Construction Specialist Inta Bina Secures RM40.6 Million Residential Contract
Inta Bina Group Bhd’s wholly-owned subsidiary, Inta Bina Sdn Bhd, has successfully secured a significant RM40.6 million contract from Eco Majestic Development Sdn Bhd to undertake the construction of residential homes in the state of Selangor.
This latest award further solidifies the building contractor’s position in the highly competitive Malaysian property market, providing a steady flow of work for its operational teams.
In an official statement released by the group, it was confirmed that the contract is a fixed-price agreement.
The work is scheduled to commence on October 8, 2025, and stipulates a completion period of twenty months, which projects the handover of the residential units to occur by mid-2027, ensuring timely delivery for the developer and future homeowners.
Managing director Paul Lim expressed strong confidence in the company’s future trajectory, noting that this latest contract significantly strengthens Inta Bina’s already robust order book.
He also emphasized that the contract reinforces the group’s standing as a trusted and reliable partner in the development of high-quality residential communities across Selangor, one of Malaysia’s most economically vibrant states.
Lim affirmed, “With this award, we remain committed to delivering sustainable and timely housing solutions that align with market demand, while enhancing long-term value for our shareholders.”
This commitment, he added, is guided by the corporate vision “To be the preferred choice builder and to ensure sustainable returns to stakeholders,” suggesting a dual focus on both execution excellence in the construction field and maximizing shareholder returns through profitable projects.
The secured project, focused on residential housing, aligns perfectly with the company’s core expertise and addresses the current strong market demand for new homes in established urban areas.
Surging Unbilled Order Book Provides Strong Revenue Visibility
The addition of this RM40.6 million contract has substantially lifted the construction group’s unbilled order book, providing the company with clear revenue visibility and confirming a strong growth path over the medium term, significantly benefiting Inta Bina’s financial outlook and stability.
The latest contract win immediately increased Inta Bina’s unbilled order book to approximately RM1.9 billion.
This substantial figure represents a significant jump of 27 percent when compared to the group’s position at the end of 2024, demonstrating successful business development efforts despite broader economic challenges.
This notable increase in the unbilled order book is a crucial indicator of the company’s future financial health and provides strong revenue growth visibility extending through the 2026 to 2027 financial years.
A large and growing unbilled order book means that the company has a secure backlog of confirmed projects to execute, which translates directly into predictable and steady revenue streams for the coming years, thereby significantly reducing reliance on securing new contracts immediately to fill gaps.
This sustained project flow allows Inta Bina to efficiently optimize its resource allocation, including skilled manpower and heavy equipment deployment, and to maintain highly efficient operational planning across all sites.
The focus of the new contract on residential construction in a prime location like Selangor underscores the construction specialist’s continued success in securing projects from reputable property developers such as Eco Majestic Development Sdn Bhd, a key player in the sector known for quality developments.
The fixed-price nature of the contract also allows Inta Bina to manage costs effectively, provided it maintains strict control over material procurement and labor expenses, which is critical in a 20-month completion period in the volatile construction sector.
Commitment to Sustainable and Timely Housing Solutions
Inta Bina’s continued success and strategic positioning are rooted in its foundational commitment to delivering complex projects on time and within budget, ensuring that its construction solutions meet the evolving needs for modern, sustainable housing in a demanding urban environment like the rapidly expanding areas of Selangor.
The management’s dedication to providing “sustainable and timely housing solutions” reflects a broader, necessary industry trend toward responsible development and highly efficient execution practices.
Timeliness is a particularly valued attribute by property developers, as project delays can significantly increase holding costs, incur penalty fees, and severely push back revenue realization from home sales to buyers.
By consistently securing and executing complex, multi-million-ringgit projects like the one for Eco Majestic Development Sdn Bhd, Inta Bina has not only reinforced its reputation but actively strengthened its position as a “preferred choice builder” in the market.
This positive reputation, built on reliability and quality, is essential for a company that intends to secure continuous, high-value contracts and sustain its market share against regional competitors.
The significant increase in the order book directly supports Inta Bina’s ability to ensure sustainable returns to all stakeholders, as clearly stated in the company’s vision.
Furthermore, the secured residential projects contribute substantially to the overall urban development goals of the region, providing necessary infrastructure and housing units for a growing population.
The strategic decision to focus on quality residential communities in key economic hubs like Selangor positions the group well to capitalize on stable demographic and rapid urbanization trends in Malaysia, securing its long-term relevance and future growth.
