The joint venture, Centurion-Lian Beng (Ubi), is 51% held by Centurion, known for operating a chain of workers and students’ dormitories, and 49% held by Lian Beng, a leading construction company that also has interests in workers accommodation and property development.
A Centurion-Lian Beng joint venture has been awarded a $40.2 million to lease a plot of land to build a workers’ dormitory.
The 7,044.8 sqm land, with a lease of 30 years, is at Ubi Avenue 3, and can be built a dormitory with 1,650 beds.
