Thursday, December 20, 2012

BBR nabs $182.9m contracts to build 1,282 HDB flats

Brings current order book to S953m.

In a release, Mainboard-listed BBR Holdings (S) Ltd (BBR) announced that it has won two contracts worth S$182.9m to build a total of 1,282 units of Housing and Development Board (HDB) flats.

The first contract is for buidling and contingency works for 808 HDB flats at Kallang Whampoa and is scheduled to be completed in different phases by end 2015. The works include two blocks, a roof garded, resident committee centre, minimarket, precint pavilion, an education centre, link bridges and other related engineering works. This contract was secured through BBR's subsidiary, Singapore Piling & Civil Engineering Private Limited.

The second contract is for similar type of works for 474 HDB flats at Sengkang Neighbourhood 2 and is scheduled to be completed in different phases by April 2015. The works include seven blocks, a childcare centre, roof garden, driveway and service roads. This contract was secured througha another BBR subsidiary, Singa Develpment Pte Ltd.

Mr Andrew Tan, BBR Group’s Chief Executive Officer said: “Despite the economic uncertainties clouding the horizon in the global economy, I am very pleased to seal these two contracts after the hard work put in by the BBR team. These two new contracts are our third and fourth with the HDB. We started working with the HDB in 2009 when we were involved in building 864 flats in Yishun Neighbourhood 4 while our second deal was in November 2011 to build 1,386 flats at Pasir Ris Neighbourhood 5. We are glad that the Group’s current order book has grown stronger, standing at approximately S$953 million with projects lasting to 2015. We will continue to build on our strengths and work hard to secure more projects in order to grow our businesses."

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C
Senior Sales Director
DTZ Debenham Tie Leung (SEA) Pte Ltd (L3006301G)

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