Boustead Projects lands contract valued at more than S$200 million from Surbana Jurong

Singapore two-dollar bills

Boustead Projects said on Friday it obtained a contract valued at more than S$200 million to build a global headquarters for Surbana Jurong at the 600-hectare Jurong Innovation District in Singapore.

The project will have a gross floor area of around 68,915 square meters, with construction already underway and expected to be completed by 2021, it said in a filing to SGX on Friday.

The Surbana Jurong campus design is aimed at achieving the Building & Construction Authority’s (BCA) Green Mark Platinum Certification for super low energy buildings, it said. The project will also use information modelling and virtual design, it said.

Thomas Chu, managing director of Boustead Projects, said the project was the company’s first in the Jurong Innovation District.

“This project will also showcase how we continue to advance and transform our engineering and construction solutions through the adoption of leading and emerging technologies in integrated digital construction and Industry 4.0,” Chu said in the statement.

The project brings the company’s orderbook backlog to S$747 million, which is unrecognized project revenue from the end of September and the total value of new orders since then, Boustead Projects said.

Surbana Jurong is an Asia-based urban and infrastructure consulting firm, it said.

In a separate filing, Boustead Singapore said the contract win by its 53 percent owned subsidiary, Boustead Projects, brought its orderbook backlog to around S$860 million.

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