Kumpulan Kitacon Bhd has secured a RM99.28 million construction contract in Cyberjaya, Selangor, marking its second project win for the year.
According to a filing with Bursa Malaysia on Wednesday, the letter of award covers the construction of 128 units of three-storey terraced houses, 19 terrace units with covered parking, a guardhouse, an electrical substation, and a designated facility area. Construction works are scheduled to commence on May 2, 2026, with an expected completion timeline of 24 months.
The contract was awarded by ParkCity Botanika Sdn Bhd, a subsidiary of ParkCity Group, which develops the 473-acre Desa ParkCity township. The deal further strengthens Kumpulan Kitacon’s position in the Selangor property development and construction market.
Earlier in March, the group also secured an RM89 million contract from Rawang Lakes Sdn Bhd, a unit of the Low Yat Group, for the main building works and ancillary structures of a township in Rawang.
Following the latest announcement, Kumpulan Kitacon’s share price rose by 0.5 sen, or 0.7%, to 71 sen at Wednesday’s midday session, giving the company a market capitalisation of RM352 million.
The company said the Cyberjaya project is expected to contribute positively to its earnings and strengthen its order book, while showcasing its growing expertise in large-scale residential developments across key townships in Malaysia.
