Soilbuild Construction lands around S$163M contract to build industrial factory project

Mural of construction gear in Singapore's Little India neighborhood.Mural of construction gear in Singapore's Little India neighborhood.

Soilbuild Construction has landed a contract from SB (Ipark) Investment to erect four eight-storey and nine-storey blocks of a multiple-user general industrial factory development for a total of around S$162.5 million, the company said in a filing to SGX Monday.

The project, which will include a carpark, industrial canteen and other facilities, is located at Tai Seng Avenue, Soilbuild said.

The contract brings the group’s orderbook to around S$551 million as of the end of September, plus new orders since then, Soilbuild said.

Around S$505.3 million of the orderbook is from construction projects, while S$45.7 million is for precast supply and delivery contracts, Soilbuild said.

The contract is considered an interested-person transaction as the project owner is a wholly owned subsidiary of Soilbuild Group, which counts Lim Chap Huat, Soilbuild Construction’s executive chairman, as its sole shareholder, the filing said.

While you’re here, we’re hoping you can help us out.

Shenton Wire has been providing you with quick news and market analysis. But we need your support to continue to bring you the news you’ve come to expect and to expand our reach beyond Singapore.

Your monthly contribution will directly fund our journalism.

S$2     S$4       S$8

S$18       S$28       S$88


We also accept PayPal contributions



Check your existing account here and sign in to Shenton Wire here.

Contact us about other contribution levels or for corporate subscriptions and article syndication.