Results 1 to 2 of 2

Thread: First step in shaping Punggol Waterway

  1. #1
    mr funny is offline Any complaints please PM me
    Join Date
    May 2006
    Posts
    8,129

    Default First step in shaping Punggol Waterway

    http://www.businesstimes.com.sg/sub/...16399,00.html?

    Published January 29, 2009

    Koh Brothers wins $145m HDB contract

    By UMA SHANKARI


    (SINGAPORE) The Housing and Development Board (HDB) said yesterday that it has awarded a $144.6 million contract to build the first part of Punggol Waterway to Koh Brothers. The win brings the value of contracts Koh Brothers has on hand to over $690 million.


    Waterfront town: An artist's impression of the new Punggol development. Construction of the first part of Punggol Waterway - a 2.4km stretch of a total 4.2km waterway connected to Sungei Punggol - is set to start next month and will be completed by the fourth quarter of 2010.

    Construction of the waterway is scheduled to start next month and will be completed by the fourth quarter of 2010. The waterway is part of the government's plan to make Punggol a 'waterfront town'.

    Koh Brothers expects the contract win to have a material impact on its financial performance for the year ending Dec 31, 2009. Chief executive Francis Koh said he is confident the company's track record and ability to innovate will serve it well as it continues to tender for higher-value projects.

    The contract, awarded to Koh Brothers' fully-owned subsidiary Koh Brothers Building & Civil Engineering Contractor, includes construction of the 2.4km waterway and related engineering works in Punggol Town. This 2.4km stretch is the first part of a planned 4.2km waterway connected to Sungei Punggol.

    'Residents can look forward to enjoying various recreational activities ranging from water sports to a leisurely walk along a landscaped promenade on both banks of the waterway,' HDB said.

    HDB launched more than 4,000 flats in Punggol last year. The agency also plans to launch the first site at Punggol's town centre for a mixed commercial and private residential development by 2010/2011.

    By end-2011, there will be about 23,000 completed flats in Punggol. In the longer term, another 21,000 public and private homes will be built along the waterway, HDB said.

    Koh Brothers shares closed unchanged at 13 cents last Friday, the last day the stock was traded.

  2. #2
    mr funny is offline Any complaints please PM me
    Join Date
    May 2006
    Posts
    8,129

    Default

    http://www.straitstimes.com/Singapor...ry_331576.html

    January 29, 2009 Thursday

    First step in shaping Punggol Waterway

    By Jessica Cheam



    THE grand vision of transforming Punggol into Singapore's first waterfront public housing town begins in earnest next month when construction gets under way.

    A $144.6 million contract for the first part of the Punggol Waterway has been awarded to Koh Brothers Building and Civil Engineering Contractor, said the Housing Board (HDB) yesterday.

    The 2.4 km stretch - the entire waterway will be 4.2 km long - is expected to be completed late next year, the HDB said.

    Punggol Waterway is part of the 'Punggol 21-plus' masterplan unveiled by Prime Minister Lee Hsien Loong in his National Day Rally speech in 2007.

    The new town will boast features like a freshwater lake and a waterway running through the estate, with homes and a town centre on the banks.

    The coastal suburb will also have facilities for water sports, gardens and parks with jogging tracks, and eateries for al-fresco dining, Mr Lee had said.

    The Punggol Waterway, which will be connected to Sungei Punggol, will have an average depth of 4m, with its width varying from 10 to 85m.

    HDB said yesterday its plans to launch the first sale site at Punggol's Town Centre for a mixed commercial and private residential development 'are also on track'.

    The board launched more than 4,000 flats in Punggol last year. By end-2011, there will be about 23,000 completed flats in the area.

    In the longer term, a further 21,000 public and private homes will be built 'along the waterway for residents to enjoy waterfront housing', said the HDB.

Similar Threads

  1. Step by Step guide buying Property in Singapore Oct 2018.
    By Arcachon in forum Coffeeshop Talk
    Replies: 0
    -: 27-10-18, 19:07
  2. Exec condo along Punggol Waterway launched
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 07-11-14, 18:19
  3. Khaw : Shaping The Taper
    By princess_morbucks in forum HDB, EC, commercial and industrial property discussion
    Replies: 2
    -: 18-12-13, 01:17
  4. HDB snags global award for My [email protected]
    By reporter2 in forum HDB, EC, commercial and industrial property discussion
    Replies: 0
    -: 28-05-13, 16:12
  5. Replies: 0
    -: 19-04-13, 20:52

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •