Waja wins RM190m job for 824-unit Amberwood in Larkin, JB

Waja Konsortium Bhd said on 4 November 2026 that its 51%-owned unit Waja Build Tech Sdn Bhd had accepted a RM190 million main contract from Affluent Crafts Sdn Bhd for a serviced apartment project and affordable townhouses on Jalan Suria Muafakat Utama, Johor Bahru.

The project is Amberwood Resort Residences in Larkin, launched in May 2025. Affluent Crafts is wholly owned by Fiamma Holdings Bhd. Chin Hin Group Property Bhd is the project manager, and PIJ Property Development Sdn Bhd owns the land, according to Chin Hin's launch statement.

The contract

• Site: PTB 24750 and PTB 24751 (HSD 600390 and HSD 600391), Mukim Bandar Johor Bahru
• Price: RM190 million, including 6% service tax
• Work: main building and external works
• Dates: work began on 2 November 2026; the contract runs 24 months, to about November 2028
• Penalties: delay damages of RM70,000 a day, plus separate daily damages if priority works such as the TNB substations, lifts and mock-up units run late
• Security: a RM9.5 million performance bond, 5% of the contract sum
• Defects period: 27 months after practical completion

What will be built:

• a 26-storey serviced apartment development of 824 units, with six levels of podium car parks, two levels of semi-basement car parks, a facilities podium and a guardhouse
• one three-storey block of 24 Type C affordable townhouses, with a management office, an electrical substation and a refuse collection centre

The project

The developers describe two 26-storey towers on 3.49 acres of leasehold land, with 490 units in Tower A and 334 in Tower B. StarProperty reported a gross development value of about RM361.1 million, a commercial land title and a target completion of the third quarter of 2029.

There are three layouts:

• Type A: 560 sq ft, one bedroom plus one, one bathroom
• Type B: 721 sq ft, two bedrooms plus one, two bathrooms
• Type C: 872 sq ft, three bedrooms plus one, two bathrooms

Advertised prices run from RM390,000 to RM819,000. The developers market the project's shuttle link to the Bukit Chagar station of the RTS Link to Singapore.

The filing gives no floor area, and the number of units of each type has not been published.

Who is involved

Fiamma, which distributes home appliances and develops property, counts the Chiau family behind the Chin Hin group as its largest shareholder, with a deemed 28.29% stake, according to its 2025 annual report. Its property arm also developed Vida Heights, a 250-unit serviced apartment block in the same part of Johor Bahru, completed in 2017.

Waja Build Tech is 51% owned by Waja Konsortium and 49% by Teguh Harian Build-Tech Sdn Bhd. Waja expects the contract to add to its earnings from the financial year ending 30 June 2027.