Chip Eng Seng Clinches $32.9mil Upgrading Contract From HDB

The contract relates to the model and produce of upgrading projects for a few districts in Singapore– particularly, Serangoon Ave 1/ Cntrl, Blks 401 to 414; Serangoon Avenue 1/ Cntrl, Blocks 415 – 427; Lengkong Tiga, Blks 101 to 116 plus Ubi Ave 1, Blocks 301, 302, 304 to 306.

During Tue 29Dec, CES made known that the deal will be accomplished in 2 segments, with the very first part including the concept’s validation plus printing of pamphlets and even ballot papers.

Piermont Grand floor plan

The 2nd section is going to involve the undertaking of improvement services inside of the units concerning the abovementioned blks. Regarding this segment, the wrap-up period of time is 1.5 yrs for the Serangoon and Lengkong Tiga precincts, and 9 months for the Ubi precinct.

“Effort for the 2nd segment will commence at the time of written order from HDB,” said CES.

The contractor looks forward to the deal to favorably support its earnings per share along with its net material resources for the following financial year concluding 31 December 2021.


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