KSH subsidiary wins S$76.9m contract to build KAP & KAP Residences

Soon to rise at King Albert Park.

KSH Holdings Limited (KSH) has announced that its wholly-owned subsidiary, Kim Seng Heng Engineering Construction (Pte) Ltd., has won a S$76.9 million construction contract for the construction, completion and maintenance of a proposed seven-storey mixed use development, KAP & KAP Residences, at 11 King Albert Park, Singapore.

The seven-storey mixed use development is expected to comprise a two-storey commercial podium, two four and five-storey residential blocks, 142 residential units, and two basement carparks. This contract was awarded by Oxley Sanctuary Pte. Ltd, a consortium in which the Group has a 12.6% effective equity interest. Under this contract, construction will commence on 1 April 2014 and is targeted to be completed by 25 August 2016.

Said Mr. Choo Chee Onn, Executive Chairman and Managing Director of KSH, “We are pleased to have clinched this construction project, which is also our first win in 2014. With KSH’s top expertise in construction for a wide variety of sectors, strong proven track record and our strong network of business partners and developers, the Group is attractively positioned to market our capabilities when suitable opportunities in Singapore’s private sector are identified, and to win them.

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