Crest Builder Holdings Bhd Secures RM299.4 Million Desa ParkCity Contract
Crest Builder Holdings Bhd (ticker CRESBLD, KL:CRESBLD) announced that its wholly‑owned subsidiary, Crest Build Sdn Bhd, has been awarded a RM299.4 million construction contract for a new commercial development in Desa ParkCity, Kuala Lumpur.
Project Details
- Client: Perdana ParkCity Sdn Bhd, master developer of the Desa ParkCity township.
- Scope: Construction of a 46‑storey office tower that includes:
- Two levels of retail shops.
- Thirty‑six levels of office space.
- A multi‑storey car park.
- A podium with retail spaces.
- Duration: 36 months, commencing on 18 July 2026 and concluding on 27 July 2029.
- Contract Value: RM299.39 million (RM299.4 million in press releases).
Strategic Impact
The new contract is Crest Builder’s fourth engagement with the ParkCity Group. Group Managing Director Eric Yong Shang Ming stated that the order book has now expanded to an estimated RM1.7 billion, providing earnings visibility for the next four years. The company highlighted its commitment to sustainable growth and maintaining high quality standards amid a solid pipeline of projects.
Market Context
Crest Builder is a prominent Malaysian construction firm listed on Bursa Malaysia. As of 20 November 2025 the shares traded at MYR 0.505, within a 52‑week range of MYR 0.49 to MYR 0.68. The company’s market cap stood at MYR 113.59 million, with a price‑earnings ratio of 10.12. The new contract is expected to contribute positively to the company’s financial performance starting the 2026 fiscal year.
