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...
Lian Beng Group
Homegrown building construction company Lian Beng has reported a profit of S$24 million for the full year ended May. This was a 41.3 per cent increase compared to the same period a year ago. The company said this was driven by strong performance across the construction, property development and ready-mixed concrete divisions. Revenue for the year stood in at S$345.7 million, a 12.1 per cent increase...
Construction company Lian Beng has clinched a S$88 million contract to build a condominium development at Spottiswoode Park Road. Awarded by UOL Development, the contract will cover the construction of a 36-storey residential tower, and other ancillary facilities. This marks the Group's fourth building contract from the private residential sector since March. This latest contract will boost Lian Beng's...
LIAN Beng Group yesterday posted a towering 52 per cent increase in nine-month net profit to $17.4 million, from $11.4 million a year earlier. Revenue for the nine months ended Feb 28, 2010, climbed 4.5 per cent from $230.1 million to $240.5 million. The company had earlier posted revenue of $157.6 million and net profit of $11.3 million for the six months ended Nov 30, 2009. Assuming no restatement of...
CONSTRUCTION player Lian Beng Group has won a $78 million contract from Far East Group to build Centro Residences, with completion expected by January 2013. The deal - the second in two weeks for Lian Beng - is for a 34-storey residential tower, multi-storey carpark, clubhouse, swimming pool, playground and ancillary facilities at Far East's condominium development opposite Ang Mo Kio MRT Station. Work is...
Homegrown developer Lian Beng Group has secured a S$78 million construction deal to build Centro Residences, a condominium development located just opposite Ang Mo Kio MRT Station. The contract was awarded by the Far East Group and covers the construction of a 34-storey residential tower with a multi-storey carpark, clubhouse, swimming pool and playground. Work on the development is expected to start in...
LIAN Beng Group has bagged a $144 million building contract for a condominium development at Dakota Crescent. The design-and-build contract was awarded by UOL Development (Dakota) Pte Ltd. The development comprises 616 apartment units in three 19-storey blocks and four 20-storey blocks, and a six-storey carpark building with a roof garden, a swimming pool and other ancillary facilities. The project is...
Mainboard-listed construction firm Lian Beng Group on Tuesday said its half year net earnings rose 28 per cent to S$11.4 million from a year earlier. This was on the back of a 4 per cent rise in revenue to S$157.6 million for the six months ended November. Lian Beng said the top-line growth was driven by revenue recognition on progress made in the construction of various projects. These include the Ritz...
DESPITE its ups and downs, property appears to be the main investment path for those with surplus cash who want to diversify from their existing businesses. So it was with stockbrokers Han Seng Juan and David Loh Kim Kang when they founded Centurion Properties a couple of years ago. They’re the “David and Han Team” or “The Dream Team”, as they are popularly known in the stockbroking world, due...
Construction firm Lian Beng Group has won three new construction and civil engineering contracts worth a total of S$117 million. Two of the deals are for construction projects in the private residential sector. The first contract, worth some S$36 million, is awarded by Sing Holdings for the construction of Bellerive Condominium, a private residential development located at the junction of Keng Chin Road...