Chip Eng Seng Clinches $32.9mil Upgrading Contract From HDB
The deal links with the model plus produce of enhancing plans for certain precincts in SG– namely, Serangoon Avenue 1/ Central, Blks 401 to 414; Serangoon Avenue 1/ Cntrl, Blks 415 to 427; Lengkong Tiga, Blocks 101 – 116 together with Ubi Avenue 1, Blks 301, 302, 304 to 306.
During Tuesday 29 December, Chip Eng Seng informed that the contract will be accomplished in two sections, with the leading part involving the model’s green light including generating of brochures as well as polling papers.
The following component will involve the process of upgrading tasks inside of the units in regard to the previously mentioned blks. Intended for this section, the finalization time frame is 18 mths for the Serangoon as well as Lengkong Tiga precincts, and 9 calendar months for the Ubi district.
“Labour for the 2nd component are going to get started upon drafted order coming from Housing and Development Board,” said Chip Eng Seng.
The firm forecasts the agreement to efficiently benefit its profits per allotment in addition to its net substantial assets for the following fiscal year concluding last day of 2021.