Lum Chang wins construction contract worth $85.7 mil

SINGAPORE (Oct 24): Lum Chang Holdings announced that its wholly-owned subsidiary, Lum Chang Building Contractors has won a contract for building works at The Verge, an integrated development located at 2 Serangoon Road worth $85.7 million.

The contract was awarded by Corwin Holding, a joint venture vehicle for Lum Chang and a fund managed by LaSalle investment Management Asia.

Under the contract, the group will be responsible for the demolition of the existing main block and its reconstruction for use as a retail podium and serviced residence.

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