Lian Beng to build Ritz-Carlton Residences
Singapore homegrown construction group Lian Beng has clinched a contract worth S$99.5 million to build a high-end residential project at Cairnhill Road. + C! o6 E( Y M6 f% k
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Lian Beng will build The Ritz-Carlton Residences through its Millennium International Builders unit. ' T; |' P" K% y# n# ?; V6 a
C, k) w+ D) vThe deal was awarded by Royce Properties, a subsidiary of Hayden Properties. 6 Z7 H: B9 R- W2 F4 L( @2 @
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The project is the first luxury condominium project to be launched by The Ritz-Carlton Hotel Company in Asia and will feature 58 apartment units - including two penthouses - in a 36-storey block. " A' ^% p. L0 Y, U
! K- ]# o+ T8 a! T; EIt will occupy land area of some 60,000 square feet at Cairnhill Road and work is expected to commence in the third quarter of this year.
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6 u# P$ G6 S( T) [5 k3 ^# K$ z, dThe latest contract boosts Lian Beng's order book to some S$770 million. - CNA/ms