Chip Eng Seng Clinches $32.9mil Upgrading Contract From HDB
The written agreement pertains to the layout plus build of progressing jobs for some precincts in S’pore– namely, Serangoon Ave 1/ Cntrl, Blocks 401 to 414; Serangoon Ave 1/ Central, Blks 415 to 427; Lengkong Tiga, Blks 101 – 116 together with Ubi Ave 1, Blks 301, 302, 304 – 306.
On 29December 2020, CES made known that the contract will be undertaken in 2 sections, with the leading segment requiring the design’s authorization together with generating of leaflets and even polling papers.
The following component is going to entail the undertaking of improvement labors inside of the units pertaining to the previously mentioned blks. Intended for this segment, the achievement period of time is eighteen calendar month on the Serangoon and Lengkong Tiga precincts, and 9 calendar months for the Ubi area.
“Services for the 2nd component will commence upon noted direction coming from Housing and Development Board,” mentioned Chip Eng Seng.
The company looks forward to the written agreement to favorably benefit its profits per share as well as its net tangible assets for the coming financial year concluding 31Dec 21.