KUALA LUMPUR, Crest Builder Holdings Bhd announced that its wholly owned subsidiary, Crest Builder Sdn Bhd, has been awarded a RM23.93 million contract by Quantum Quest Sdn Bhd for reinforced concrete works in a major high-rise residential project located along Jalan Tun Razak, Kuala Lumpur.
In a statement, the construction and property development group said the scope of work involves the reinforced concrete structure up to Level 6 for three blocks of serviced apartments and a six-storey podium. The development is part of an upcoming premium residential enclave strategically situated within the city’s central business district.
The contract, which is set to commence on Nov 3, 2025, will span a nine-month period and is slated for completion by Aug 3, 2026. Crest Builder said the award underscores its strong track record and expertise in handling large-scale, complex high-rise construction projects in the Klang Valley.
“The securing of this contract not only strengthens our order book but also reinforces our position as a reliable and trusted construction partner for high-value urban projects,” the group said, adding that the job is expected to contribute positively to the company’s earnings and net tangible assets for the financial year ending Dec 31, 2025 (FY2025) and subsequent years.
The group’s current unbilled order book remains healthy, supporting its revenue visibility over the medium term. Crest Builder said it will continue to pursue both public and private sector projects, focusing on quality execution, cost efficiency, and timely delivery to enhance shareholder value.
At Wednesday’s close, shares in Crest Builder rose 1.5 sen or 2.9% to 52.5 sen, valuing the group at RM118.08 million. Despite the modest rebound, the stock is still down 12.5% year to date.
