Lian Beng: Secured contracts worth $13.2m from HDB and $84.5m from 55% owned Lian Beng-Centurion Mandai (LBCM). HDB's contract is for 149 units in Tampines which will commence in Dec 2011 and be completed by Sep 2013. The contract from LBCM is for the construction of a 10 storey ramp-up factory and 2 blks of 12-storey workers' dormitories at Mandai from Nov 2011 to May 2013. As of 29 Nov, co's orderbook is approx $859m. Co is at current P/E of 3.1x
Most recently 50% owned Spottiswoode Dev has also acquired “Dragon Mansion” through a $130m purchase.
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