Lian Beng wins S$101m contract for Waterfront Key project in Bedok

Construction firm Lian Beng has clinched a contract worth S$101 million to build a residential project at Bedok Reservoir called Waterfront Key.

The contract was awarded by FCL Peak, a joint venture between Frasers Centerpoint and Far East Organization.

It covers the construction of about 440 apartment units in eight blocks, together with a basement car park, swimming pool and other facilities.

Work on the Waterfront Key project is expected to start in the fourth quarter of the year and be completed within 32 months.

Lian Beng said this latest contract will boost its order book to about S$617 million.

The company recently reported a record profit of S$17.2 million on revenue of S$308.4 million for the financial year ended May.

The strong growth was due to increased construction activities as the firm made good progress in the various projects currently under construction.

Source : Channel NewsAsia – 18 Aug 2009

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