White knight appoints Binastra to revive Subang Sentral project

2026-03-18 - 11:21

Subang Sentral (formerly Empire Remix 1) was less than one-third completed when construction stopped in 2019. (Facebook pic) PETALING JAYA: Binastra Corp Bhd has been handed a RM316 million contract to complete construction of the abandoned Subang Sentral project in Subang Jaya. The construction group was appointed to revive the project by HCK Capital Group Bhd, the white knight which took over the stalled project in USJ1, formerly known as Empire Remix 1. The project was less than one-third completed when construction stopped in 2019 and eventually abandoned after its developer encountered financial difficulties. In a filing today, Binastra said the works will cover a partially completed basement, podium car park, Tower A, and “lifestyle office, small office units”. The contract will include another two new towers, and parking and related infrastructure works. It said the construction works should be completed within 42 months, with the start date to be determined later. Binastra managing director Jackson Tan said the project carries not only commercial significance but also a strong social responsibility. “More than 2,500 homebuyers have waited many years for their homes to be completed,” he said in a statement today. Empire Remix 1 and 2 were originally launched in 2012 by True Renaissance Development Sdn Bhd, a unit of Mammoth Empire Holding Sdn Bhd. They had an estimated gross development value (GDV) of RM2.3 billion. The development orders for the projects were obtained in 2014 and 2016, respectively. True Renaissance was wound up by the Insolvency Court in May 2024. Mammoth Empire was also the developer of Empire Subang mall (now Nu Empire) and the original developer of Empire Damansara. HCK, controlled by tycoon Clement Hii, had previously taken over the Remix 2 project, adjacent from Remix 1. It was completed in 2023 and has since been renamed Edumetro. HCK had taken on the task of reviving Remix 2 after it bought three towers in the development en bloc. “We are committed to completing the project without additional costs to purchasers, while enhancing the surrounding area with infrastructure improvements that benefit the community,” Hii Chii said in a joint statement today. Subang Sentral will be developed in four phases at an estimated cost of over RM1 billion. For Binastra, the latest contract win brings its total outstanding jobs to over RM7 billion, an all-time high. Last month, it bagged a RM503 million contract for the development of a data centre in Kuala Lumpur. Its shares closed 1 sen lower at RM2.04, valuing the group at RM2.23 billion. HCK closed unchanged at RM2.19, giving it a market capitalisation of RM1.37 billion.