Read article: Prices Remained As HDB Resales Flat During Pandemic

Prices Remained As HDB Resales Flat During Pandemic

Lian Beng Construction has secured a contract by means of a tender from NovaSims Development for the proposed residential apartment development value roughly $174m, according to a media release.

It entails assembling five blocks of apartments with 566 units.

This arrangement requires the construction of five cubes of 18-storey residential apartments, which might create a total of 566 units. Additionally, it contains a child care center with four-storey multi-storey vehicle park, 1 basement car park, swimming pool and communal facilities MK24 on Bulk 11029X Sims Drive (Geylang Planning Area).

The contract period shall be 36 months and is anticipated to start in June.

As of 11 May, Lian Beng Group, that completely owns Lian Beng Construction, has an order book that stood about $1.7b, which it hopes to offer a sustainable flow of action through FY2023.