Source : The Business Times, January 9, 2008
WOH Hup has been awarded the $1 billion main contract for Keppel Land's Reflections at Keppel Bay. The 1,129-unit development will take about five years to build and is expected to be completed by 2013.
On the challenges facing the construction industry in the next few years, Woh Hup vice-chairman Yong Tiam Yoon said: 'We are lucky because we lined up our sub-contractors at the tender stage. We have been around a long time and have the support of sub-contractors and suppliers.'
The $1 billion main contract covers all major construction works including, piling, structural, mechanical and electrical, and architectural. It is Woh Hup's biggest-ever contract - but Mr Yong said the company, which is also working on the MRT Circle Line, has no problem with projects of this size.
Estimating that Reflections will require about 10,000 cubic metres of structural concrete per month, he said Woh Hup is already handling projects of close to this magnitude.
The first phase of Reflections, comprising 620 waterfront homes, has been sold out and the second phase is expected to be launched this year.
On the expected date of completion, a Keppel Land spokesman said that while the target is 2013 he expects the development will be completed sooner. The time-frame of construction is not long considering the size of the development, which has a gross floor area of 2.1 million sq ft and a site area of 8.4 hectares, he said.
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