Lian Beng secures $65.9m condo deals

Singapore Companies
Published December 6, 2006

Lian Beng secures $65.9m condo deals

CONSTRUCTION group Lian Beng has secured contracts worth $65.9 million to design and build two condominium projects, it said yesterday.

The first project is a 121-unit development at St Patrick's Road, in the Marine Parade area. Construction will start in January next year and is expected to be completed in August 2009.

The second project is a 140-unit development at Jalan Mata Ayer, off Sembawang Road. Construction will start next June and is expected to take two years. The contracts were awarded by UIC Investment Pte Ltd.

The St Patrick's Road development comprises three five-storey blocks and two eight-storey blocks of condominium apartments with basement carparks. The contract also includes additions and alterations to two existing conservation bungalows there, said Lian Beng.

The Jalan Mata Ayer development comprises 11 five-storey blocks of apartments, including a basement carpark and a swimming pool. The group said the contracts are not expected to have a material impact on its earnings for its current financial year ending May 2007.