Established construction, property development and property management group KSH Holdings Limited has clinched a S$78.7 million contract from Botanica Pte Ltd, a wholly-owned subsidiary of Wheelock Properties, for the construction of the Ardmore Three development.
Under the terms of the contract, KSH will begin construction of the project in June. This will include communal facilities, a swimming pool, basement carparks and other associated works.
“We are pleased to be awarded the Ardmore Three project,” said Mr. Choo Chee Onn, Executive Chairman and Managing Director of KSH Holdings.
“Having successfully built up a portfolio of high-end luxurious residential projects, we have a wealth of experience and expertise that we will tap on in the construction of Ardmore Three. We believe that this contract win serves as a vote of confidence in the high quality of work that KSH is known to deliver.”
Located in Ardmore Park, Singapore’s most desirable residential enclave, Ardmore Three is a 36-storey, 84-unit freehold development that offers convenient access to the heart of Orchard Road, while retaining exclusivity, away from the hustle and bustle of the city.
With this new contract, the company’s existing order book now stands at around S$245 million. It also expects its unfulfilled contract value for all existing contracts to be completed by August 2013.
Mr. Choo noted that the company will “continue to maintain a healthy balance of both public and private projects.”
“We do so with the aim of diversifying our portfolio in the construction business, and in turn develop a competitive edge that will allow us to tender for a wide range of projects in both the public and private sectors,” he said.
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