KSH wins 1st NUS contract worth S$83.4m
It will build 2 residential college blocks, 5 common facility buildings
CONSTRUCTION, development and property management group KSH Holdings has won its maiden contract from the National University of Singapore (NUS), worth $83.4 million.
KSH will build two residential college blocks and five blocks of common facility buildings for NUS University Town.
The contract has boosted KSH’s order book to $438 million, with projects expected to last until 2011.
KSH expects the NUS project to have a positive impact on its finances for the financial year ending March 31, 2010.
Construction work started yesterday and is expected to be completed within 22 months.
KSH executive chairman and managing director Choo Chee Onn said: ‘We are delighted by this first contract from NUS, which will strengthen our public sector experience. Having completed institutes of learning and schools such as Nanyang Polytechnic, Anchor Green Primary School and North Vista Primary School, we consider this an endorsement of the quality work we deliver.’
KSH’s has ongoing projects in the residential, commercial and industrial sectors. Notable completed projects include Tanah Merah Ferry Terminal, Choa Chu Kang Sports Complex and condominiums such as Montview and The Coast.
Mr Choo said: ‘The NUS project is in line with our strategy of maintaining a good mix of construction projects across multiple industry segments, and will be a great boost to our portfolio.’
KSH’s shares closed at 26.5 cents yesterday, up two cents from the previous day’s 24.5 cents.
Source : Business Times – 25 Jun 2009
CONSTRUCTION, development and property management group KSH Holdings has won its maiden contract from the National University of Singapore (NUS), worth $83.4 million.
KSH will build two residential college blocks and five blocks of common facility buildings for NUS University Town.
The contract has boosted KSH’s order book to $438 million, with projects expected to last until 2011.
KSH expects the NUS project to have a positive impact on its finances for the financial year ending March 31, 2010.
Construction work started yesterday and is expected to be completed within 22 months.
KSH executive chairman and managing director Choo Chee Onn said: ‘We are delighted by this first contract from NUS, which will strengthen our public sector experience. Having completed institutes of learning and schools such as Nanyang Polytechnic, Anchor Green Primary School and North Vista Primary School, we consider this an endorsement of the quality work we deliver.’
KSH’s has ongoing projects in the residential, commercial and industrial sectors. Notable completed projects include Tanah Merah Ferry Terminal, Choa Chu Kang Sports Complex and condominiums such as Montview and The Coast.
Mr Choo said: ‘The NUS project is in line with our strategy of maintaining a good mix of construction projects across multiple industry segments, and will be a great boost to our portfolio.’
KSH’s shares closed at 26.5 cents yesterday, up two cents from the previous day’s 24.5 cents.
Source : Business Times – 25 Jun 2009
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Join us at the latest real estate online club TODAY! REAL ESTATE AND PROPERTY INVESTMENT ClUB is a social network catered for the real estate professionals, investors and bankers. An online social network for the real estate community to come together to leverage on each other's relationships and expertise. Join us at http://www.repic.socialgo.com
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