Soilbuild Construction Group has been awarded two new contracts with an aggregate contract value of $69.6 million, comprising one construction contract and one precast and prefabrication contract.
According to an Aug 19 bourse filing, the construction contract of a multiple-user industrial development at Tuas South Avenue is scheduled to be completed by 3Q2025.
The other, a precast and prefabrication contract for the supply and delivery of precast components to a HDB project at Kallang Whampoa, is expected to be completed by 4Q2025.
In June, the group secured a $647.5 million construction contract at Tuas Port. With the addition of the two new contracts, the group’s order book has increased to $1.25 billion.
Lim Han Ren, executive director and group CEO, says: “In addition to providing more revenue visibility ahead, the new contracts are a testament to our strong expertise, integrated capabilities and track record within the construction industry in Singapore. Aligned with Singapore’s Green Plan 2030, we will continue to participate actively in tenders to build up our order book and enhance our reputation as a leading sustainable builder. Together with our priorities on safety and quality, we remain fully committed to delivering successful projects for our customers on a timely basis.”
Shares in Soilbuild closed 0.1 cent higher, or 1.24% up, at 8.2 cents on Aug 19. Its shares are up some 173% year to date.
