Singapore-based construction company Lian Beng Group announced that it has clinched a S$150.7 million contract to build Hedges Park, a private residential condo located at Upper Changi Road North / Flora Drive.
The contract will cover the building and earthworks of the project, which will house a total of 501 residential units. The project, which has a total land area of around 330,000 sq ft, also features a basement car park, swimming pools, ancillary and landscape facilities.
Lian Beng noted that the Building & Construction Authority’s (BCA) projection of construction demand will likely hit between S$22 billion and S$28 billion, where 65 percent of the total demand will come from building projects.
Looking ahead, “we will continue to tender for more construction projects in both the public and private construction sectors,” said Ong Pang Aik, Chairman and Managing Director of Lian Beng Group.
The project is due to start this month and is scheduled for completion by August 2014. The company said the project is expected to contribute to its revenue from FY2012 to FY2014.
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