Yongnam wins S$88m contract for retail, entertainment hub in one-north

Construction group Yongnam Holdings has won an S$88 million contract to build the Integrated Civic, Cultural, Retail and Entertainment Hub at one-north.

The integrated hub is part of a 200-hectare development at Buona Vista known as Vista Xchange.

The area aims to integrate living, working, relaxation and learning facilities when fully operational.

Under the deal, Yongnam will construct the integrated hub and supply its necessary structural steelworks.

Work will start at the end of this year and is expected to be completed by January 2011.

Yongnam said the contract is not expected to have any material impact on its earnings for current financial year ending December.

Source : Channel NewsAsia – 2 Dec 2008

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