Tiong Seng wins S$192m contract from HDB

Posted on CNA on 04 April 2011 2258 hrs


SINGAPORE : Mainboard-listed construction group Tiong Seng Holdings has won a S$192 million contract from the Housing and Development Board (HDB) for the construction of Waterway Terraces in Punggol West.

The building contract includes construction of electrical substations, car parks, a mini-market and ancillary shops, an education centre, child care centre, residents' community centre, student care centre, a green rain garden, linkways and related civil engineering works, the company said.

The 1,072-unit Waterway Terraces forms part of HDB's three projects launched in June 2010, and is an award-winning "First Waterfront Housing" project situated along the Punggol Waterway.

The project is designed with eco-friendly features in line with HDB's plans to develop Punggol into an eco-town.

Waterway Terraces has already been conferred the Green Mark (Platinum) Award for its eco features.

Tiong Seng said works on the project will commence in April 2011 and is expected to be completed by September 2014.

- CNA/al

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