KSH inks S$50mn deal with Mount Alvernia Hospital

Construction works on hospital’s car park block, front lobby & side entrance extension boosts order book to S$385mn.

KSH Holdings Limited (“KSH”), a well-established construction, property development and property management group, today announced that the Group has been awarded a contract win worth S$49.9 million from Mount Alvernia Hospital for the additions and alterations to Mount Alvernia Hospital’s car park block, front lobby & side entrance extension.

With this new project, the existing order book of the Group’s Construction business elevates to over S$385.0 million. The project will commence on 6 October 2011 or upon the issuance of “Permit to Commence Works” by the Building and Construction Authority, whichever is the latest. The contract period of the project is for a duration of 23 months.

Commented Mr Choo Chee Onn , Executive Chairman and Managing Director of KSH Holdings, “We are pleased to win this contract from Mount Alvernia Hospital. KSH endeavours to build up a balanced portfolio of public and private sector construction projects. 76.9% of our order book is now contributed by private residential projects, 13.0% from private non-residential project and the remaining coming from public sector projects. With a strong track record and excellent reputation in the industry as a provider of quality services, we are confident of our position to seize more contract wins.”

Mount Alvernia Hospital is a not-for-profit hospital located at 820 Thomson Road. Under the terms of the contract, KSH will be constructing an extension to the front lobby of Mount Alvernia Hospital and an extension to the side entrance. In addition, the Group will also be constructing a new medical suite block for a period of 23 months, according to a KSH report.

For the public sector, KSH is constructing two primary schools at Punggol Site 18 and Sengkang Site 12A for Ministry of Education. Under the private residential sector, the Group is constructing the Ardmore Three – an ultra niche 36-storey 84-units development in Ardmore Park as well as the luxurious Centennia Suites, a 36-storey freehold strata development in the prime River Valley Road area. Another prestigious on-going development is the Madison Residences, an 18-storey condominium in Bukit Timah, and Watten Residences, a 59-unit freehold strata homes development. Some of KSH’s other notable completed high-end residential projects includes The Orange Grove in Stevens Road and Marina Collection, Seascape, The Coast and Turquoise in Sentosa Cove.

The existing order book of over S$385.0 million is expected to be completed by May 2014.