Lian Beng subsidiary wins $278.5m development contract in Silat Avenue
It will develop 2 blocks of 56-storey apartments with 955 units.
Lian Beng Group’s 60%-owned subsidiary United Tec Construction bagged a contract worth $278.5m from United Venture Development (Silat) for the proposed residential flat development comprising two blocks of 56-storey apartments with a total of 955 units.
According to an announcement, the development has landscape, multi-storey, and basement carparks, communal facilities and additions. It also has alterations to existing five blocks of conserved four-storey flats with 136 units involving new shops and a childcare centre.
The contract period shall be 42 months and is expected to commence in August 2018. As at 23 August 2018, the Lian Beng’s order book stood at approximately $1.2b, which it said, will provide a sustainable flow of activity through FY2022.
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