{"id":66688,"date":"2017-09-18T10:03:48","date_gmt":"2017-09-18T03:03:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/lian-beng-wins-contract-to-build-martin-modern-condo\/"},"modified":"2017-09-18T10:04:42","modified_gmt":"2017-09-18T03:04:42","slug":"lian-beng-wins-contract-to-build-martin-modern-condo","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lian-beng-wins-contract-to-build-martin-modern-condo\/","title":{"rendered":"Lian Beng wins contract to build Martin Modern condo"},"content":{"rendered":"


\nArtist\u2019s impression of the infinity pool at Martin Modern.
\nA wholly-owned subsidiary of Lian Beng Group has secured a $162 million contract to construct Martin Modern, a 99-year leasehold project comprising two 30-storey condominium blocks with a total of 450 units at Robertson Quay.
\nAccording to an SGX filing on Friday (15 September), the work package for the development with landscape deck, common basement carparks and communal facilities was clinched by Lian Beng Construction (1988) via a tender held by developer GuocoLand.
\nSEE ALSO: Buyers and developers turn attention to River Valley
\nThe contract is expected to have a positive effect on Lian Beng\u2019s net tangible assets per share and earnings per share for the current fiscal year ending 31 May 2018. In fact, the company\u2019s order book reached about $699 million as of 15 September 2017 after it secured the deal.
\nLian Beng is expected to start construction work on the project in September, with the contract spanning 32 months. The development is expected to receive its temporary occupation permit by 2021.
\nMartin Modern sold 110 of the 120 units released within two weeks of its launch on 22 July.
\nPrices range from $1.8 million for a two-bedroom unit to $3.86 million for a four-bedder, with early buyers eligible for a five percent discount.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Lian Beng wins contract to build Martin Modern condo<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of the infinity pool at Martin Modern. A wholly-owned subsidiary of Lian Beng...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-66688","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-hlC","jetpack-related-posts":[{"id":73205,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lian-beng-secures-136-8m-contract-to-build-9-condos\/","url_meta":{"origin":66688,"position":0},"title":"Lian Beng secures $136.8m contract to build 9 condos","date":"November 29, 2017","format":false,"excerpt":"\r Lian Beng Group has been awarded a $136.8 million contract via a tender to build nine resident blocks at Potong Pasir Avenue 1 in Toa Payoh, revealed an SGX filing on Tuesday, 28 November. In particular, there will be four blocks of 8-storey residential buildings, two 19-storey blocks and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74298,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lian-beng-ksh-heeton-buy-geylang-properties-for-60mil\/","url_meta":{"origin":66688,"position":1},"title":"Lian Beng, KSH, Heeton buy Geylang properties for $60mil","date":"December 12, 2017","format":false,"excerpt":"\r Lian Beng Group Ltd, via its 42 percent-owned associated company Development 24 Pte. Ltd., has exercised an option to acquire the freehold properties known as 31 to 51 (ODD) Lorong 24 Geylang. KSH Holdings and Heeton Holdings also holds a 48 percent and 10 percent stake in Development 24.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":76686,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/despite-lower-earnings-lian-beng-upbeat-on-property-outlook\/","url_meta":{"origin":66688,"position":2},"title":"Despite lower earnings, Lian Beng upbeat on property outlook","date":"January 15, 2018","format":false,"excerpt":"\r Singapore-listed Lian Beng Group\u2019s net profit declined by 33.7 percent year-on-year to $12.19 million during the first half ended 30 November 2017 (1H FY2018), revealed an SGX filing on Friday (12 January). Over the same period, the Grade A1 construction group\u2019s gross profit slumped 33.5 percent to $19.55 million,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":77318,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lian-beng-to-ride-wave-of-housing-market-recovery\/","url_meta":{"origin":66688,"position":3},"title":"Lian Beng to ride wave of housing market recovery","date":"January 19, 2018","format":false,"excerpt":"\r Rio Casa, a 286-unit development has been sold collectively for $575 million to Oxley-Lian Beng Venture Pte Ltd. Singapore-listed construction company Lian Beng Group has positioned itself to take advantage of the recovering private housing market. According to a report published by CIMB Research on Thursday (18 January), the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68936,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lian-beng-group-posts-47-5-revenue-drop\/","url_meta":{"origin":66688,"position":4},"title":"Lian Beng Group posts 47.5% revenue drop","date":"October 13, 2017","format":false,"excerpt":"\r Lian Beng Group\u2019s revenue slumped by 47.5 percent year-on-year to $37.18 million in the first quarter ended 31 August 2017 primarily because of lower contributions from its construction business, revealed an SGX filing on Thursday (12 October). Consequently, gross profits and its earnings for the period fell by 33.1\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":85062,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lian-beng-unit-gunning-for-catalist-listing\/","url_meta":{"origin":66688,"position":5},"title":"Lian Beng unit gunning for Catalist listing","date":"April 12, 2018","format":false,"excerpt":"\r Artist\u2019s impression of KAP & KAP Residences, a mixed-use project by SLB Development. SLB Development, a spin-off from mainboard-listed Lian Beng Group, is seeking to be listed on the Singapore Exchange\u2019s Catalist Board. The property developer is offering 238 million shares at $0.23 each, comprising 230 million shares by\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/66688"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=66688"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/66688\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=66688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=66688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=66688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}