ISOTeam has secured 12 new projects with contract value of around $31.3 million, boosting its order book to $202.4 million.
These include three addition and alteration (A&A) projects worth $23.5 million, comprising $13.7 million of A&A works for a factory at 12 Loyang Lane and 30 residential blocks at Choa Chu Kang to be completed by January 2027, as well as $9.8 million in development and upgrading works for parks and open spaces to be completed by August 2027.
The group also secured façade works worth $6.5 million including one $3.5 million repair and redecoration (R&R) project to be completed by November, and four coating and painting (C&P) projects worth $3.0 million for residential blocks in Tengah and facility projects at Tuas and Founders’ Memorial respectively, all to be completed by May 2027.
Lastly, contract wins of four interior design (ID) projects worth $1.3 million include ID works at AIA Tower, Jalan Boon Lay and Rifle Range Road.
"We expect this momentum to continue as Prime Minister Lawrence Wong had announced a slew of infrastructure and public housing projects during his National Day Rally, that are expected to keep construction activity strong over the next five years," says group executive director and chief executive officer, Anthony Koh.
Shares in ISOTeam closed 0.1 cent lower or 1.61% down at 6.1 cents on Sept 6.
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