Tuesday, October 27, 2009

Lian Beng bags $112.7m contract

Lian Beng Group has bagged a $112.7 million contract for the construction of The Gale, a freehold condominium development located on Flora Road, it said on Tuesday.

The design-and-build contract was awarded by Tripartite Developers Pte Ltd (part of the Hong Leong Group) and covers the construction of 329 apartment units within nine 8-storey blocks, together with a basement carpark, clubhouse, swimming pool and other communal facilities. Work on the development is expected to commence in November 2009 and be completed by November 2012.

This contract comes two months after the group was awarded the job of building Waterfront Key, a 437-unit joint-venture development between Frasers Centrepoint & Far East Organization, and will boost Lian Beng’s order book to about $658 million. The group’s existing project portfolio includes the development of camp facilities at Kranji, Kovan Residences, Amber Residences, The Ritz-Carlton Residences, Cairnhill Singapore.

Going forward, Lian Beng will continue to actively tender for more construction projects, both in the public and private sectors, it said.

Source: Business Times, 27 Oct 2009

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