SINGAPORE (June 18): Lian Beng Group says that its wholly-owned subsidiary, Lian Beng Construction (1998), has secured a contract from Tripartite Developers for a proposed condominium development for $95.8 million.

Under the contract, the group will develop nine blocks of 8-storey residential building (total 428 units), as well as one block of clubhouse with one basement carpark, swimming pool and tennis court at Flora Drive.

The contract period will be for 33 months and is expected to start in July.

Including this contract, the group’s order book stands at about $1.02 billion on Monday. The group says that this will provide a sustainable flow of activity through FY22.

Shares in Lian Beng closed at 56 cents on Monday.