{"id":96728,"date":"2018-08-27T12:50:28","date_gmt":"2018-08-27T05:50:28","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/ksh-secures-266-3mil-contract-to-build-riverfront-residences\/"},"modified":"2018-08-27T13:03:59","modified_gmt":"2018-08-27T06:03:59","slug":"ksh-secures-266-3mil-contract-to-build-riverfront-residences","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ksh-secures-266-3mil-contract-to-build-riverfront-residences\/","title":{"rendered":"KSH secures $266.3mil contract to build Riverfront Residences"},"content":{"rendered":"


\nKSH Holdings has been awarded a $266.3 million contract to develop Riverfront Residences in Hougang.
\n\u00a0\u201cWe are pleased that the project has so far resonated well with the market as the consortium continues to monitor the market carefully to push sales appropriately at the right prices.\u201d
\n\u00a0The contract will see KSH build \u201cnine blocks of 17-storey apartments and 21 units of strata landed houses that will comprise a total of 1,472 units; six shops with two basement carparks, a landscape deck and communal facilities at the Hougang Avenue 7 site\u201d, said the company in an SGX filing.
\nMore: See our in-depth project review of Riverfront Residences
\n\u00a0In fact, the group, which owns a 35 percent stake in the project, has since taken possession of the site on 8 August, with construction set to commence in November and completed by February 2022.
\n\u00a0Launched in July, Riverfront Residences has so far sold more than 52 percent of its units within a month, achieving average selling prices that are within expectations.
\nMore: Step-By-Step Guide To Buying A Condo
\n\u00a0\u201cWe are pleased to be entrusted by the consortium to play a dual-role in this project as both a joint-developer and contractor. This also demonstrates the operational synergies between our property development and construction pillars within our diversified business model,\u201d said KSH Holdings executive chairman and managing director Choo Chee Onn.
\n\u00a0\u201cTaking the lead in the construction allows us to play an active role in managing project costs efficiently to optimise margins both for our construction contract and for the development project\u2019s profitability amidst the challenging operating environment.\u201d<\/p>\n

\u00a0KSH revealed that the new construction contract lifted their order book by over $577 million, to be progressively recognised up to FY2022.
\nEugenia Rosaline Shlaen edited this story. To contact her about this or other stories, email eugenia@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…KSH secures 6.3mil contract to build Riverfront Residences<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

KSH Holdings has been awarded a $266.3 million contract to develop Riverfront Residences in Hougang....<\/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-96728","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-pa8","jetpack-related-posts":[{"id":92330,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/over-7000-visited-riverfront-residences-showflat\/","url_meta":{"origin":96728,"position":0},"title":"Over 7,000 visited Riverfront Residences showflat","date":"June 25, 2018","format":false,"excerpt":"\r Crowds braved the rain for the opening of Riverfront Residences over the weekend. More than 7,000 people visited the Riverfront Residences showflat, a 1,472-unit residential project with six retail shops in Hougang Avenue 7, after it opened for preview over the weekend (23 \u2013 24 June). \u201cThe response has\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56252,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ksh-holdings-fy2017-net-profit-down-33-4\/","url_meta":{"origin":96728,"position":1},"title":"KSH Holdings FY2017 net profit down 33.4%","date":"May 29, 2017","format":false,"excerpt":"\r KSH\u2019s share of profit from associated companies also posted lower, mainly due to the decreases in share of profit from Sequoia Mansion (pictured), preliminary costs on its China Gaobeidian project, impairment losses on unsold properties and decrease in sales and percentage-of-unsold properties. (Image: KSH Holding Limited) KSH Holdings Limited\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":96728,"position":2},"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":61540,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hundred-palms-residences-sold-out-in-one-day\/","url_meta":{"origin":96728,"position":3},"title":"Hundred Palms Residences sold out in one day","date":"July 23, 2017","format":false,"excerpt":"\r The launch of Hundred Palms Residences attracted hundreds of buyers. (Photo: ERA Realty Network) Property developer Hoi Hup Realty sold all 531 units (100 percent) at its Hundred Palms Residences executive condominium (EC) at Yio Chu Kang Road on launch day yesterday (22 July). Hundreds of buyers turned up\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":81992,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/geylang-freehold-sites-bought-for-60mil\/","url_meta":{"origin":96728,"position":4},"title":"Geylang freehold sites bought for $60mil","date":"March 6, 2018","format":false,"excerpt":"\r A joint venture (JV) between Heeton Holdings, Lian Beng Group and KSH Holdings has completed the acquisition of several freehold land parcels at 31 to 51 (odd) Lorong 24 in Geylang for a total of $60 million on Monday (5 March). According to an SGX filing on released on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92698,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxleys-the-verandah-residences-fully-sold-within-three-months\/","url_meta":{"origin":96728,"position":5},"title":"Oxley\u2019s The Verandah Residences fully sold within three months","date":"June 28, 2018","format":false,"excerpt":"\r Artist\u2019s impression of The Verandah Residences, a 170-unit freehold project whose design is inspired by Singapore\u2019s black and white colonial bungalows.\u00a0 Oxley Holdings has achieved 100 percent sales at The Verandah Residences within three months since its official launch on 7 April. With average unit prices at $1,795 psf,\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\/96728"}],"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=96728"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/96728\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=96728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=96728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=96728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}