On Oct 24, Lum Chang Holdings announced that its wholly-owned subsidiary has been awarded an $85.7 million construction contract for The Verge.

The scope of the contract includes the demolition of the existing main block and its reconstruction for use as a serviced residence and a retail podium.

Undergoing refurbishment is the adjoining annex block, which will include a retail component, a rooftop commercial-cum-cultural space and carpark facilities.

Source: Lum Chang Holdings

The contract was awarded by Corwin Holding, a JV between Lum Chang Holdings and a fund managed by LaSalle Investment Management Asia. Completion of contract works is scheduled for 2H2019.