Chip Eng Seng Clinches $32.9mil Upgrading Contract From HDB

The deal in regards to the creation and also produce of upgrading tasks for certain precincts in SG– which is, Serangoon Ave 1/ Cntrl, Blocks 401 – 414; Serangoon Ave 1/ Cntrl, Blocks 415 to 427; Lengkong Tiga, Blocks 101 to 116 plus Ubi Avenue 1, Blocks 301, 302, 304 – 306.

Klimt Cairnhill floor plan

During Tuesday 29 December, CES made public that the agreement is going to be achieved in 2 sections, with the initial part requiring the creation’s validation plus producing of sales brochures and ballot papers.

The second component will entail the task of upgrading services within the units in regard to the previously mentioned blocks. For this part, the conclusion period of time is eighteen mths on the Serangoon and Lengkong Tiga precincts, as well as nine mths for the Ubi district.

“Job for the 2nd segment will get started upon documented information via Housing and Development Board,” claimed CES.

The organization expects the deal to favorably contribute to its profits per share along with its after deductions substantial possessions for the following financial year as at 31Dec 21.

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