KSH Holdings clinch 3 projects worth $63.9m
PROPERTY and construction group KSH Holdings said yesterday it has clinched three contracts with a combined value of $63.9 million, bringing the total value of contracts it has secured this year to $281 million.
With the three fresh contracts, the group’s order book has risen to $332.2 million.
Two of the new projects involve industrial developments. The third is a 30-unit strata title detached and semi-detached housing development.
The first two projects were awarded to wholly-owned subsidiary Kim Seng Heng Engineering Construction (KSHEC) by Ho Bee group to build clean and light industrial projects.
The first, a nine-storey building at Genting Lane, has a contract value of $14.9 million.
The second is for an eight-storey building at New Industrial Road with a contract value of $14.8 million.
The third contract is from Brisbane Development to construct 30 houses in Old Holland Road. The value of this contract is $34.2 million. It comprises 24 two-storey strata semi-detached and six two storey strata detached houses.
KSH’s executive chairman and managing director Choo Chee Onn said the latest contracts and the strong growth in the group’s order book reflect its growing stature. Some of its key private sector projects include exclusive condominium projects such as The Coast and The Berth By The Cove. Its public sector portfolio includes Choa Chu Kang Sports Complex, Nanyang Polytechnic and Tanah Merah Ferry Terminal.
Source : Business Times - 22 May 2007
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