Monday, 18 February 2013

Dividend Chaser saw Lian Beng secured 117m contract

Lian Beng construction group said it has secured a $117 million contract for the construction of Skies Miltonia, a condominium development of TG Master, through the group’s wholly-owned subsidiary, Lian Beng Construction (1988).

The project, located at the junction of Yishun Avenue 1 and Miltonia Close, involves the construction of eight 13-storey residential blocks with penthouse and one 3-storey residential block, totalling 420 units, as well as basement car park, swimming pool, communal facilities and shops.

The new contract brings the group’s order book to about $664 million as at 18 February 2013.

The construction of Skies Miltonia is due to commence in March 2013 and will take about 33 months to complete.

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