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Publish Date : 04-Oct-2012

King Wan Corporation Limited said on Wednesday that its wholly owned subsidiary, King Wan Construction Pte Ltd, had secured five mechanical and electrical (M&E) contracts worth $30.77 million since August 2012.

The new contracts consist of three HDB projects located at Bukit Panjang, Bukit Batok and Sembawang as well as two condominium projects, which are expected to be completed progressively from 2014 to 2015.

In addition, the group\'s 35 per cent associate, Meadows Bright Development Pte Ltd, together with Hock Lian Seng Holdings Limited, has been awarded the tender by the Urban Redevelopment Board for a residential site at Dairy Farm Road at a tender price of $244.32 million. The partners are now looking into the possibility of developing the site into a mid-range condominium of about 400 units.

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