KSH Holdings, the construction, property development and property management group, today announced a new contract win worth $70.6 million from Lippo Real Estate, a subsidiary company under Lippo Group, for the construction of Centennia Suites — a luxury 36-storey freehold strata development in the prime River Valley Road area.

Under the terms of the contract, KSH will start construction, completion and maintenance works on the development’s 36-storey residential tower block. This includes one level basement carpark, ancillary buildings, communal facilities and other associated works. Construction is scheduled to start on July 15, 2010 and is expected to be completed within 34 months.

KSH Holdings says this is the second residential project that the group has been awarded by Lippo Group, following the ongoing Marina Collection residential development at Sentosa Cove.

With this new contract win, the existing order book of the group’s construction business now stands at $355 million. The unfulfilled contract value for all existing contracts on hand is expected to be completed by May 2013.