>

>

OKP Holdings secures $12.7 mil LTA contract for Western sector road improvement programmes

By Bryan Wu

/ The Edge Singapore |

December 12, 2023 6:49 PM SGT

Group managing director Or Toh Wat. Photo: The Edge Singapore

OKP Holdings’ wholly-owned subsidiary Eng Lam Contractors has been awarded a $12.7 million contract by the Land Transport Authority (LTA) for the ad-hoc improvement of road-related facilities, road structures and road safety schemes for Singapore’s Western sector.

The 18-month contract, which commenced on Oct 31 and is expected to be completed by April 30, 2025, will see Eng Lam Contractors involved in improving and keeping road and cycling paths.

“We feel encouraged to have secured this contract from LTA, which is an endorsement of our core competency and capabilities and we are committed to the smooth delivery of this project,” says OKP group managing director Or Toh Wat.

Read also: OKP subsidiary secures $17.7 mil PUB contract

OKP’s fourth contract from LTA follows a separate 18-month contract worth $188.3 million for the construction of a new cycling path network in seven towns islandwide.

The two earlier LTA contracts include a 36-month contract worth $95.9 million for the maintenance of roads, road-related and commuter-related facilities along the South Eastern sector secured in February 2023 and a 48-month contract worth $100.3 million for the construction of covered linkways and cycling paths at new MRT stations.

As of Dec 11, OKP’s construction order book is $596.4 million, with contracts extending until 2026.

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Emerald of Katong hits 99% sales at launch, averaging $2,621 psf

2

Kingsford sells 76% of Chuan Park units at an average price of $2,579 psf

3

Is it a Good Deal?: $1.03 million for a four-room HDB flat in District 10

4

Sim Lian Group’s Emerald of Katong: Will it be another top-seller?

5

Is it a Good Deal?: A 99-year leasehold three-bedder in Bedok sold for $1,098 psf

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00