Lian Beng Group, the homegrown building construction company, has clinched a $88.28 million contract to build a condominium development located at Spottiswoode Park Road.

Awarded by UOL Development, the contract will cover the construction of one 36-storey residential tower, a six-storey carpark, swimming pool, and other ancillary facilities.

This marks the group’s fourth building contract from the private residential sector since March. The group was earlier on awarded contracts by Sing Holdings and Far East Group for the construction of The Laurels and Centro Residences respectively. A third contract for the construction of Waterbank at Dakota was also awarded by UOL Development.

This latest contract will boost Lian Beng’s order book to approximately $940 million.

Work on the development is scheduled to begin in July 2010, and is expected to be complete by the second quarter of 2013.

For the nine months ended 28 February 2010, Lian Beng reported a 52% growth in net profit attributable to shareholders to $17.4 million. This came on the back of a 4.5% improvement in revenue to $240.5 million. The Group will be reporting its full year results at the end of July.