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Singapore : Lian Beng\'s JV wins $169m condo contract
Publish Date : 22-Aug-2012
Lian Beng Group Ltd on Tuesday said its 50:50 joint venture company, Paul Y - Lian Beng JV Pte Ltd, has secured a $169 million contract from Luxury Green Development Pte Ltd.
The contract will see the company provide construction, completion and maintenance for a proposed residential development at Upper Thomson Road, known as Thomson Grand.
Thomson Grand will be a condominium housing development comprising nine blocks of 20-storey residential flats and 22 two-storey strata landed houses, with one basement car park, swimming pool and ancillary facilities.
Work is expected to commence in August 2012 and is due to be completed by February 2015.
The contract is expected to have a positive financial impact on the net tangible assets per share and earning per share of the group for the current financial year ending May 31, 2013.
