Hi, my name is Eric.

Well, as much as I would like to say "Genius, Playboy, Billionaire, Philanthropist", I am not all of it - at least not yet. I have a passion for construction and property, travel, food and shopping. Well, I am really not a blogger. I do blog every now and then, on all kinds of things, sometimes to address the media, well, sometimes just to post up updates of my projects. Through this blog - I shall try to keep the investors, shareholders, employees, colleagues, partners and the public updated on what Crest Builder is up to.

BUILDERS OF DISTINCTION

The Group strives to be the preferred builders of its valued clients.

STRONG PORTFOLIO

30 years of strong history and portfolio.

BUILDING LANDMARKS

Building the country's landmark buildings since 1983.

TEAMWORK

There is no 'i' in TEAM, and at Crest Builder, we work as a team.

BRANDED PROJECTS

The Group has been associated with various projects of high brand values.

GOOD PRACTICE

The Group constantly maintains a good construction practice for all its projects.

GOING GREEN

The Group maintains an environmental friendly approach to construction practices.

THE QUALITY BUILDER

The Crest Builder Group is always associated with distinctive standards of quality.

THE DETAILED BUILDER

Our focus on the details has been one of our strong credentials.

SATISFACTION GUARANTEED

The Group strives to provide its valued clients with the best service.

WIDE SPECTRUM OF CLIENTS

The Group has been working closely with both the public and the private sector in the 30 years of operations.

BRANDING

The Group is always associated with prominent projects to enhance the company's brand value.

SUSTAINABILITY

The Group is committed to sustainable practices in construction.

THE SOLUTION PROVIDER

Crest Builder strives to provide the optimum solutions and innovations to every project.

09 June 2017

Crest Builder expects better performance for FY17

KUALA LUMPUR: Crest Builder Holdings Bhd expects its performance for the financial year ending Dec 31, 2017 (FY17) to be better than FY16, with the completion of several projects under its construction division. Its group managing director (MD) Eric Yong Shang Ming said the construction division will drive the group’s growth this year.
“Based on the timing of the projects, we are looking to complete a couple of projects this year. Our largest contract to date is Quarza Residence at Sime Darby Property Bhd’s KL East development, which will be going full swing this year,” he told reporters after the group’s annual general meeting yesterday. In June last year, Crest Builder clinched a RM438.3 million contract to build residential and commercial buildings at the KL East development in Setapak. “Yes, we are looking to post very good numbers in FY17,” said Yong.
On the group’s RM500 million order book replenishment target for FY17, Yong said it has yet to secure any job so far this year, but is actively bidding for various projects. “We hope to secure something within the next quarter or so. It will be quite a sizeable one. Nonetheless, we have an outstanding order book of RM1.1 billion, which will last us well into 2018,” Yong said. He also noted that the group is tendering for some RM1.8 billion worth of projects and expects more tenders coming up in the next few months, which will help in meeting the group’s RM3 billion tender book target.
He added that the bulk of contracts to be tendered out are for projects in the Klang Valley, adding that some of the building contracts the group is eyeing will be related to the light rail transit 3 project. For the property development division, Crest Builder will be launching the residential portion of the RM1.1 billion gross development value (GDV) Latitud8 in Dang Wangi here. The group has already done a couple of international previews for the RM750 million GDV residential portion, which garnered encouraging response.
“In May, we did our international previews to gauge the market conditions of buyers from Hong Kong and China. “For the local market, we are targeting a soft launch in September, looking more at business associates from our internal database. We are targeting for a public launch towards the end of the year or January [2018]” said Yong.
He noted that there has been a knee-jerk impact on international sales, following China’s move to introduce capital controls, but said the weak ringgit makes properties here attractive for international investors. He added that the property market may have bottomed-out, as more tenders have been put out by the major developers over the past two to three months, signalling some recovery of confidence in the market.
“Based on the current outlook, I believe the market will pick up substantially within the next two quarters,” he said. Meanwhile, Yong said the group’s Residensi Hijauan project has seen 40% of units sold so far for Phase 1, and it plans to launch the second phase once 50% to 60% of the Phase 1 units are sold.

14 January 2017

Crest Builder optimistic of achieving orderbook target.


SHAH ALAM: Crest Builder Holdings Bhd is optimistic of achieving its construction orderbook target of RM500mil this year, said managing director Eric Yong Shang Ming. He said there were still potentials for mid- to high-range properties. “For the lower end, the market is currently sluggish but is expected to pick up in the second half of the year,” he told reporters at the launch of the Two-Riffic Bonanza Lucky Draw Campaign at the Greens@Subang West sales gallery in Shah Alam on Friday.

The Greens is a freehold residential development comprising 646 condominium units developed on 2.83ha with a total gross development value of RM400mil. He said prior to the launch, Crest Builder had attracted a 50% take-up rate for the first of the two phases of development. 

“We expect the public to react positively to the property as there are still opportunities, particularly in the range of RM500,000 to RM800,000. “The target market for the condominiums is first-time home buyers and young executives,” he said. The condominiums are available in eight different types of layouts from three bedrooms, terrace units and penthouse with built-up ranging from 915 sq ft to 1,830 sq ft. The units are priced from RM568,800 upwards and the expected completion date is June 2018. 

On future plans, Yong said Crest Builder would develop its transit-oriented-development of residential and commercial units in Dang Wangi in the second half of 2017. “We will also be looking to launch an office building and three residential towers in Jalan Ampang, Kuala Lumpur, via a joint-venture with the Malaysian Rubber Board in 2018,” he said. 

Crest Builder is principally an investment holding company and has a strong foothold in the local construction industry. - Bernama 

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