Kerjaya Prospek Secures RM162 Million Building Contract from Majestic Gen for Johor Bahru Project

May 8, 2025

Kuala Lumpur, 8 May 2025 – Construction outfit, Kerjaya Prospek Group Berhad (“Kerjaya” or “the Group”) announced its wholly-owned subsidiary, Kerjaya Prospek (M) Sdn. Bhd. has accepted a letter of award from Majestic Gen Sdn. Bhd. (“Majestic Gen”) for a building contract worth RM162.0 million in Johor Bahru.

 

The contract entails main building works for Gen Rise, a 47-storey transit-oriented serviced apartment development located near the customs, immigration and quarantine (CIQ) and Bukit Chagar Rapid Transit System (RTS). The project comprises a single block with 732 units, nine levels of podium parking, and other supporting facilities, amongst others. Construction, scheduled to commence on 1 August 2025, is expected to be completed within 36 months.

 

Kerjaya chief executive officer and executive director Tee Eng Tiong said, “We are honoured to be entrusted with the construction of Majestic Gen’s maiden project in Johor, which also represents our first contract win in the state for 2025. Geographically, our focus remains on three growth regions, namely Klang Valley, Penang and Johor, where we see strong demand and vibrant development activities continue to shape the future of urban living.

 

With this latest RM162.0 million job, our year-to-date new contract wins have reached RM870.3 million, placing us well on track to achieve our RM1.6 billion target for the year. Total outstanding order book now stands at RM4.6 billion, providing healthy earnings visibility and solid foundation for continued growth over the next four financial years.”

 

Majestic Gen chief executive officer Dato’ Sr. Hoo Kim See said, “We are excited to entrust the construction of Gen Rise, our first-ever project in Johor, to a construction firm as reputable as Kerjaya Prospek. This is a truly momentous occasion for both companies as we aim to deliver quality and sustainable products to our esteemed buyers. We hope that this collaboration will further boost the market’s confidence in our current and future developments with an estimated gross development value of RM3.7 billion.”