KSH Holdings has secured a $171.8 million design and build contract under the Biopolis Phase 6 development in one-north as well as works at the adjacent Buona Vista Node of the rail corridor from HB Universal, a wholly-owned subsidiary Ho Bee Land.
Under the scope of the project, KSH will construct the proposed Biomedical Sciences development consisting of a 12-storey tower block with two basement carparks and rail corridor works at North Buona Vista Drive (Queenstown Planning Area).
The project, which will boost KSH’s order book to over $615 million, is expected to commence in April and will be completed in 27 months.
SEE:KSH reports higher 2Q earnings of $6 mil on higher topline plus results from associates
Choo Chee Onn, executive chairman and managing director of KSH, says the company’s order book has a good mix of public and private projects.
“Our order book is now lifted to over S$615.0 million with a desirable ratio of 56:44 in terms of private and public projects. This is a good start to the year 2021, and we look forward to a great year ahead, supported by our healthy pipeline of major public projects, and expectations of construction recovery in the upcoming year,” he says.
Shares in KSH closed flat at 36 cents on April 5.
