reporter2
12-01-12, 16:00
http://www.businesstimes.com.sg/sub/companies/story/0,4574,473012-1326225540,00.html?
Published January 10, 2012
KSH Holdings wins $110m condo contract
This raises its construction business order book to above $467m
By EDWIN LOH
KSH Holdings has secured a $110.28 million condominium contract, raising its construction business order book to above $467 million.
The 30-month contract was awarded by Precious Sand Pte Ltd, a joint venture between Far East Organization and Frasers Centrepoint.
It is for the construction of Seastrand, a condominium development in Pasir Ris comprising two blocks of 12-storey residential buildings and seven blocks of 11-storey residential buildings, with a total of 473 units.
The contract also involves the construction of two shops, one multi-storey carpark, a swimming pool, and other communal facilities.
'This is one of the larger contracts that we have secured recently and this speaks volumes of the company's ability to provide quality construction services,' said KSH executive chairman and managing director Choo Chee Onn.
Among condominium projects that KSH is currently constructing are Eight Courtyards, which comprises five blocks of 14-storey and seven blocks of 15-storey residential buildings with a total of 654 units; Ardmore Three, a 36-storey, 84-unit development in Ardmore Park; Centennia Suites, a 36-storey freehold strata development in the prime River Valley Road area; and Madison Residences, an 18-storey condominium in Bukit Timah.
KSH said that its other notable completed residential projects include The Orange Grove at Stevens Road and Marina Collection, Seascape, The Coast, and Turquoise at Sentosa Cove.
Besides being a main contractor in the public and private construction sectors in Singapore and for the private sector in Malaysia, KSH is also involved in property development and property management in Singapore and China.
For the fiscal second quarter ended Sept 30, KSH posted a net profit attributable to shareholders of $5.2 million, up 24.1 per cent year on year. Revenue fell 24.2 per cent to $54.4 million.
Shares of KSH closed trading yesterday at 20.5 cents apiece, down half a cent.
Published January 10, 2012
KSH Holdings wins $110m condo contract
This raises its construction business order book to above $467m
By EDWIN LOH
KSH Holdings has secured a $110.28 million condominium contract, raising its construction business order book to above $467 million.
The 30-month contract was awarded by Precious Sand Pte Ltd, a joint venture between Far East Organization and Frasers Centrepoint.
It is for the construction of Seastrand, a condominium development in Pasir Ris comprising two blocks of 12-storey residential buildings and seven blocks of 11-storey residential buildings, with a total of 473 units.
The contract also involves the construction of two shops, one multi-storey carpark, a swimming pool, and other communal facilities.
'This is one of the larger contracts that we have secured recently and this speaks volumes of the company's ability to provide quality construction services,' said KSH executive chairman and managing director Choo Chee Onn.
Among condominium projects that KSH is currently constructing are Eight Courtyards, which comprises five blocks of 14-storey and seven blocks of 15-storey residential buildings with a total of 654 units; Ardmore Three, a 36-storey, 84-unit development in Ardmore Park; Centennia Suites, a 36-storey freehold strata development in the prime River Valley Road area; and Madison Residences, an 18-storey condominium in Bukit Timah.
KSH said that its other notable completed residential projects include The Orange Grove at Stevens Road and Marina Collection, Seascape, The Coast, and Turquoise at Sentosa Cove.
Besides being a main contractor in the public and private construction sectors in Singapore and for the private sector in Malaysia, KSH is also involved in property development and property management in Singapore and China.
For the fiscal second quarter ended Sept 30, KSH posted a net profit attributable to shareholders of $5.2 million, up 24.1 per cent year on year. Revenue fell 24.2 per cent to $54.4 million.
Shares of KSH closed trading yesterday at 20.5 cents apiece, down half a cent.