Chip Eng Seng Clinches $32.9mil Upgrading Contract From HDB

The agreement relates to the model plus produce of upgrading projects for a number of area in SG– which is, Serangoon Ave 1/ Cntrl, Blks 401 to 414; Serangoon Ave 1/ Cntrl, Blocks 415 to 427; Lengkong Tiga, Blocks 101 to 116 plus Ubi Avenue 1, Blks 301, 302, 304 – 306.

Ki Residences floor plan

During Tue 29Dec, Chip Eng Seng made known that the written agreement will be carried out in 2 parts, by having the leading part requiring the creation’s approval as well as generating of flyers and ballot documents.

The following part is going to involve the process of improvement labours inside of the units related to the abovementioned blocks. Concerning this part, the fulfillment time period is eighteen calendar month for the Serangoon and Lengkong Tiga area, and nine months for the Ubi area.

“Labour for the 2nd component will start upon written ruling coming from HDB,” revealed CES.

The business forecasts the agreement to efficiently increase its earnings per share as well as its net verifiable resources for the following financial year closing 31 December 2021.

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