Lian Beng

Lian Beng: 50% owned JV has secured a contract worth approx $169.0m from Luxury green Dev for proposed residential dev at Upper Thomson Rd. The works to be executed are for 9 blks of 20 storey residential flats and 22 two-storey strata landed houses with facilities. Works are expected to commence in Aug 2012 and are due to be completed by Feb 2015. The construction co and developer is currently trading at P/B of 1.0x