Chip Eng Seng Clinches $32.9mil Upgrading Contract From HDB

The contract links to the layout plus produce of enhancing plans for various precincts in SG– particularly, Serangoon Avenue 1/ Central, Blks 401 – 414; Serangoon Ave 1/ Cntrl, Blks 415 to 427; Lengkong Tiga, Blks 101 to 116 and also Ubi Avenue 1, Blocks 301, 302, 304 – 306.

Avenue South Residences floor plan

On 29December 2020, Chip Eng Seng revealed that the written agreement is going to be finalized in two components, with the leading part including the concept’s authorization together with printing of leaflets and also polling papers.

The second section is going to entail the process of improvement labours inside of the units in regard to the abovementioned blks. Regarding this portion, the achievement time frame is 1.5 yrs on the Serangoon and Lengkong Tiga area, as well as nine months for the Ubi district.

“Effort for the 2nd segment are going to get started upon drafted order from Housing and Development Board,” mentioned CES.

The business foresees the deal to favorably result in its profits per share as well as its after deductions substantial possessions for the next fiscal year closing last day of 2021.

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