Local building construction company Lian Beng Group has won a $119.5-million contract to build the 99-year leasehold condominium project, The Scala, located at Serangoon Avenue 3, close to NEX Mega Mall and Lorong Chuan MRT Station.
The contract was awarded by property developer Hong Leong Group. The contract covers the construction of five 17- to 18-storey apartment blocks, as well as the construction of podium and basement carparks and other recreational and communal amenities.
Construction of the new development is expected to commence in October and be completed in 2013.
The Scala project is Lian Beng’s second building contract it had secured since June this year, after it won an $88.28-million contract from UOL Development to build a 36-storey residential project at Spottiswoode Park Road.