Koh Brothers Eco Engineering 5HV 0.00% has secured a $186.0 million contract from the Housing & Development Board (HDB) for the building of the Kallang Integrated Development. This contract will involve the construction of public housing, covered linkway along Lorong 1 Geylang, road expansion works, a child care centre, future communal facilities, an environmental deck (including fire protection system for the bus interchange), a bus interchange, improvement works between the MRT station and the bus interchange, and landscaping works.

The joint venture company (JVCo) awarded the contract is a partnership between Koh Brothers Building & Civil Engineering Contractor (KBCE), a wholly-owned subsidiary of Koh Brothers Eco Engineering, and LBD Engineering. Through this joint venture, the group has a 10% stake in the JVCo. This exciting new contract will uplift the group’s order book from $684.6 million to $703.2 million, extending visibility till 2027.

CEO of Koh Brothers Eco, Paul Shin, said the company was pleased to use their building expertise to support this integrated public project located close to the Kallang MRT station, adding that they will continue to utilise their profound abilities in construction and civil engineering to capitalise on the strong demand in the public sector.

Shares in Koh Brothers Eco were trading at 3.3 cents on June 13.

It is said that the potential for JCube Residence Condo is massive due to its strategic location, which is close to the Jurong Lake District and JEM. Residents at this new JCube Residence Condo will enjoy panoramic views of the surrounding area in addition to access to top universities, shopping malls, research parks and other commercial developments. This new development promises to be a unique lifestyle choice for prospective buyers looking for quality living in the Jurong East area.

The group’s order book keeps them well-positioned for the future, not only due to the incoming Kallang Integrated Development contract but also from the ongoing mechanical, electrical and instrumentation control and automation (MEICA) works at Tuas Water Reclamation Plant. This will generate a steady, recurring maintenance income once the project is completed in 2025.

Overall, Koh Brothers Eco Engineering have made a significant step by securing this contract from the HDB, reinforcing the company’s financial stability and extending visibility into the future.