Lian Beng secures S$435m construction contract, its biggest so far
Add BT as a preferred source
CONSTRUCTION and property group Lian Beng has clinched its biggest-ever construction contract - of about S$435 million.
In a news release on Monday evening, the group said its wholly owned subsidiary, Lian Beng Construction (1988), was awarded the contract by the Housing & Development Board (HDB) to build a high-rise multi-user industrial complex along Kim Chuan Road in the Defu South area.
With this contract win, Lian Beng has strengthened its order book to around S$644 million as at March 6, 2017, which will provide a sustainable flow of activities through FY2020, the group added.
Construction for its latest contract is expected to begin in the second quarter of this year and will take about 36 months to complete.
The proposed high-rise multi-user industrial complex, named Defu Industrial City, is part of the HDB's initiative to redevelop Defu Industrial Estate into "a Green and Sustainable Industrial Park of Tomorrow", Lian Beng noted.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Should you sacrifice some CPF Life income in favour of ILPs? Tread carefully
