Homegrown developer Lian Beng Group has secured a S$78 million construction deal to build Centro Residences, a condominium development located just opposite Ang Mo Kio MRT Station.
The contract was awarded by the Far East Group and covers the construction of a 34-storey residential tower with a multi-storey carpark, clubhouse, swimming pool and playground.
Work on the development is expected to start in March and will be completed by January 2013.
Just last week, Lian Beng announced that it would be constructing a condominium development at Dakota Crescent for S$144 million.
Combined, the two contracts will add some S$222 million to the group’s order book.
With the addition of the Centro Residences contract, Lian Beng’s order book now stands at S$820 million.
Source : Channel NewsAsia – 16 Mar 2010
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