Soilbuild gets S$50m contract for Kallang factory project

PROPERTY group Soilbuild Construction Group announced on Wednesday that it has been awarded a S$50 million contract by SB (Waterfront) Investment.

The contract is for a seven-storey general industrial factory development at No 171 Kallang Way.

The project is to be completed in the third quarter of 2019.

With the award of this contract, Soilbuild said the group's order book stands at some S$574.2 million, as at the end of June 2017 - along with new orders since - of which S$389.6 million are domestic construction projects, and S$184.6 million are construction projects in Myanmar.

Soilbuild said the award of the contract is not expected to have a material impact on the consolidated net tangible assets and earnings per share of the group for the current financial year ending Dec 31, 2017.