The contract, which was secured through tender from NovaSims Development, will see Lian Beng construct five blocks of 18-storey residential flats, with a total of 566 units.
The development will also constitute a child care centre with four-storey multi storey carpark, a swimming pool, as well as other communal facilities.
The contract period is set at 36 months, and is expected to commence in June 2020.
The group’s order book stands at $1.7 billion as at May 11, and is expected to provide the group with a sustainable flow of activity through FY2023.
Shares in Lian Beng closed one cent higher, or 2.7% up, at 38 cents on Monday prior to the announcement.
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