Lian Beng wins $435 mil construction contract from HDB

SINGAPORE (March 6): Lian Beng Group’s wholly-own subsidiary, Lian Beng Construction, has secured a $435 million contract from the Housing & Development Board (HDB) to build a high-rise multi-user industrial complex at Kim Chuan Road.

Named Defu Industrial City, the industrial complex is part of HDB’s initiative to redevelop the 30-year-old Defu industrial estate under the HDB masterplan.

In an SGX filing on Monday, Lian Beng says this is the group’s largest-ever construction contract. It brings Lian Beng’s order book to approximately $644 million as at March 6.

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