PETALING JAYA: HCK Capital Group Bhd has appointed Binastra Builders Sdn Bhd, a wholly owned subsidiary of Binastra Corporation Bhd, as the main contractor to complete the development of Subang Sentral (formerly Remix 1), marking a major milestone in reviving the long-stalled project.
The recent signing of the Letter of Award (LoA) is expected to accelerate progress, providing relief to more than 2,500 buyers who have been awaiting completion of their purchased units for over a decade.
HCK Capital executive chairman Tan Sri Clement Hii said the company looks forward to collaborating with Binastra to bring Subang Sentral back to life.
“Our focus is on quality and timely delivery for all buyers. We are committed to completing the project without additional costs to purchasers, while enhancing the surrounding area with infrastructure improvements that benefit the community,” he said.
The previously stalled Remix 1 site faced environmental and structural challenges.
HCK Capital has conducted comprehensive assessments, engaging independent and original project consultants to ensure safety and compliance with current building standards.
The mixed development will be a smart, low-carbon city that includes an international school, a health hub, an adult learning centre, and a pet-friendly tower.
Binastra has a strong track record in delivering landmark projects, with recent notable contract awards including Causewayz Square @ JBCC, The Address @ Taman Pelangi in Johor Bahru and The Queenswoodz in Bukit Jalil.
Its expertise in large-scale residential developments gives great confidence that Subang Sentral will be completed to modern standards.
It is understood that in almost all cases, 90% of their purchase price had been drawn down by the original developer.
Binastra managing director Datuk Jackson Tan Kak Seng expressed his excitement about this new contract.
“Our leadership team has a proven track record in executing successful turnarounds. We previously stepped in as the white knight to rescue Comintel from its PN17 status, successfully regularising the group and safeguarding the interests of approximately 1,500 shareholders.
“Following this, we were involved in revitalising the Empire Residence project, where three residential developments have since obtained their certificates of completion and compliance.
“With Subang Sentral, we are proud to once again contribute our expertise towards the revival of a long-abandoned development together with our new client.
“The project carries not only commercial significance but also a strong social responsibility, as more than 2,500 homebuyers have waited many years for their homes to be completed.
“Our involvement reflects the commitment to deliver quality construction and support broader efforts to restore confidence in the property development ecosystem.
“Leveraging our extensive experience in high-rise residential and mixed-use developments, we aim to complete the project safely, efficiently and to the highest standards, while contributing to the transformation of the area and bringing renewed vibrancy to Subang Jaya,” he said.
This RM316.5 million LOA marks Binastra’s second new contract win year-to-date for FY27, bringing its total outstanding order book to RM7.1 billion.
Subang Sentral is part of HCK’s strategic property portfolio, which has a total GDV of approximately RM15 billion across the Klang Valley.
The total construction costs for the Subang Sentral project, to be divided into 4 phases, are estimated at over RM1 billion.
Following the successful completion of Edumetro (formerly Remix 2), HCK is confident that its proven “white knight” approach can bring Subang Sentral to a timely completion, providing long-awaited closure for buyers and enhancing the Subang Jaya skyline.
