Chip Eng Seng Clinches $32.9mil Upgrading Contract From HDB
The contract links with the style and develop of improvement jobs for certain precincts in SG– which is, Serangoon Ave 1/ Central, Blocks 401 – 414; Serangoon Ave 1/ Cntrl, Blks 415 – 427; Lengkong Tiga, Blocks 101 – 116 together with Ubi Avenue 1, Blocks 301, 302, 304 to 306.
During 29 December, CES revealed that the written agreement is going to be finalized in 2 sections, with the first segment entailing the style’s approval together with generating of pamphlets and even ballot papers.
The following component will entail the process of enhancing tasks in the units related to the previously mentioned blocks. For this section, the wrap-up duration is 1 and half yrs toward the Serangoon and Lengkong Tiga area, as well as 9 months for the Ubi district.
“Task for the second section will kick off at the time of drafted ruling from HDB,” explained CES.
The business anticipates the agreement to favorably result in its gains per allotment along with its net tangible assets for the coming financial year closing 31 December 2021.