>

>

OKP Holdings' wholly-owned subsidiary secures $95.9 mil contract from LTA

By Felicia Tan

/ The Edge Singapore |

February 16, 2023 8:26 PM SGT

The contract is expected to be completed by the first quarter of 2026 (Photo: OKP Holdings)

SINGAPORE (EDGEPROP) - Eng Lam Contractors, the wholly-owned subsidiary of OKP Holdings has secured a contract worth $95.9 million from the Land Transport Authority (LTA) on Feb 6.

Read also: OKP wins $100.3 million contract from LTA

Eng Lam Contractors will be involved in the survey, construction and reconstruction of roads, kerbs, footpaths, cycling paths and other road and commuter-related facilities along Singapore’s South East sector.

The scope of the work under the contract will also extend to fabrication, installation, removal, realignment and replacement of new or existing traffic or regulatory signs and street name boards, and retro-reflectivity checks of any gantry, directional and traffic signs.

The contract is expected to be completed by the first quarter of 2026.

The latest contract brings the group’s net construction order book to $454.1 million with contracts extending till 2026.

“We are encouraged to secure another contract worth $95.9 million from LTA. This contract, secured three months after the last $100.3 million LTA project for commuter infrastructure enhancement works, such as cycling paths and covered linkways, at new MRT stations along [the] Thomson-East Coast Line (TEL), Circle Line (CCL)6, Northeast Line (NEL) and Downtown Line (DTL), is reflective of the confidence in our core infrastructure engineering expertise,” says Or Toh Wat, group managing director of OKP Holdings.

“We are pleased to be given the opportunity to support LTA’s efforts to enhance road safety for all users, and are focused on the safe execution and timely completion of these projects,” Or adds.

Shares in OKP Holdings closed flat at 16.7 cents on Feb 16.

Tags:

OKP Holdings Eng Lam Contractors LTA MRT

Follow Us

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

Subscribe to our newsletter

Top Articles

1

UOL and CapitaLand to acquire Thomson View Condo for $810 mil

2

Is it a Good Deal?: A freehold three-bedroom in D9 sold for $3.27 million, making a $2.03 million profit

3

Chuan Park attracts 5,000 visitors on first day of preview

4

CDL's Norwood Grand achieves 84% sales at an average price of $2,067 psf

5

Executive Condo launches in the pipeline to test new highs of $1,700 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