Chip Eng Seng Clinches $32.9mil Upgrading Contract From HDB
The contract associates with the model and build of progressing projects for a few precincts in SG– which is, Serangoon Avenue 1/ Central, Blocks 401 to 414; Serangoon Ave 1/ Central, Blocks 415 to 427; Lengkong Tiga, Blks 101 – 116 together with Ubi Avenue 1, Blks 301, 302, 304 – 306.
On 29Dec, Chip Eng Seng revealed that the deal is going to be performed in two parts, by having the first segment entailing the style’s validation including printing of sales brochures and even ballot documents.
The second part is going to call for the task of progressing jobs inside of the units related to the abovementioned blocks. Regarding this section, the conclusion duration is seventy-two weeks to the Serangoon and Lengkong Tiga precincts, and nine calendar months for the Ubi district.
“Effort for the 2nd segment are going to commence upon noted instruction coming from HDB,” claimed CES.
The company foresees the written agreement to favorably help in its profits per allotment along with its net tangible assets for the following fiscal year concluding 31Dec 21.