Chip Eng Seng wins S$156m HDB contract

Mainboard-listed construction firm Chip Eng Seng has won a S$156 million contract to design and build residential units in Punggol West for the Housing and Development Board (HDB).

The deal includes the construction of a car park and community facilities.

Construction is expected to begin in April next year, pending HDB approval, and is estimated to take 30 months to complete.

This is the third construction contract awarded to Chip Eng Seng by the HDB this year.

The two other contracts include building five 25-storey blocks in Sengkang, as well as 1,394 public housing units in Queenstown.

The company’s order book currently stands at S$843 million.

Source : Channel NewsAsia – 2 Sep 2008

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