Tiong Seng bags $130.5m contract to develop Club Street hotel

The 20-storey hotel will feature restaurants and shops on the ground level, 19 storeys of hotel accommodation and a basement carpark.

Tiong Seng Holdings has been awarded by Midtown Development Pte Ltd with a $130.5 million contract to develop a hotel at Club Street.

In an SGX filing, the mainboard-listed construction firm revealed that the 20-storey hotel will feature restaurants and shops on the ground level, 19 storeys of hotel accommodation and a basement carpark.

The project will use a full concrete PPVC method, in which volumetric concrete modules are produced off-site before they are transported on-site for assembly.

“Leveraging on our established PPVC capabilities and track record, we are delighted to have secured this contract to develop a hotel situated along the upmarket Club Street,” said Tiong Seng Holdings Limited CEO Pek Lian Guan.

“Located in close proximity to the Central Business District, this development will allow us to showcase our diversified product offering, quality of workmanship and ability to complete projects of varying complexity, uses and scale.”

As the first-of-its-kind hotel within the city-state to be built using a fully concrete PPVC method, the project elevates Tiong Seng’s position as an industry leader in harnessing cutting-edge construction solutions, he added.

The hotel project brings Tiong Seng’s order book to around $753 million, extending to 2023.

Source: 28 Aug 2019, CommercialGuru