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Soilbuild wins two new contracts worth $151.3 mil in total, order book grows to $1.32 bil

By Nicole Lim

/ EdgeProp Singapore |

January 16, 2025 11:44 AM SGT

The first construction is a single multi-storey industrial complex at Loyang, and the second is an additions and alternations work in Changi North (Photo: Soilbuild)

Soilbuild Construction has been awarded two new contracts worth $151.3 million, bringing the group’s latest order book to about $1.32 billion as at Nov 30, 2024.

The first construction contract is a single multi-storey industrial complex at Loyang Way that is scheduled to be completed by 2Q2027.

The second contract is additions and alterations works for an existing multi-storey single-user industrial development at Changi North, that is scheduled to be completed by 4Q2025.

Both projects will be built to obtain the Green Mark Gold Plus, an eco-sustainable rating for a building under the Building & Construction Authority’s green mark certification scheme.

Soilbuild says that these two projects are not expected to have any material impact on the consolidated net tangible assets per share and consolidated earnings per share of the group for the current financial year ending Dec 31, 2025.

“Our growing order book, which is currently at $1.32 billion, stands as a testament to the trust placed on our capabilities as a green builder,” says Lim Han Ren, executive director and group CEO of Soilbuild.

Shares in Soilbuild Construction closed flat at 78 cents on Jan 15.

Tags:

solibuild contract win

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