SOUTHERN region-based builder Haily Group Bhd has through its wholly-owned subsidiary Haily Construction Sdn Bhd secured a RM50.08 mil subcontract from Mandy Corp Sdn Bhd which is a subsidiary of Gadang Holdings Bhd to complete the constriction a residential development in Gelang Patah, Johor.
The project involves the construction of 91 units of double-storey terrace houses (22’ x 70’); 45 units of double-storey terrace houses (22’ x 75’)’ and one Tenaga Nasional Bhd TNB) double-chamber substation at Jalan Ulu Choh in Johor’s Pontian district.
The works include main building and external works as well as mechanical and electrical (M&E) services. The project known as Laman Citra Phase 3 is slated for completion within a fixed contract period of 20 months.
“This contract demonstrates confidence in our ability to deliver high-quality residential developments on time and to specification,” commented Haily’s founder and executive director See Tin Hai.
“We’re proud to continue strengthening our track record in Johor with this project aligning with our strategy to support the state’s growing demand for quality housing.”
With this latest win, Haily’s total secured contract value for 2025 has risen to approximately RM68.11 mil. The group’s portfolio now includes 25 on-going projects with a cumulative contract value of about RM1.05 bil.
Supported by catalytic initiatives such as the Johor-Singapore Special Economic Zone (JS-SEZ) and the Johor Bahru–Singapore Rapid Transit System (RTS), Johor has continued to be a growth hotspot in Malaysia’s property and construction sector.
These developments are expected to boost demand for both residential and commercial properties, thus placing Haily in a strong position to capitalise on future opportunities.
The RM50.08 mil subcontract is expected to contribute positively to Haily’s earnings for its financial years ending Dec 31, 2025 to Dec 31, 2027.
At the close of today’s market trading, Haily was unchanged at 20 sen with 10,200 shares traded, thus valuing the company at RM85 mil. – Aug 25, 2025
