Homegrown construction group Lian Beng has clinched a contract worth S$99.5 million to build a high-end residential project at Cairnhill Road.
Lian Beng will build The Ritz-Carlton Residences through its Millennium International Builders unit. The deal was awarded by Royce Properties, a subsidiary of Hayden Properties.
The project is the first luxury condominium project to be launched by The Ritz-Carlton Hotel Company in Asia and will feature 58 apartment units - including two penthouses - in a 36-storey block.
It will occupy land area of some 60,000 square feet at Cairnhill Road and work is expected to commence in the third quarter of this year.
The latest contract boosts Lian Beng's order book to some S$770 million. - CNA/ms
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