Homegrown building construction company Lian Beng has clinched a S$119.5 million contract to build The Scala – a 99-year leasehold condominium development located at Serangoon Avenue 3.
The contract was awarded by the Hong Leong Group and covers the construction of five 17- to 18-storey blocks.
It also covers the construction of podium and basement carparks, clubhouse, and other recreational and communal facilities.
Work on the development is expected to commence in October and be completed by the fourth quarter of 2013.
This is the second building contract Lian Beng has secured since the beginning of its financial year in June and this brings its order book to approximately S$965 million.
In late June, the group was awarded an S$88.3 million contract by UOL Development to build a 36-storey residential development at Spottiswoode Park Road.
Source : Channel NewsAsia – 2 Aug 2010