KUALA LUMPUR (May 19): Kerjaya Prospek Group Bhd (KL:KERJAYA) has won a contract worth RM174.2 million from IJM Land Bhd’s subsidiary to build a high-rise residential development in Seremban, Negeri Sembilan.

In a statement on Tuesday, Kerjaya said the letter of award was granted to its wholly owned unit, Kerjaya Prospek (M) Sdn Bhd, by RB Land Sdn Bhd on Monday (May 18).

Under the agreement, Kerjaya’s unit will be responsible for the main building works of a 44-storey serviced apartment block that comprises 778 apartment units, 15 retail lots, private offices, levelled parking, and facilities, among others.

Works are expected to start on June 1 and are expected to be completed within 35 months.

In a filing on Bursa Malaysia, Kerjaya said the contract win provides earnings visibility for the next three years. IJM Land is the property development subsidiary of IJM Corporation Bhd (KL:IJM).

Kerjaya chief executive officer Tee Eng Tiong said in the statement that this is Kerjaya’s second project in Seremban this year. Its first project was a RM98.79 million private hospital job.

The group’s contract wins for the financial year ending Dec 31, 2026 now stand at RM976.5 million, growing its outstanding order book to RM4.3 billion.

At Tuesday’s noon break, Kerjaya shares were down by one sen or 0.5% to RM2.08, valuing the group at RM2.64 billion.

Sourced: The Edge (19 May 2026)