Chip Eng Seng Clinches $32.9mil Upgrading Contract From HDB
The deal associates with the concept plus construct of upgrading jobs for particular area in SG– namely, Serangoon Avenue 1/ Central, Blks 401 to 414; Serangoon Avenue 1/ Cntrl, Blks 415 to 427; Lengkong Tiga, Blocks 101 – 116 and Ubi Avenue 1, Blocks 301, 302, 304 to 306.
On 29Dec, CES reported that the agreement will be performed in 2 parts, by having the initial segment including the model’s validation plus generating of sales brochures and also ballot documents.
The following component will require the executing of enhancing jobs inside of the units referring to the abovementioned blocks. Intended for this portion, the conclusion phase is 1 and half yrs on the Serangoon as well as Lengkong Tiga precincts, as well as nine calendar months for the Ubi precinct.
“Services for the second section are going to begin upon written advice from Housing and Development Board,” stated Chip Eng Seng.
The organization hopes for the deal to favorably add to its profits per allotment as well as its net physical resources for the following fiscal year ending 31 December 2021.