Inta Bina launches RM291m Senja Residensi @ Bukit Jelutong

Inta Bina Group Bhd is undertaking its second property development, Senja Residensi @ Bukit Jelutong in Shah Alam, Selangor, with a gross development value of RM290.96 million. The project comprises 499 serviced apartments across two blocks and 16 ground-floor shop units.

PETALING JAYA (Oct 2) — Inta Bina Group Bhd is undertaking its second property development project, Senja Residensi @ Bukit Jelutong in Shah Alam, Selangor, with a forecast gross development value (GDV) of approximately RM290.96 million.

In a Bursa Malaysia filing on Friday (Oct 2), the construction group said its wholly owned subsidiary Seiring Setia Sdn Bhd will undertake the development, comprising 499 serviced apartments across two residential blocks and 16 ground-floor shop units. The project is located at No. 3 (Lot 76108), Jalan Bazar U8/100, Bukit Jelutong, Section U8.

The development commenced on Oct 1 and is expected to be completed within 36 months from the commencement date. The construction contract is to be awarded to Inta Bina Sdn Bhd, another wholly owned subsidiary of the group. The filing did not disclose the proposed contract value.

Block A will house 247 serviced apartments across 19 residential floors from Levels 8 to 26, while Block B will contain 252 units across 18 residential floors from Levels 8 to 25. The project will also include parking podiums and resident amenities such as a multipurpose hall, prayer rooms, a gymnasium, a yoga room, a swimming pool, a children’s playground and a community garden.

In an accompanying press release, managing director Paul Lim said Senja Residensi follows the delivery of vacant possession for the group’s first development in mid-July 2026. “We view property development as a complementary growth platform alongside our core construction business,” he said. “The project supports our strategy of creating long-term shareholder value through a more balanced earnings profile comprising both construction and property development activities.”

Inta Bina intends to fund the development through internally generated funds and/or external borrowings. The group said the development is expected to contribute positively to future earnings throughout the development period and upon the sale of the completed development, subject to project progress, market conditions and achievement of the forecast GDV. It said it does not foresee significant risks other than operational risks associated with the development during construction.

The board said the development is in the group’s best interest, is being undertaken in the ordinary course of business and does not require shareholder approval.