Lian Beng Group: S$117m contract win boosts order book to S$664m
Lian Beng Group has secured a S$117m contract for the construction of Skies Miltonia, a condominium development of TG Master Pte Ltd, at the junction of Yishun Avenue 1 and Miltonia Close. The project 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. Construction is due to start next month and will take about 33 months to complete. The new contract strengthens the group’s order book to S$664m as at 18 Feb 2013, with projects lasting through FY2016.
We are keeping Lian Beng UNDER REVIEW pending a change in analyst.
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