Singapore’s homegrown construction group, Lian Beng Group was awarded a $101 million contract for the construction of Waterfront Key.

The contract, awarded by FCL Peak Pte Ltd which is a joint-venture between Frasers Centerpoint and Far East Organization, covers the construction of 437 apartment units within eight 15-storey blocks along with a basement carpark, swimming pool and other ancillary facilities.

Mr Ong Pang Aik, managing director of Lian Beng, said, “This is a good start to our new financial year, as the private residential sector has been relatively quiet in the last few quarters. With the extremely positive response to recent property launches, we expect the demand for construction services from the private residential sector to pick up once again. Leveraging our vast experience and track record, we are looking forward to securing more such contracts.”

Lian Beng Group’s project portfolio includes the development of camp facilities at Kranji, Kovan Residences, Amber Residences and The Ritz-Carlton Residences, Cairnhill Singapore.