Sysma unit wins $20 mil contract to build Nassim Road bungalow

Sysma unit wins $20 mil contract to build Nassim Road bungalow

By: 
Michelle Zhu
25/03/19, 05:41 pm

SINGAPORE (Mar 25): Sysma Holdings says its construction unit, Sysma Construction, has secured a $20 million contract to erect a bungalow at 54 Nassim Road for “an established private owner”.

Spanning two storeys, the bungalow will feature an attic and swimming pool. 

In its filing to the SGX on Monday, Sysma says its new contract will span sixteen months commencing from the date of approval from the relevant authorities, which it anticipates to receive by April 2019.

Sysma does not anticipate the contract to have a material impact on the group’s NTA per share for the current financial year.

Shares in Sysma closed 4.05% lower at 14 cents on Monday.

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