Kitacon wins RM89m housing contract in Rawang – Construction to start March 2026

Kumpulan Kitacon Berhad has successfully secured a RM89 million contract from Rawang Lakes Sdn. Bhd. to develop Phases 6A and 6B of the Bandar Tasik Puteri township in Rawang, Selangor. This marks another significant milestone for Kitacon, strengthening its presence in the Malaysian residential construction sector.

The project scope includes 258 double-storey terrace homes, a two-storey clubhouse, a guard house, a TNB substation, and the necessary supporting infrastructure. The contract demonstrates the company’s continued capability to handle large-scale township projects.

Phase Highlights & Development Features

• Phase 6A: 140 terrace units, complete with clubhouse, guard house, and electrical substation

• Phase 6B: 118 double-storey terrace units

• Ancillary infrastructure works to support both phases, ensuring a fully functional community
  

Construction is scheduled to commence 16 March 2026, with an expected completion period of 20 months. Handover of the completed homes is targeted for November 2027, offering buyers and investors a clear timeline for property delivery.

Why This Project Matters

• Strong suburban demand: Rawang is increasingly sought after due to its proximity to Kuala Lumpur, accessibility, and growing amenities.

• Financial impact: The project is expected to positively contribute to Kitacon’s earnings and net asset value over the next two financial years.

• Township growth: Reinforces the trend of modern township developments in Malaysia, providing investors with confidence in long-term growth areas.

This project also reflects broader patterns in Malaysia’s property market, where suburban developments with landed homes and modern amenities are gaining traction among middle- and upper-middle-class buyers.

Opportunities for Malaysian Investors

For investors monitoring the Klang Valley property scene, Rawang presents several strategic opportunities:

• Capital appreciation potential: Rising demand in suburban areas like Rawang can lead to strong property value growth.
• Rental appeal: Modern double-storey terraces with facilities such as clubhouses attract tenants and long-term end-users.
• Portfolio diversification: Investing in growing townships can balance exposure across more established central areas like Kuala Lumpur and Petaling Jaya.

By following projects like this on NEXTSIX, Malaysian investors can make informed property decisions and identify high-growth suburban pockets with strong development pipelines.

Explore Rawang properties on NEXTSIX:

https://nextsix.com/properties-for-sale/selangor/rawang

Article Information Source: Business Today

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