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. ) A* Y+ V% G- l
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Lian Beng will build The Ritz-Carlton Residences through its Millennium International Builders unit. + o' d2 J2 _' l4 B, E
; x' C2 }+ K) M* ~" L mThe deal was awarded by Royce Properties, a subsidiary of Hayden Properties.
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" \( j& M4 c) z$ A( o1 s! R( ?: M, QThe 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. ' g( S2 p" p0 t- z0 C
2 Z2 [ O9 J6 j8 B d7 w# o/ c' w6 @/ yIt 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. * v+ N2 Z6 p+ V# ~6 d
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The latest contract boosts Lian Beng's order book to some S$770 million. - CNA/ms
