Chip Eng Seng Clinches $32.9mil Upgrading Contract From HDB
The contract links to the concept and also develop of upgrading plans for some precincts in SG– namely, Serangoon Avenue 1/ Central, Blks 401 – 414; Serangoon Ave 1/ Central, Blks 415 – 427; Lengkong Tiga, Blks 101 – 116 plus Ubi Avenue 1, Blocks 301, 302, 304 – 306.
On Tuesday 29 December, Chip Eng Seng announced that the agreement will be executed in two parts, by having the very first part entailing the creation’s green light together with generating of pamphlets and ballot materials.
The 2nd portion will entail the executing of improvement works in the units of the previously mentioned blocks. With respect to this portion, the achievement phase is eighteen calendar month to the Serangoon and Lengkong Tiga area, as well as nine calendar months for the Ubi area.
“Labor for the second segment will get started upon noted order coming from HDB,” mentioned Chip Eng Seng.
The business anticipates the written agreement to favorably result in its revenues per allotment along with its after deductions substantial resources for the following financial year as at 31Dec 21.