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SHS subsidiary wins $28.1 mil modular construction contracts

PC Lee Published on Wed, May 02, 2018 / 5:53 PM GMT+8

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SINGAPORE (May 2): SHS Holdings has won contracts that could mean the start of more projects using its Modular - Off-Site construction technology.

Subsidiary TLC Modular secured two modular construction contracts amounting to NZ$30 million ($28.1 million) to build a serviced apartment project and a hotel consisting of 20 modular units in New Zealand’s South Island.

The first contract, through a Letter of Agreement, was for a design-and-build contract with Remarkables Residences, a subsidiary of Singapore-listed Global Yellow Pages, for the development of a 79 keys service apartment comprising 217 modules in Queenstown, New Zealand which is targeted to be completed in FY2019.