Singapore-based building construction group Lian Beng has secured a S$128.8 million contract to build the Waterfront Isle condo project at Bedok Reservoir Road, boosting its order book to around S$941 million.
The company said the contract was awarded to its subsidiary, Deenn Engineering by FCL Peak, a joint venture (JV) company between Far East Organization (FEO) and Frasers Centrepoint.
It added that the deal includes the construction of the whole development, which comprises four 15-storey blocks of residential units with two basement carparks, ancillary facilities and swimming pools.
Construction works for the project will commence next month and are expected to be completed by October 2014.
In addition, Lian Beng expects the project to contribute to its revenue from FY2012 to FY2014.
To contact the journalist, you may send your message to editor@propertyguru.com.sg