Real estate company TA Corporation, with its wholly-owned subsidiary Tiong Aik Construction Pte Ltd, has secured two new construction contracts worth around S$271 million from Allgreen Properties and its subsidiary.
The deal worth S$231 million is for a proposed condo development at Upper Serangoon Road, and the other one is for a planned condo project at West Coast Road totaling, which is worth S$40 million.
According to the company, construction work on both the projects are likely to start early next year. Both the deals are not likely to affect its net tangible assets and earnings per share for this financial year which would end on 31 December 2011.
Neo Tiam Boon, CEO and Executive Director of TA Corp said, “We are delighted to have secured two projects from our valued long-time customer, Allgreen Properties Ltd, with whom we\'ve had a strong working relationship.”
He further added, “With our experience and expertise in the construction industry, we are well-positioned to secure more construction projects to further strengthen our order book.”
The deal worth S$231 million is for a proposed condo development at Upper Serangoon Road, and the other one is for a planned condo project at West Coast Road totaling, which is worth S$40 million.
According to the company, construction work on both the projects are likely to start early next year. Both the deals are not likely to affect its net tangible assets and earnings per share for this financial year which would end on 31 December 2011.
Neo Tiam Boon, CEO and Executive Director of TA Corp said, “We are delighted to have secured two projects from our valued long-time customer, Allgreen Properties Ltd, with whom we\'ve had a strong working relationship.”
He further added, “With our experience and expertise in the construction industry, we are well-positioned to secure more construction projects to further strengthen our order book.”