KSH snags Seastrand contract worth S$110m

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KSH Holdings Limited, an established property developer and management group, has successfully clinched a S$110.28 million contract for the development of the Seastrand condominium project in Pasir Ris.

Under the contract, KSH will build seven 11-storey and two 12-storey residential blocks with a total of 473 units. The group will also build one multi-storey car park, two shops, a swimming pool and other communal facilities.

“This is one of the larger contracts that we have secured recently and this speaks volumes of KSH’s consistent ability to provide quality construction services,” said Choo Chee Onn, Executive Chairman and Managing Director of KSH Holdings.

“We are confident that our excellent reputation and solid track record will sweeten our odds of capturing the increasing opportunities unfolding in the industry.”

Secured from Precious Sand Pte Ltd., a joint venture (JV) company between a Frasers Centrepoint Limited subsidiary and a Far East Organization company, the 30-month contract boosts the group’s existing construction order book to over S$467 million.

KSH’s existing order book is expected to be completed after the financial year ending 31 March 2014.

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