Pek Lian Guan, CEO of Tiong Seng Holdings. NextInsight file photoTHE ORDER BOOK of mainboard-listed construction group and property developer, Tiong Seng Holdings, has now exceeded S$1.47 billion, the largest among Singapore-listed contractors.This came about after its subsidiary, Tiong Seng Contractors, was awarded 2 contracts worth a total of S$223.4 million.
The bulk of the S$1.47-billion order book is expected to be fulfilled over the next 12 to 30 months.
The latest contracts are from SP Setia International for a condominium project and Kallang Development for the development of terrace houses.
Notably, these are maiden contracts for Tiong Seng from both developers, an affirmation of the Group’s growing influence in the construction industry.
Mr Pek Lian Guan, CEO of Tiong Seng Holdings, said: “We are excited about our first collaborations with leading international developer, SP Setia, and boutique developer, Kallang Development.
"Both projects are iconic additions to our track record of private residential projects, and a testament to our strength in precast construction and capabilities in marrying design with buildability. We plan to adopt the use of technologies such as precast and Cobiax in the construction of these projects, which will ensure quality workmanship and smooth delivery.”
In addition, the SP Setia project in Chestnut Avenue, the Eco Sanctuary condominium, is the latest in Tiong Seng's lineup of projects that promote energy savings, water savings, healthier indoor environments as well as the adoption of extensive greenery.
It has the Building and Construction Authority’s Green Mark Platinum award.
"Both projects are iconic additions to our track record of private residential projects, and a testament to our strength in precast construction and capabilities in marrying design with buildability. We plan to adopt the use of technologies such as precast and Cobiax in the construction of these projects, which will ensure quality workmanship and smooth delivery.”
In addition, the SP Setia project in Chestnut Avenue, the Eco Sanctuary condominium, is the latest in Tiong Seng's lineup of projects that promote energy savings, water savings, healthier indoor environments as well as the adoption of extensive greenery.
It has the Building and Construction Authority’s Green Mark Platinum award.
For more details, see Tiong Seng's press release.
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Ong Pang Aik, chairman and MD of Lian Beng Group. NextInsight file photoLian Beng Group, a BCA Grade A1 construction group, said its wholly-owned subsidiary, Lian Beng Construction, has clinched a S$220 million contract for the construction of the 868-unit Bartley Ridge.
Mr Ong Pak Aik, Lian Beng’s Chairman and MD, said, “The successful tender for a project at a value of S$220 million boosted our order book to a robust S$884 million as at 25 March 2013.”
The Bartley Ridge project, located along Mount Vernon Road opposite Bartley MRT station, involves the construction of eight 18-storey and one 19-storey residential towers with penthouses, totalling 868 units.
The project also includes basement carparks, a landscape deck, and communal and clubhouse facilities such as swimming pools, tennis courts and a hydrotherapy oasis.
Recent story: Insider moves: LIAN BENG, OCEANUS
The project also includes basement carparks, a landscape deck, and communal and clubhouse facilities such as swimming pools, tennis courts and a hydrotherapy oasis.
Recent story: Insider moves: LIAN BENG, OCEANUS
