KUALA LUMPUR (March 18): Binastra Corporation Bhd has been appointed to undertake the long-awaited completion of the Subang Sentral development in Subang Jaya, with the contract valued at approximately RM316 million. The project revival marks a significant step in restoring investor confidence in delayed mixed-use developments within key growth corridors across Selangor.

Under the scope of works, Binastra will complete several partially constructed components, including the basement levels, podium parking structure, Tower A and designated lifestyle office suites featuring small-office configurations. The contract also covers the construction of two additional towers, alongside associated parking facilities and infrastructure enhancements. The overall construction timeline is estimated at 42 months, with the commencement date to be finalised at a later stage.

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Reviving a Dormant Landmark Project Along a Strategic Highway Corridor

The development — previously known as Remix 1 — had remained stalled since 2019 due to financial constraints faced by the original developer. Situated prominently along the Shah Alam Expressway (Kesas Highway), the site was less than one-third completed before work ceased.

Project owner HCK Capital Group Bhd later stepped in as a restructuring partner to revive the scheme following insolvency proceedings involving the previous developer. The revitalisation initiative also carries a strong social dimension, as more than 2,500 buyers have been awaiting completion of their units for several years.

According to the developer, the renewed construction effort will proceed without imposing additional financial burden on purchasers, while planned infrastructure upgrades are expected to improve connectivity and overall liveability within the surrounding community.

Subang Sentral is envisioned as a multi-phase integrated development with an estimated total project cost exceeding RM1 billion, reinforcing Subang Jaya’s position as a mature urban centre with continued redevelopment potential.

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Order Book Growth and Market Implications for Commercial and Industrial Property

This latest award has pushed Binastra’s outstanding order book beyond RM7 billion, representing a new milestone for the construction group. The company had earlier secured another major contract valued at RM503 million for the construction of a data centre in Kuala Lumpur, highlighting sustained activity in technology-driven real estate segments.

From a property market perspective, the revival of large-scale mixed-use projects in strategic nodes such as Subang Jaya is likely to stimulate broader demand across related asset classes. For example, improving infrastructure and employment growth can enhance interest in nearby industrial property in the Subang area, particularly among logistics and light manufacturing operators seeking established industrial ecosystems.

Similarly, developers and occupiers continue to evaluate opportunities involving industrial land in Selangor, especially in well-connected townships that support expansion of technology, warehousing and service industries. Demand trends also point to rising enquiries for factory space in Puchong, where access to highways and workforce catchment areas strengthens long-term investment potential.

On the commercial front, evolving workplace strategies and decentralisation trends are supporting take-up for office space in Bukit Jalil and other strategically located commercial property in KL, particularly within integrated developments offering retail, lifestyle and transit connectivity.

Overall, the Subang Sentral revival signals renewed momentum in Klang Valley’s redevelopment landscape — creating ripple effects that could unlock fresh opportunities across Malaysia’s industrial and office property sectors.