Chip Eng Seng Clinches $32.9mil Upgrading Contract From HDB
The written agreement links to the concept plus build of enhancing jobs for certain area in SG– that is, Serangoon Ave 1/ Central, Blks 401 – 414; Serangoon Avenue 1/ Cntrl, Blks 415 – 427; Lengkong Tiga, Blks 101 – 116 and also Ubi Avenue 1, Blocks 301, 302, 304, 305 and 306.
On 29December 2020, Chip Eng Seng shared that the written agreement is going to be carried out in 2 segments, by having the very first section associating the layout’s authorization and generating of leaflets and also polling materials.
The 2nd section will engage the process of progressing tasks within the units in regard to the previously mentioned blks. With respect to this component, the achievement phase is 18 mths on the Serangoon and Lengkong Tiga precincts, as well as nine calendar months for the Ubi area.
“Service for the second part are going to commence upon noted instruction from HDB,” revealed Chip Eng Seng.
The contractor foresees the deal to favorably increase its gains per allotment as well as its net physical properties for the coming FY closing 31Dec 21.