The Housing Development Board (HDB) has awarded a S$192 million contract to Tiong Seng Contractors Ltd, a wholly-owned subsidiary of Tiong Seng Holdings Limited, for the construction of the 1,072-unit Waterway Terraces in Punggol West.
The building contract also includes the construction of car parks, an education centre, a community centre, student and childcare centre, mini-market and ancillary shops, electrical substations, a green rain garden, linkways and other related civil engineering works.
“We are delighted with this significant award by HDB,” said Mr. Pek Lian Guan, Chief Executive of Tiong Seng Holdings Ltd.
Waterway Terraces is one of HDB’s three projects launched in June last year. It is an award-winning “First Waterfront Housing” project situated along the Punggol Waterway.
The project is designed with eco-friendly features, in line with HDB’s plans to develop Punggol as an Eco-Town, with Waterway Terraces conferred with the Green Mark (Platinum) Award for its eco features.
“Punggol is designed as an eco-town and Tiong Seng is well positioned to manage this Punggol West project, as we have a good track record in constructing green buildings in Singapore, as well as being awarded BCA’s ‘Built Environment Leadership’ and ’Green and Gracious Builder’’accolades,” said Mr. Pek.
“The Group is also part of a tripartite joint venture (JV) to develop the first riverfront eco-neighbourhood at Tianjin Eco-City in China.”
Works on the project will start this month and are expected to be completed by 1Q 2015.