Koh Brothers wins $98m BTO contract

Project to start in March.

In a release, Koh Brothers Group Limited today announced that it has been awarded a contract worth approximately S$98.0 million from the Housing Development Board (“HDB”) for building and contingency works at Vine Grove @ Yishun.

Vine Grove @ Yishun, nestled between Yishun Ring Road and Yishun Avenue 4, is a Build-To-Order (“BTO”) project that was introduced to the market through HDB’s July 2013 sales exercise. Works under the contract include the construction, completion and maintenance of five 13-storey blocks and one seven-storey block, comprising 696 residential units. The project is expected to commence in March 2014 for a duration of 31 months.

Mr Francis Koh, Managing Director and Group CEO of Koh Brothers, said: “We are excited to be engaged for another public sector project. The Group’s familiarity in construction has been polished from nearly five decades of skillful workmanship in both public and private sectors.

In addition, given that a significant 16% of this BTO project involves precast elements such as façade slabs, horizontal slabs as well as offsite fabrication, Koh Brothers’ synergistic and unparalleled capabilities in precast, through our building and materials division, positions us well to execute public sector construction projects efficiently.

”Our greater emphasis placed on precast is in line with the government’s push towards greater efficiency and productivity for the construction industry.

We’ve recently opened our first precast plant in Senai, Iskanda Malaysia in view of the government’s intention to ramp up housing supply to 90,000 private units and 110,000 public homes by 2016 and are well-placed to cater to this project.”