The group&rsquo s order book exceeds S$1.2 billion for the first time

 

SOILBUILD Construction Group : S7P +9.09% has clinched a S$647.5 million construction contract, bringing the group&rsquo s order book to about S$1.23 billion.

 

In a bourse filing on Thursday (Jun 13), the company said that the contract has been awarded to its wholly owned subsidiary, SB Procurement, for the construction of PSA Supply Chain Hub @ Tuas.

 

The construction project, consisting of warehouse buildings, gate buildings, main intake substation and ancillary buildings at Tuas Port, is expected to be completed by the third quarter of 2027.

 

It will be built to achieve Green Mark Platinum Super Low Energy, an eco-sustainable rating under the Building and Construction Authority&rsquo s Green Mark certification scheme. This means that it will achieve at least 60 per cent energy savings.

 

Soilbuild Construction&rsquo s executive director Lim Han Ren highlighted that the Tuas project &ldquo is one of the most prominent industrial projects in Singapore awarded to date this year&rdquo and that it is &ldquo also the largest construction project won by the group in its history&rdquo .

 

&ldquo This also marks an important landmark for the group, as the group&rsquo s order book is being propelled beyond the S$1.2 billion mark for the first time,&rdquo he added.

 

The company noted that the contract secured is 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, 2024.