Special Economic Zone (JS-SEZ) and the Johor Bahru–Singapore Rapid Transit System (RTS), both expected to spur demand for residential and mixed-use developments.
The contracts are expected to contribute positively to Haily’s financial performance for the financial years ending 2025 through 2029.
At the close of today’s (Sept 29) trading, Haily was up 1.5 sen or 6.38% to 25 sen with 3.08 million shares traded, this valuing the company at RM106 mil. –  Focus Malaysia

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