BTO Tampines Green Gem is being built. The new contract adds $684.6 million to Koh Brothers Eco’s order book

Koh Brothers Eco Engineering announced that its wholly-owned subsidiary, Koh Brothers Building & Civil Engineering Contractor (KBCE) along with its joint venture partner LBD Engineering, has secured an $186.0 million contract with the Housing & Development Board (HDB) for the construction of the Kallang Integrated Development.

TMW Maxwell showflat address sited on the 20 Maxwell Road site is a 13-storey commercial development with a potential gross floor area (GFA) of 21,746 sqm.

In this contract the joint venture firm (JVCo) will participate in the development of public housing, a covered connection along Lorong 1 Geylang, and road construction works. In terms of the facilities required that will be used in this project the contract will cover the building of a child care center and future communal facilities as well as an environmental deck (including the fire protection system at the bus interchange). Additionally to that, JVCo will be involved in the construction of a bus interchange. JVCo will also be involved in the building of an interchange for buses, the improvement work between the MRT station and the bus interchange, as and landscaping work.

With the group’s 10% stake in JVCo the agreement will increase the order book of $684.6 million as of Dec 31, 2022, to $703.2 million, and extend the its duration to 2027.

Koh Brothers Eco’s CEO Paul Shin says: “We are thrilled to utilize our experience in building to assist this unique integrated public project situated near the Kallang River, with close proximity to the Kallang MRT station. Our strong order book is supported by this joint venture project along with the ongoing mechanical electrical, instrumentation control and automation (MEICA) work at the Tuas Water Reclamation Plant, which will provide an ongoing, steady maintenance income following completion in 2025. The company will continue to draw on our vast experience in civil engineering and construction to capitalize on the growing demand for public sector infrastructure.”

The shares of Koh Brothers Eco closed at 3.3 cents on June 13.