SINGAPORE : Construction firm KSH Holdings has won a contract to build the luxury Clifford Pier hotel. The contract, worth S$126 million, was awarded by Hong Kong firm Precious Quay, a unit of Sino Land.
Late last year, Sino Land put in the top bid of S$166 million for a hotly-contested site at Collyer Quay, which will house the hotel.
Under the deal, KSH will build a six-storey hotel, comprising some 120 rooms with sea views.
KSH will also conserve the single-storey Clifford Pier and the two-storey former Customs Harbour Front building.
The project is expected to be completed in under two years.
The new contract will take KSH's existing order book to S$405 million.
Industry watchers see the possibility of Sino Land building an integrated development at the waterfront, which will be linked to its neighbouring properties, One Fullerton and the Fullerton Hotel. - CNA/ms
No comments:
Post a Comment