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Lum Chang unit wins S$155.5 million contract to refurbish former State Courts building

MAINBOARD-LISTED construction group Lum Chang Holdings has clinched a S$155.5 million contract to refurbish the iconic former State Courts building in Havelock Square.

The contract value, which includes an optional five-year maintenance service package worth S$9.4 million, takes wholly-owned Lum Chang Building Contractors’ outstanding construction works yet to be reported as revenue to S$1.9 billion.

But the latest award is not expected to have a material impact on the group’s financial results for the year to June 30, the board said on Monday. The project is expected to begin on Aug 3 and construction will take 28 months, with revenue to be recognised progressively.

With the State Courts having already shifted to adjacent 35-storey towers, The Octagon at Havelock Square is slated to house the Family Justice Courts after retrofitting.

Lum Chang beat seven other bidders, including Tiong Aik Construction, in the two-envelope tender for additions and alterations to the conserved nine-storey octagonal building.

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It will carry out structural strengthening and façade conservation works, as well as lay new floor slabs and replace the lifts, among other activities.

The counter closed flat at S$0.315, before the latest announcement.

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