Chip Eng Seng

Chip Eng Seng: Awarded a $113m contract by HDB for building works at Hougang. The contract comprises of the construction of 5 blocks of residential buildings with 792 units, a multi-storey carpark and other community facilities. The construction period is approx 27 months. As of 30 June, co’s order book stood at $295.5m but most recent net profit declined by 14.2% from fewer projects.