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Chip Eng Seng unit bags S$98.7m HDB contract

THE Housing & Development Board (HDB) has awarded a S$98.7 million building works contract to Chip Eng Seng Contractors (1988), a wholly-owned subsidiary of mainboard-listed real estate group, Chip Eng Seng. 

The contract relates to building works to be undertaken at Tampines. These include the construction of six blocks, connecting linkways and linkbridges, a multi-storey car park, precinct pavilions, a roof garden as well as a childcare centre, the company said in a regulatory filing on Monday. 

The construction period is 30 months, starting from March 2020. 

Chip Eng Seng shares closed at S$0.59 on Friday, down S$0.01 or 1.7 per cent.