Chip Eng Seng Corporation (CES Corporation), the wholly-owned subsidiary of Chip Eng Seng Corporation has been awarded a $244.8 million building works contract by the Housing & Development Board (HDB).

The contract will see CES Corporation undertake buildings works at Pasir Ris Neighbourhood 5 Contract 26 and 27.

The works include the construction of 10 blocks with a single-storey car park, single-storey commercial facilities, two precinct pavilions, three electrical substations and communal facilities.

The contract begins in May and will last for 52 months.

Shares in Chip Eng Seng closed 0.5 cent lower or 1.0% down at 48.5 cents on April 23.